Biotique, the renowned beauty and personal care brand valued at $3 billion, is preparing to offload a 10% equity stake through an initial public offering (IPO) slated for next year. Founder Vinita Jain emphasized that this move aims to ensure the company's longevity and support growth ambitions.
Key Details About The IPO
The company targets to raise approximately $300 million from the public listing to strengthen research and development.
Funds will also be directed towards expanding distribution channels within India and scaling international presence.
Biotique has remained debt-free so far and is consolidating operations ahead of the IPO, engaging prominent bankers like ICICI, Kotak, Motilal Oswal, and IIFL.
Known for its range of natural and Ayurvedic skincare, haircare, and baby products, Biotique has resisted private equity offers, relying heavily on word-of-mouth marketing and recently appointing Sara Ali Khan as brand ambassador.
Market Outlook
With India’s beauty market projected to reach $34 billion by 2028, Biotique’s public listing is positioned to capitalize on the sector’s rapid growth and increasing investor interest.
Source: Economic Times