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Mamaearth cofounder Ghazal Alagh denies IPO valuation rumours
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Mamaearth cofounder Ghazal Alagh denies IPO valuation rumours
23 October 2024
The offering will include a fresh issuance of shares worth Rs 400 crore and an offer-for-sale (OFS) component comprising 46.82 million shares.
Responding to social media rumours and news reports on the company's valuation for its initial public offering (IPO), Mamaearth cofounder Ghazal Alagh said the firm has neither quoted nor subscribes to the valuation numbers doing the rounds.
The offering will include a fresh issuance of shares worth Rs 400 crore and an offer-for-sale (OFS) component comprising 46.82 million shares. Responding to social media rumours and news reports on the company's valuation for its initial public offering (IPO), Mamaearth cofounder Ghazal Alagh said the firm has neither quoted nor subscribes to the valuation numbers doing the rounds.
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