Mamaearth IPO aims for 1000x multiple of profits - will investors take the bait? - Some Fun Facts From Internet
1/ Last valuation for Mamaearth was $1.2 billion in January 2022. The company is now seeking a $3 billion valuation for its upcoming IPO.
2/ Shilpa Shetty's 0.75Cr investment in Mamaearth could be worth 80Cr if the company goes public at its target valuation of ~$2Bn.
3/ Mamaearth reported profits of 22 cr last year. If the company goes public at its target valuation, it would be valued at a multiple of 1000 times its profits
4/ The IPO will include a fresh issue of 400 crs and an OFS of approximately 2000 crs.
5/ REAL SHARKS may question whether it's reasonable to give funding to a company at a multiple of 1000 times its profits.
6/ It's worth noting that promoters, angels, early and late investors, and even brand ambassadors are all selling shares in the company.
7/ For comparison, HUL's last year's profits were 9000 Cr and the company's valuation on the public market is 600,000Cr, a multiple of 66.
BTW - Happy Birthday Charlie Munger #CharlieMunger
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