Honasa Consumer IPO (Mamaearth)

Mamaearth's client retention is very low. As it is a loss-making company, we cannot derive its actual P/E, but even after considering its outflow in the latest investment, the company is coming at an extremely high valuation. Thus, we suggest to 'avoid' this IPO, said Swastika Investmart.Read More:

1. Mamaearth IPO: Honasa Consumer's issue booked 30% on Day 2 so far - Business Today