- Mega IPO & Valuation: Eyewear retailer Lenskart’s ₹7,278 crore IPO (including a ₹2,150 crore fresh issue and ₹5,128 crore offer-for-sale) opened on Oct 31 and closes Nov 4, priced at ₹382–402 per share [1]. This price range pegs Lenskart’s valuation around ₹70,000 crore (~$8 billion) – lofty by Indian market standards. Allotments are expected by Nov 5–6 and the stock is set to list on Nov 10, 2025 [2].
- Strong Subscription: Investor response has been enthusiastic. The issue was fully subscribed on Day 1 and nearly 1.7× oversubscribed by midday of Day 2 (Nov 3) [3]. Retail investors led the charge – the retail portion was ~2.9× subscribed, outpacing institutional demand [4]. Lenskart also raised ₹3,268 crore from 147 anchor investors a day before the IPO, drawing big names like Singapore’s GIC, T. Rowe Price, BlackRock, Goldman Sachs, Fidelity, and others [5].
- Grey Market Premium (GMP):Unofficial grey-market trading signals listing gains. As of Nov 3, Lenskart’s shares traded around ₹55–65 above the IPO price (a 15–16% premium) [6] [7], implying a potential listing around ₹460–470 per share. While the GMP had spiked to ~30% before the IPO, it cooled to the mid-teens by Day 2 [8] – still indicating positive sentiment. (GMP is an informal indicator of listing day price; actual results may vary.)
- Business & Financials: Founded in 2010, Lenskart is India’s largest omnichannel eyewear retailer, with 2,700+ stores globally (2,067 in India, 656 abroad) [9]. The company designs, manufactures, and sells eyeglasses, sunglasses, and contact lenses under its own brands (e.g. John Jacobs, Vincent Chase) [10]. In FY2025, Lenskart’s revenue jumped ~22% to ₹6,653 crore, and it turned profitable with ₹297 crore net profit (after a loss in FY24) [11]. However, analysts note part of this profit came from a one-time non-cash gain [12] [13], underscoring the importance of sustainable earnings growth.
- Hefty Valuation Concerns: At the top-end ₹402 price, Lenskart commands ~10× FY25 sales and a P/E over 230, which many view as stretched [14] [15]. Even if profits triple in a few years, the stock would still trade around 70× earnings – raising questions about how much upside is left for new investors [16]. Comparisons are being drawn to past high-profile IPOs; notably, Paytm’s 2021 IPO (at $19B valuation) suffered a record crash when lofty future projections didn’t pan out [17]. The key difference: Lenskart is entering the market with visible profits and upbeat grey-market signals, but its rich pricing leaves little margin for error.
- Expert Outlook:Opinions are split. Choice Broking, for example, recommends the IPO only for those with a “higher risk appetite and long-term horizon,” assigning a “Subscribe for Long Term” rating [18]. They see strong growth potential but caution about high valuations and the need for patience. Similarly, SBI Securities notes that at ~₹70,000 crore market cap (10× sales), Lenskart’s pricing is “ideal for long-term plays” but not cheap, and the focus must be on scaling profitability to justify the valuation [19]. On the other hand, some analysts are neutral: “Stretched valuations” temper the enthusiasm despite solid business fundamentals, says Shivani Nyati of Swastika Investmart, who gave Lenskart a ‘Neutral’ rating [20]. The IPO’s decent grey-market premium – despite the steep price – suggests investors are betting on Lenskart more like a fast-scaling tech company than a traditional retailer [21].
- Founder’s Take: CEO Peyush Bansal (known from Shark Tank India) is bullish on Lenskart’s future. He aims for Lenskart to become the “Amazon of eyewear,” leveraging technology and expansion to maintain rapid growth [22] [23]. Bansal highlights Lenskart’s ~90% EBITDA CAGR in recent years and the vast untapped optical market [24]. When pressed about the rich valuation, he responded that his job is to create value for customers (and now shareholders), and ultimately “valuation is what the market decides” [25]. In other words, Lenskart believes it can grow into its valuation – and is letting market demand speak for itself.
