Honasa Consumer Limited IPO Message Board (Page 13)

Davda ji has given "subscribe" recommendation any idea into it why

Mamaearth has spent 150cr+, somewhere it must have gone.

Ghatiya IPO PE: 2600
Promotor also Selling Their Shares
Clear cut Avoid

Total Issue size : 1700 cr.
Reserve for employees : 1 cr only
Isn't something strange ??

it is a way to create demand for this IPO... people should not get fooled by seeing employee subscription... BIG AVOID....

Employee need to be full time employee with atleast 1 year in service. 2ndly Employee allotement is limited upto Rs 2 lakh. Employee are getting Rs 30 advantage. So i am not surprised on response

Skipping because of Paytm, cartrade type of ipo.

Promoters are exiting, nothing else. Don't apply for the issue. Listing gain to bhool jao, if you have such FOMO, you can just buy at listing but that's also not worth it. This share will fall and fall big. I am thinking to exit from Canara Robeco MF after seeing their name in the anchor list.

The company says it listens to customers to design products. It should have listen to investors of paytm, nykaa, cartrade etc. It's a deadly concoction of Anchor investor, QIB, Institutional investor ipo gets sail through

This company is making fool of public. 1.Its book value as on 30.6.23 is 20.29 and IPO price is 324 which is 15.97 times. 2. June 2023 Return on net worth is negative. 3. Promoter selling more than 100 Crores in this IPO. 4. Net capital of the company is less than the IPO proceeds. 5. All the investors want an exit from the company hence everyone is selling which indicates that promoters are not that much reliable. 6. I have never bought these products for my family of personal use. 7. Its products are costlier and there is very big compitition in this space. 8. QIB subscription is very good. 9. Why SEBI is not taking action against valuation. If anyone comes at high valuation then SEBI should give time to show results and then come with an IPO. Its IPO team should be widened.

factually some points are wrong. Have you noticed that large private equity investors are not selling any share. If company is able to make money by selling their product expensive then what can be investors problem?
SEBI has no role in valuation other than checking that all risk factors are highlighted
SEBI does not exist to make investors money in all their investment

Jis bhai ko apne paise dubane ho vo is IPO me full force se invest kar de.
IN-WESTE-MENT

A lot of discussion is going on about this company and it's required. A big size issue with maximum OFS. Depending on ad campaigns to aware the consumers about their products. Means consumers are not well aware of the products.
As a product creator, the Company quotes HUL, MARICO, etc as its peers. However, the company which produces its products via contract manufacturing shares many traits with new age companies.
They follow and listen to consumers and use the data to create new products.
This is also an acid test for direct to consumer companies dreaming to go public.
Mixed reactions have been that many new-age companies like PayTM, Zomato and Nyakaa received from the market.
Listing gains not expected at all. For medium to long-term, this is not the time to think.
Members are all aware of the facts. Not required to educate any one. Learned a lesson from last many such IPOs.
This forum only cannot decide the fate of any IPO. I think so.

OUR TIME IS LIMITED, DON'T WASTE IT LIVING SOMEONE ELSE'S IDEA/ADVICE.

Agreed on all above, will check subscription directly on the last day at 3pm and decide.
Yes its 100% true that, "This forum only cannot decide the fate of any IPO"

Fraud company with no fundamentals or performance to show.
Avoid this issue

People complaining about Mamaearth's PE ratio are the same people holding Jubilant Food, Pidilite, Trent, DMart, Relaxo and other unreasonably valued companies hyped up as portfolio stocks. At least Mamaearth's exponential growth in topline justifies its high valuation, unlike these so-called blue chip companies.

​@MuStrFc Margins were -10% (negative 10%) last year. If they can bring that to positive, I don't see why the margins won't grow further. They have left something on the table, it's just that you won't see it by comparing its PE multiple to that of mature companies. Price-to-sales is an excellent starting point.

​@PKRAJ  Great companies no doubt, but they have been trading at INSANE valuations. How many years do you think it will take for Trent to trade at a PE ratio of 30?

NEW MAINBOARD IPO

ASK AUTOMOTIVE Ltd.

