Honasa Consumer Limited — Others, 12-05-2025: Monitoring Agency Report

Honasa Consumer Limited has announced a Monitoring Agency Report confirming full utilization of IPO proceeds as per the company’s stated plans. Of the ₹350.49 Cr raised, ₹171.01 Cr has been spent on brand advertising, capital expenditure for new exclusive brand outlets, investment in its subsidiary BBlunt, and general corporate purposes. The remaining ₹179.48 Cr is largely held in fixed deposits earning 7% to 8.9% interest. Project timelines are on track, supporting the company’s growth and expansion strategies.