IPO Overview: Unicorn Eyewear Retailer Goes Public
Lenskart Solutions’ IPO is one of India’s biggest new-age tech listings this year, riding a wave of IPO mania on Dalal Street. The company – an omnichannel eyewear unicorn – is raising ₹7,278 crore through a combination of new shares and sales by existing shareholders [26]. At the ₹382–402 per share price band, Lenskart would be valued around ₹69,500–70,000 crore (approximately $7.9–8.0 billion) [27]. This makes it among the largest IPOs of 2025 in India, in line with other big-ticket listings amid a record year for fundraising [28].
Issue structure: About ₹2,150 crore worth of fresh equity is being issued to fuel Lenskart’s growth plans, while existing investors are offloading roughly 12.8 crore shares (₹5,128 crore at upper band) via an Offer for Sale [29]. Major early backers like SoftBank, Temasek, and Kedaara Capital are partially cashing out [30], booking profits on a successful startup bet. Co-founder Peyush Bansal will also dilute a small part of his stake. Despite these sell-offs, all key stakeholders are retaining significant holdings post-IPO, signaling confidence in the company’s long-term story.
Timeline: The IPO opened for subscription on Oct 31 and closes on Nov 4, 2025 [31]. Allotment finalization is expected by Nov 5–6, with refunds (if any) by Nov 7 and demat credit of shares by Nov 9 [32] [33]. Lenskart is set to debut on the NSE and BSE on November 10, 2025 [34]. The listing will mark the first time public investors can own a piece of Lenskart’s equity – a milestone 13 years in the making for the company.
Anchors and investor mix: Lenskart’s offering saw a robust anchor book. On October 30, the company raised ₹3,268.4 crore from a who’s-who of institutional investors, allocating shares to 147 anchor investors [35]. The anchor list included top global funds such as the Government of Singapore (GIC), T. Rowe Price, BlackRock, Goldman Sachs, Fidelity, Nomura, Wellington, and sovereign wealth funds, among others [36]. This strong anchor participation – taking up a substantial portion of the QIB (Qualified Institutional Buyer) quota – provided a vote of confidence and set the stage for a brisk public subscription.
Notably, the IPO’s allocation quotas reflect SEBI’s regulations for large issues. QIBs have the lion’s share – reportedly around 75% reserved for institutions [37] (including the anchor portion) – given Lenskart’s status as a recently-profit-making startup. Non-institutional (HNI) investors have about 15% and retail investors around 10% of the issue allocated [38]. (In absolute terms, roughly 6.32 crore shares are earmarked for retail buyers [39], representing the public lot of the offer.) This skew toward institutional allocation underscores that big money had to show up for the IPO to succeed – which it clearly did via anchors and Day 1 bidding.
Investor Response: Hefty Demand Despite Price Tag
Despite skeptics fretting about its rich valuation, Lenskart’s IPO has seen robust demand from all investor categories. On the very first day (Oct 31), the issue was fully subscribed – an early sign of strong interest [40] [41]. By the second day of bidding (Nov 3), subscription levels only swelled further:
- Overall Subscription: ~1.7 times the offer size by midday Day 2 [42], according to exchange data. (The final subscription figures will be known after Nov 4, but interim data show substantial oversubscription already.)
- Retail Investors: The retail portion leads the pack, bid ~2.8–2.9× over its quota by Day 2 [43]. Lenskart has struck a chord with retail buyers, perhaps owing to its brand popularity and accessible price lot (₹14,874 minimum investment for one lot of 37 shares [44]). Many Indian retail investors also recall Peyush Bansal’s TV persona, which may have bolstered enthusiasm.
