Mamaearth IPO opens for subscription: Should you bid or skip?

The initial public offering (IPO) of Honasa Consumer Limited, the company behind the popular brand Mamaearth, opened for subscription on Tuesday. Investors will be able to subscribe to the issue till November 2.

As the IPO opened for subscription today, several investors are wondering whether they should subscribe to the IPO or skip it in the wake of volatile market conditions. It has garnered mixed reviews from analysts, especially due to its relatively high valuation.

The IPO’s price band is set at Rs 308-324 per share, implying a valuation of approximately Rs 10,500 crore at the upper end of the range.