Date : 7-9 November
Size : 29571390 shares ( Full OFS )

Retail : 35 %
FV : Rs.2

Further Details Awaited

I think Protean would be ahead
And then Flair , Motisons

NEW MAINBOARD IPO

PROTEAN E-GOV TECHNOLOGIES

Date : 6-8 November
Size : 6,191,000 shares ( Full OFS )
Retail : 35 %
FV : Rs.10

Financials FY 23 :
PAT - 107 cr ( Fallen From 144 cr )

Q1 FY24 ( June Quarter ) :
Revenue - 233.2 cr
PAT - 27.8 cr

Issue size can be around 500 cr
The IPO is reduced by half
A negative sign
Maybe other selling shareholders are not happy to get an exit in these cheap valuations
Of around 3500 cr

Let's hope that pricing is reasonable
If not then this issue may be a laggard

Simply Avoid. Treat like esa koi IPO aaya hi nhi.

Best comment 👍

Is this PAYTM TYPE lPO?
comments plz

Yes, totally PayTM, LIC type IPO. Not a single USP and exorbitant valuation.
Not understanding why people want to take the gamble with Mama when so many great IPOs are currently running and incoming soon.

A lot of names in the anchor list. This is going to be a real test for mutual funds. If this crashes on the listing or does not recover in the next 1 month (after listing), then we know the mutual funds that are not worth investing. :)

Happy investing.

A Agri-Drone Startup has Filed DRHP with SEBI on SME EMERGE Paltform
Size of the issue is around 120 cr
Don't know why they haven't gone for Mainboard
They could have easily raised 150 cr

Lesser compliance and disclosures as compared to mainboard

This IPO comments is reminding me of Zomato. Some are positive and some are negative, good anchor book and debate about the company.Lets Hope that this company also repeats the listing gain story of zomato.

One line will explain this ipo:
राम नाम की लूट है।
लूट सको तो लूट लो😄

Anchor list 👇

As expected, got exposure through 2 mutual funds.

Other than FII's, amongst DII's its relatively a more insurance heavy and a relatively MF light anchor list at first glance.

Also, amongst MF's most names are either very small MF's or new MF's or laggard MF's with only a couple of renowned and well performing MF's in the list.

Insurance money is more long term and usually with significant lock-ins and heavy exit loads so that may explain why its insurance heavy!

AVOID for me!

Keep minting!

Sharing a post from one of a senior person in the industry who ha sbeen strategic advisor to many corporates and is an Angel investor:
--------------------------------

While there's been a lot of chatter about Mamearth's IPO this month - no one looks at their earlier botched attempt at IPO'ing where they tried to go with a valuation of ₹24,000 cr in Jan 2023 After posting a profit of less than 14 cr in FY 22.

Deservedly, got a backlash and stalled but now back with a ~56% reduction in valuation at ₹ 10,500 cr in just 8-9 months. More importantly, their results came out for FY '23 and the profit is now at 4cr, down ~70%. Technically, it is a loss as they have excluded the 'exceptional item of Rs 154.6 crore towards the impairment loss on goodwill and other intangible assets while calculating profits' whatever that means.....!

As is the case with several D2C startups, ad spending continues to be a big expense. The fact remains that IPO plans have probably kept the firm more conservative than usual in terms of spending for growth, and to stay profitable. Post IPO, that could change yet again, as the firm chases growth with the IPO proceeds, of which Rs 365cr is meant to come to the firm out of which ₹186 cr to meet ad expenses towards enhancing the awareness and visibility of its brands - they still need enhancement but mature enough to go IPO????

So, the question to ask is whether a 4cr Profit company can be valued at 10,000 cr and isn't this a disaster already leaving no value for retail? As is the case with most following the foie gras example; "𝑭𝒐𝒊𝒆 𝒈𝒓𝒂𝒔" is a food that's made from a duck liver that's become abnormally enlarged (from a disease), which is caused by the animal being force-fed large amounts of food. Just like startups force-fed large amounts of VC money in their infancy!! Then what do you do? You extract value from retail for whatever's left - but it's so bloated so much that there's nothing left for all to share!

The question then is also how many companies can enter into the public market, and at what point does the valuation stop making sense? If one looks at recent companies who've IPO'd (globally)– the valuations just didn't make sense and they crashed as there was nothing left - they will rise after some time and give sustained returns rather than the one time "pop". Most companies give returns over a sustained period– 5, 7 or 10 years. Companies like Apple, Microsoft, Amazon had conservative valuations, and as a result, were able to provide returns to shareholders.

Disaster in the making – only the real brave ones should buy this - let institutional fill it and take hits...