Akshata Sharma
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Amid the surge in IPO activities among the new-age tech startups, Jaipur-based D2C men's grooming brand Menhood is all set to go public with an NSE Emerge listing
Menhood's parent entity Macobs Technologies Limited filed its draft red herring prospectus (DRHP) in January this year. Its offering comprises a fresh issue of 25,95,200 equity shares of face value of INR 10 each.
The D2C startup said that it has set a price band of INR 71-75 for its IPO. Menhood is expected to raise INR 19.5 Cr at the upper end of the price band. The company's IPO is opening on July 16 and will end on July 19. Investors can place bids for 1,600 equity shares and in their multiples thereafter.
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