Will you invest in Mama-earth?

Stocks IPOs
1

As we enter 2023, some companies are back with outrageous valuations like mama earth which is coming with a 24000 crore , 3 billion dollars with 22 crore profits at present. Basically, coming with a PE of 1100

Even if the company’s earnings grow at 10x from current levels, stock will have PE of more than 100

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Basically, new age companies keep coming at outrageous valuations and give an exit route to promoters and VCs with maal chipkao yojana to IPO subscribers.

So, will u invest in this IPO? :smile:

3 Likes
2

No. Nooo. Noooooooooo

3

Ooo bolega maama ooo ooo bolega maama…

1 Like
4

No FMCG bought this? :thinking:

5

I am not like VC. Not have surplus money to invest in mamaearth

6

LOL :joy:

7

Not at all am staying as far as i can from these stuff

1 Like
8

Definitely big no.

9

No no and no.

10

They were funded a year back at a valuation of 9500 crores.

11

VCs’ making them nice returns.

2 Likes
12

Bought mosquito repellent, mosquito not scared.

2 Likes
13

This if went ahead should be called ‘Mamu’ IPO. These kind of IPO are internal gaming of Banks and VCs so Retailers should not attempt to become the investor . These are only good for intraday trading as lots of opportunity for shorts and Shortcovering.

14

Seems like everyone is being fearful. Is this a strong buy signal? lol.

15

For short term might be as its said in the market in short term its the voting machine and in long term its weighing machine. So , trading is good in these stocks due to volatility you get good 1 directional moves in short period. Not as a long term investor at such valuation( people get huge hit when the just stuck and ultimately give away when stock is actually worth the buying!

16

It is very much possible that it is for now a rumor and the promoters are just testing waters as to what price range would be reasonable.