From the valuation conundrum of IPO-bound companies to Manoj Bajpayee's journey in Indian film industry, here are our most popular stories of the week
Every week, catch up on the best long form stories from Forbes India. Often peppered with our binge-worthy podcasts, videos or infographics too. Image: Shutterstock
1) What's in a valuation?
As stock markets skyrocketed to record levels in 2020 post-lockdown, companies rushed to get listed, but most analysts and investors felt those issues came at steep valuations. The issue has surfaced one more time after Honasa Consumer, which runs the popular personal skincare brand Mamaearth, filed its DRHP. The company is looking to raise Rs400 crore through a fresh issue of shares, apart from an offer for sale (OFS) of around 4.7 crore shares. According to a Reuters report, the company is valued at $3 billion or roughly Rs24,000 crore. Based on a net profit of Rs14 crore in FY22, its price-to-earnings (PE) ratio works out to 1,714.28 times. Mamaearth’s DRHP comes at a time when stock markets have turned volatile with the abundant liquidity drying up as central banks around the world are hiking interest rates. But what's caught the attention is the debate around the company's valuation. Read more
2) Making medicines pocket-friendly