Mama Earth IPO
Company was in loss for 3 years and suddenly became profitable in 2023.
IPO Offer price: ₹325
Today's price: ₹271
Lenskart IPO
Company was in loss for 3 years and suddenly became profitable in 2025.
BoAt was in loss, turned profitable this year and is planning to launch IPO soon.
Sugar Cosmetics also in loss, planning to show profit and launch IPO in 2026.
Weird how companies turn profitable just 1 year before IPO. SEBI should regulate this, allow IPO only if company is profitable for at least 5 years.
One thing is common, they all are Shark Tank judges preaching business ethics on TV.