- Qualified Institutional Buyers: QIBs (mutual funds, FIIs, banks, etc.) had subscribed about 1.4–1.5× their portion by Day 2 [45]. Considering 50%+ of the issue (excluding anchors) was set aside for QIBs, a 1.5× oversubscription here represents hefty absolute demand. It indicates that many institutional investors are willing to bet on Lenskart’s long-term growth story, even at high multiples.
- Non-Institutional/HNI: The HNI portion (large individual investors, corporates) was around fully booked (roughly 1.4× by Day 2) [46]. This category often includes wealthier investors who look for listing pops; their full subscription suggests they too anticipate at least short-term gains.
Market observers note that retail frenzy for Lenskart resembles other consumer-tech IPOs (like Nykaa or Zomato earlier) where everyday investors rushed to own a piece of a well-known new-age brand. The hefty anchor book and day-one QIB interest likely gave retails the confidence that “smart money” is backing the issue, overriding some valuation anxiety.
Grey Market Premium trend: Adding to the positive sentiment is the grey market activity around Lenskart. The grey market premium (GMP) – the extra price unofficially paid for IPO shares before listing – has been fluctuating but generally in positive territory. A few days before the IPO, Lenskart’s GMP peaked around ₹120 (nearly 30% above the IPO price) amid initial excitement [47]. As the issue opened and more realistic pricing set in, the GMP settled in the ₹70–94 range (roughly 17–23% premium) [48]. By November 3, the GMP cooled further to about ₹56–65, equating to a ~15–16% uplift over the ₹402 issue price [49] [50]. In practical terms, traders expect Lenskart’s stock to list around ₹460–470.
This implies moderate but solid listing gains if the grey market is an accurate guide. Importantly, a positive GMP indicates investors foresee upside on debut, countering fears of an immediate flop. For context, during Paytm’s ill-fated IPO in 2021, the grey market premium had turned negative before listing – a harbinger of the stock’s 27% plunge on listing day. In Lenskart’s case, the healthy GMP suggests a debut pop is likely, although the premium has tapered off as the initial hype meets valuation reality.
“The grey market is looking at Lenskart more like a tech/consumer platform that can scale, rather than a stodgy eyewear retailer,” observes Shravan Shetty, Managing Director at Primus Partners [51]. The fact that any premium exists despite Lenskart’s expensive pricing “indicates that the market is viewing it as a technology company which can scale rapidly,” he notes [52]. Still, analysts caution that the GMP is an informal indicator; it can swing sharply and isn’t a guarantee of post-listing performance [53].
Bottom line: the demand momentum is clearly in Lenskart’s favor as of now. Barring any last-minute surprises or market volatility, Lenskart’s IPO is on track to close with an oversubscription and to debut at a premium. The real test will come after the initial listing pop – will investors hold the stock for the long haul, and will fundamentals justify the excitement?
Company Profile: From Startup to Eyewear Giant
Lenskart’s journey from a niche startup to a dominant industry player is a big part of its appeal. Founded in 2010 by Peyush Bansal, the company started as an online seller of contact lenses and eyewear. Over the years, it embraced an omni-channel model – combining online sales with an expanding network of physical retail stores across India and abroad [54]. Today, Lenskart is often hailed as one of India’s premier direct-to-consumer (D2C) success stories in retail.
Global footprint: As of March 2025, Lenskart operates over 2,723 stores worldwide, including 2,067 stores in India and 656 international outlets [55]. It has a presence in Southeast Asia, the Middle East, and recently entered Japan – markets with huge demand for vision correction (Bansal calls them among “the world’s most myopia-affected” regions) [56]. This global push sets Lenskart apart from many Indian startups that focus purely on the domestic market. The company has also built a centralized supply chain and manufacturing facility (in Bhiwadi, Rajasthan) to efficiently support its far-flung retail network [57]. According to its RHP, Lenskart’s integrated supply and production system helps keep costs down and quality up, enabling it to treat eyewear as a scalable “fast fashion” category [58].
