According to media reports, D2C men’s grooming brand Menhood is preparing to go public with an NSE Emerge listing, issuing 25,95,200 equity shares with a face value of Rs 10 each.
The firm’s parent company, Macobs Technologies, filed its draft red herring prospectus (DRHP) with SEBI in January this year, according to media reports. Menhood’s IPO is set to open on July 16 and will close on July 19.
Proceeds from the IPO will be strategically used to expand Menhood’s product offerings and enhance its operational capabilities to support ongoing growth and innovation within the grooming industry, the firm said in a statement, according to media reports.
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