Mamaearth's Parent Company's IPO Falls Flat

Mamaearths parent company Honasa Consumer finally entered the Stock Market

What's good my IPO-loving peeps!

Mamaearth's parent company Honasa Consumer finally entered the stock market today with its much-hyped initial public offering on the National Stock Exchange of India.

You know Mamaearth - they sell all those natural beauty products and stuff.

But hold up, it wasn't exactly a blazing debut. The stock price has basically just been chilling at the same level it opened at.

Talk about starting off with a whimper!

From Spicy Hopes of $3 Billion to Uncertainty at $1.5 Billion Amidst Shaky Market Sentiment

They originally hoped to be valued at a spicy $3 billion but back in December already lowered that to around $1.5 billion.

With the market being kinda bumpy lately, looks like investors are still on the fence about whether Honasa is a hot stock or not.

Revenue soars to $179 Million, Profits Plunge 71%, Make Investors Cautious Amid Muted Debut

The company did rake in a solid $179 million in revenue last year though, so they're definitely growing at a decent clip.

But profits slid down 71% which is probably worrying some investors.

Let's see if Honasa can get investors more pumped up and turn up the volume on their stock price.

But for now, it's been a lukewarm, low-key entrance to the public markets.

Not exactly the wild stock party they probably hoped for.