Product range and brand: Lenskart sells prescription eyeglasses, sunglasses, contact lenses, and accessories. It has developed in-house brands such as John Jacobs, Vincent Chase, and Lenskart Air to offer stylish frames at various price points [59]. Innovation is a focus – the company introduced ~105 new eyewear collections in FY25 alone, including collaborations with fashion labels [60]. It’s also leveraging technology: for instance, Lenskart has launched AI-powered eye tests in stores to address the optometrist shortage and is experimenting with smart eyewear. In partnership with Qualcomm, it’s developing AI-driven smart glasses, aiming to own the full tech stack from hardware to software [61] [62]. This tech-driven approach underpins Bansal’s vision for Lenskart to become the “Amazon of eyewear” – i.e., a one-stop platform dominating the eyewear space through innovation and scale [63].
Financial performance: Lenskart’s topline growth has been impressive. In the fiscal year ending March 2025, the company reported revenue of ~₹6,653 crore, up about 22–23% year-on-year [64]. This growth reflects both same-store sales momentum and new store openings. More significantly, Lenskart swung to a net profit of ₹297 crore in FY25, a notable improvement from a loss in FY24 [65]. The move into profitability marks a coming-of-age for the startup, proving it can make money at scale (unlike some tech unicorn peers still in the red).
However, analysts have dissected the quality of these earnings. Financial Express reports that around ₹167 crore of the FY25 profit came from a non-cash accounting gain [66] – likely an exceptional item or one-time income. Stripping that out, underlying profits were modest. This nuance explains why Lenskart’s EBITDA margin and unit economics are under scrutiny. The company’s EBITDA grew at ~90% CAGR recently, as the CEO highlighted [67], but sustaining high margins in retail is challenging. Lenskart will need to keep improving its operational efficiency (through tech and supply chain integration) to bolster future profits.
On the balance sheet front, the IPO’s fresh funds will strengthen Lenskart’s capital for expansion. The use of proceeds from the ₹2,150 crore fresh issue is earmarked largely for growth initiatives [68]:
- Around ₹273 crore for opening new company-owned stores across India.
- Approximately ₹591 crore to fund the lease/rental costs of existing stores (indicating a push to expand presence by taking more retail space).
- About ₹213 crore to upgrade technology and infrastructure – likely for improving the online platform, supply chain IT systems, and in-store tech like AI eye exams.
- Roughly ₹320 crore for brand marketing to keep Lenskart’s name at the forefront as competition heats up [69].
- Any remaining funds for general corporate purposes.
These investments are aimed at driving the next leg of growth and defending Lenskart’s market share against potential rivals (both offline chains and online upstarts). With an estimated 600 million Indians needing vision correction and the market still largely unorganized, Lenskart sees ample runway. Its challenge will be executing this expansion efficiently without eroding margins.
Valuation Debate: Is Lenskart Overpriced or Future-Proof?
The valuation of Lenskart’s IPO has been the hottest talking point in market circles. At ~₹70,000 crore market cap for a company with ₹6,653 crore revenue and ₹297 crore profit, there’s no doubt Lenskart is asking investors to pay a premium for growth. How steep is the premium? By traditional metrics, very. The IPO pricing implies a price-to-earnings (P/E) ratio of roughly 230× based on FY25 earnings [70]. Even if one uses optimistic forward earnings, the multiple remains high – for instance, if Lenskart somehow triples its profit in a few years, it would still trade at ~70× earnings according to calculations posed to the CEO in a TV interview [71].
Likewise, the price-to-sales ratio is about 10× (i.e. ₹70k cr value vs ₹7k cr revenue) [72]. For context, Indian stock markets usually value established retail companies at far lower multiples. Even fast-growing consumer tech firms like Nykaa or Zomato listed at lower P/S ratios. This rich pricing has led to concerns that a lot of future growth is already “priced in” to Lenskart’s stock.
