IPO Approaching Mamaearth is Now with Shilpa Shetty
IPO making Bollywood stars investing in Mamaearth
9 January 2023
All investors including Shilpa Shetty are getting ready for the forthcoming IPO
Mamaearth attracted the bollywood with its high revenue from IPO
Angel investors are now a part of mamaearth's IPO journey
Every investor is attracted towards a high revenue earning company. Now mamaearth has taken the spotlight with a net worth of ₹24, 000 crore. Actress Shilpa Shetty is now waiting for the IPO of mamaearth.
Angel investors are now hand in hand with mamaearth to raise their revenue in the forthcoming IPO. Mamaearth's unrealistic high revenue on the IPO attracted the share market sharks. Angel investors wanted to double their revenue in this upcoming IPO.
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Mamaearth's IPO value rockets thr market and beats the leading brands like Marico and Dabur even with high offline distribution. Having a valuation of ₹24,000 crore, mamaearth has got 25×FY22 and 1600×FY22 profits (PE) while it is only 50x to 60x PE for dabur.
Angel investor Devansh Lakhani, Director and Startup fundraising expert of Lakhani Financial Services, is very much interested about this rocketing IPO if mamaearth.
Lakhani explained about this IPO completely in a LinkedIn post and also stated an example of H1 company having ₹3.6 crore in the first and second quarter of FY23 and also said that the investors would not be much interested in investing in a company which is 1000 times more worth than it's profit.