Mamaearth’s Ghazal Alagh on why the business’s IPO has a high OFS

Synopsis An OFS includes the sale of existing shares by big stakeholders, such as promoters, investor or institutional financiers. The funds from an OFS go straight to the offering investors instead of the business itself.ETtechGhazal Alagh, cofounder and chief development officer, Honasa ConsumerGhazal Alagh, cofounder and CIO, Honasa Consumer– the moms and dad business of charm and individual care brand name Mamaearth– clarified a question on social networks platform X (previously Twitter) about the high quantity of the market (OFS) element in the business’s going public (IPO). Reacting to a concern from a user, Alagh explained 3 factors behind the business’s reasoning, “Largest financier is not offering a single share; promoters are holding 97% of their ownership in business; and whoever is offering in OFS is likewise holding more than they are offering (one requires to construct a minimum swimming pool for IPO size and money getting business require restricted main capital).” Raise Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit– GhazalAlagh (@GhazalAlagh) An OFS includes the sale of existing shares by big stakeholders, such as promoters, endeavor c
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