Analyst warnings: Several experts have flagged Lenskart’s valuation as “significantly high” [73]:
- Sunny Agrawal, Head of Research at SBI Securities, notes that at the upper band, Lenskart’s market cap is ~₹70k crore, which is about 10 times last year’s sales. “At a 10x sales multiple, valuations are stretched from a medium-term perspective,” he says [74]. Agrawal does acknowledge Lenskart’s strong business model and progress on the ground, but cautions that at this price, the stock is suitable only for those looking at the long-term play in retail eyewear [75]. In his view, scaling up profitability to global peer levels will be the critical factor to watch going forward [76].
- Many point out that Lenskart’s ask is akin to valuing it as a tech platform rather than a retailer, which can be risky if growth falters. “No doubt the company has made solid on-ground progress. However, at the current price, [Lenskart] is ideal for those looking at long-term plays… The key metrics to track will be the ability to scale profitability in line with international peers,” Agrawal adds [77].
- Another red flag for some is the profit composition. As mentioned, ~₹167 cr of Lenskart’s FY25 profit was an accounting gain [78]. Excluding that, the effective P/E would be even higher. Investors are effectively betting that earnings will grow exponentially to justify the valuation, an assumption that carries execution risk.
The Paytm parallel: Skeptics can’t help but recall the cautionary tale of Paytm’s IPO. Paytm (One97 Communications) went public in 2021 with a massive ₹18,300 crore IPO at a $19 billion valuation, despite being a highly loss-making fintech at the time [79]. Big-name investors (Alibaba, SoftBank) sold shares in that OFS-heavy IPO, similar to how SoftBank and others are selling in Lenskart’s issue [80]. Paytm’s IPO was hyped, but it was valued on future potential rather than current profits – and when interest rates rose and sentiment soured, the stock plunged 27% on listing day, marking one of India’s worst debut crashes [81]. Over the next year, Paytm lost over 60% of its value from the IPO price, hurting investors’ confidence in high-valuation tech floats.
The question being asked is: Could Lenskart be another Paytm, or will it vindicate its pricing? In fairness, there are differences. Unlike Paytm, Lenskart has a clear, focused business model (selling eyewear) with tangible revenues and actual profits. Its unit economics are more straightforward – selling products at a markup – versus Paytm’s complex, cash-burning fintech model. Moreover, Lenskart’s IPO has seen genuine investor enthusiasm (oversubscription and positive GMP), whereas Paytm’s was met with more skepticism by the public (Paytm’s grey market premium had actually turned negative before listing [82]). That said, both companies share the trait of lofty valuations based on future growth.
If Lenskart fails to keep up its growth momentum or falters in expanding margins, there is a risk the stock could stagnate or even slide post-listing as reality catches up with expectations. The expensive valuation leaves little room for disappointment – any slowdown in store expansion, any hit to profitability (e.g. from rising costs or competition), could trigger a market re-rating of the stock.
On the flip side, if Lenskart executes well, it could eventually grow into its valuation. The Indian eyewear market is under-penetrated (millions of first-time eyeglass users will emerge as awareness increases), and Lenskart is the market leader with a strong brand. It also has international growth avenues. These factors might justify a premium valuation if the company delivers consistent 20–30% growth with improving margins for years to come. Essentially, bulls argue that Lenskart is pricing itself like a tech-enabled retail platform that will dominate its niche – and if that thesis plays out, today’s valuation could appear reasonable in hindsight.
For now, the consensus among most analysts is cautious optimism: they like Lenskart’s business and growth prospects but feel the IPO price leaves limited upside in the near term. As Mumbai-based investment adviser Sandip Sabharwal summed up on social media, “Lenskart IPO – good company, pricey stock. Listing pop likely, but long-term investors should moderate return expectations.” (Sabharwal’s view echoes the general market sentiment, though individual opinions vary.)
Expert Recommendations: Bulls vs. Bears
Brokerages and advisors have issued mixed recommendations on the Lenskart IPO, reflecting the valuation debate. Here’s a roundup of notable opinions:
- Choice Broking: The brokerage assigned a “Subscribe for Long Term” rating, essentially advising only investors with a high risk appetite and patience to participate [83]. In its IPO note, Choice Broking acknowledged Lenskart’s strong growth trajectory and market leadership, but flagged the high valuations and profitability risks. “Given its strong growth potential but high valuation and profitability risks, this offering is best suited for investors with a higher risk appetite and a long-term investment horizon,” the note stated [84]. In other words, don’t expect quick multibagger returns – treat Lenskart as a long-term growth stock.
- Swastika Investmart (Shivani Nyati): Swastika’s Head of Wealth, Shivani Nyati, took a neutral stance on the IPO due to the steep pricing [85]. She noted that while Lenskart has solid fundamentals – a strong brand, wide omni-channel presence, and a growing sector – the valuations are demanding. Thus, Swastika did not give an outright “subscribe” and instead suggested investors could wait for a better price or monitor post-listing performance. This cautious approach underscores the concern that much of the good news is already factored into the IPO price.
- Primus Partners (Shravan Shetty): Shetty observed that Lenskart has attracted high market interest and that the “decent GMP despite elevated valuations” implies investors are viewing it through a tech-growth lens [86]. He pointed out Lenskart’s omni-channel reach and aggressive international expansion as key differentiators supporting its hefty Rs 70,000 crore price tag [87]. However, he also implied that investors must examine sustainability – whether Lenskart’s unit economics and margins can withstand rising costs and global competition [88]. The long-term success will depend on Lenskart maturing from a high-growth startup to a sustainable, profitable business [89]. This nuanced view acknowledges the company’s strengths but also its execution risks.
- Vibhavangal Anukulakara (Siddharth Maurya): Siddharth Maurya, an investment firm founder, echoed similar sentiments. He lauded Lenskart’s omnichannel model and expansion, noting these are “obvious differentiators” that merit a premium [90]. But he cautioned that investors must look at unit economics and the ability to maintain margins amid increasing operational costs and competition [91]. “Sustained profitability and capital prudence will decide if Lenskart matures from a high-growth startup into a sustainable listed business,” Maurya said [92]. This highlights that after the IPO cash infusion, the onus is on Lenskart’s management to deliver consistent financial performance.
- Market veterans: Some seasoned investors have drawn parallels to past IPOs. A common refrain is that Lenskart at ₹402 is priced for perfection – any slip-up could pressure the stock. Yet, given the strong brand equity and growth, a number of fund managers have indeed bought in (as seen in the anchor book). In a rare move, one domestic fund house (DSP Asset Managers) publicly defended its anchor investment in Lenskart, indicating they see long-term value despite the high entry price (this kind of public defense is unusual in India, underscoring the buzz around Lenskart). The DSP fund manager reportedly argued that Lenskart’s growth prospects and market dominance justify taking a bite at the IPO, even if near-term valuations appear rich.
It’s worth noting that none of the major brokerages outright advised “avoid” – a testament to Lenskart’s standing as a well-run company. The debate is more about when to buy rather than if to buy. For those who do get IPO allotment, most analysts suggest holding the stock for the long term rather than flipping on listing day, unless the listing price shoots far beyond the fundamentals. As always, investors should align decisions with their financial goals and risk tolerance.
Stock Price Outlook: Listing Day and Beyond
All eyes are now on November 10, 2025, when Lenskart’s shares debut on the stock exchanges. Based on the current grey-market trend and oversubscription levels, Lenskart is expected to list at a premium to its IPO price. A reasonable expectation is in the range of 10–20% above ₹402 – i.e. roughly ₹440 to ₹480 – given the GMP of ~15% in the final days of the offer [93] [94]. If market conditions remain stable and no negative surprises emerge, a pop in that range would not be surprising.
However, what happens after the initial pop is where opinions diverge:
- Optimistic scenario: Lenskart could continue to attract investor interest, especially if it’s seen as a unique consumer tech play in India’s markets. There is no other pure-play listed eyewear retailer of comparable scale; thus, Lenskart could enjoy a scarcity premium. Its strong brand recognition (helped by heavy marketing and Bansal’s public profile) might also drive retail investor affinity. In a bullish case, the stock might rally further post-listing, as momentum investors pile in, pushing valuations to even higher multiples (not unheard of in past tech IPOs that caught frenzy). Additionally, if early earnings reports post-IPO show robust growth, it can reinforce the growth narrative and support the stock price.
- Cautious scenario: Once listed, Lenskart will be judged by quarterly results and actual performance rather than just hype. Any sign of growth slowdown, margin pressure, or store expansion hurdles could make investors re-assess. Given the rich valuation, the stock might trade range-bound or even see profit-booking by institutional investors if it overshoots too much on day one. Some analysts worry that after the initial excitement, valuation reality may temper the stock’s trajectory – similar to how stocks like Nykaa or Zomato saw strong listings but then cooled off over subsequent months when markets questioned their earnings. If broader market sentiment turns weak or risk-appetite diminishes, high-P/E stocks like Lenskart are often the first to correct.
It’s instructive that Lenskart’s CEO and early investors are largely holding onto shares post-IPO (apart from the planned OFS portion). This indicates they expect more value to accrue in the future. Notably, Peyush Bansal will remain a significant shareholder (around ~9% stake after the issue) and would become a billionaire on paper if Lenskart’s stock trades above ~₹510 [95]. Clearly, the insiders are betting on long-term value creation rather than a quick exit.
For retail investors, the stock’s forecast depends on one’s time horizon:
- In the short term (days to weeks), momentum could carry Lenskart higher, but gains might be limited by the already-high pricing. A debut around ₹460–470 (or higher if the frenzy is strong) could be followed by volatility as the market digests the new listing. It wouldn’t be surprising to see the price oscillate as traders book profits and long-term investors take positions.
- In the long term (years), Lenskart’s share price will likely follow the company’s financial performance. If the company can consistently deliver 20%+ revenue growth, expand its store network profitably, and perhaps even enter new product categories like smart glasses successfully, then earnings will grow into the valuation. In that scenario, the stock could compound returns and even exceed its IPO price significantly over time. Conversely, if growth stalls or competition eats into margins, the stock could languish below its issue price, as we’ve seen with some over-hyped IPOs historically.
Bottom line: On listing day, investors can expect a positive start for Lenskart’s stock given the current indicators [96]. Market experts advise watching not just the listing pop but the follow-through: does the stock hold its gains and build on them, or does it fade after initial euphoria? The first few earnings announcements will be crucial to justify the optimism. As one expert put it, “The IPO gets Lenskart a high valuation. Now Lenskart has to live up to it.”
Sources:
- Moneycontrol News – Lenskart IPO Day 2 Live Updates & Analysis [97] [98] [99] [100] [101]
- Financial Express – Lenskart IPO Live Subscription Updates & Expert Quotes [102] [103] [104] [105] [106]
- Financial Express – “Will Lenskart go the Paytm way?” (Valuation vs GMP analysis) [107] [108] [109]
- Reuters – “India’s Lenskart eyes $8B valuation, aims to be Amazon of eyewear” [110] [111] [112]
- Moneycontrol (Debaroti Adhikary) – “Lenskart IPO subscribed 150% on Day 2… Should you apply?” [113] [114] [115]
References
1. www.financialexpress.com, 2. www.financialexpress.com, 3. www.financialexpress.com, 4. www.financialexpress.com, 5. www.moneycontrol.com, 6. www.moneycontrol.com, 7. www.financialexpress.com, 8. www.financialexpress.com, 9. www.financialexpress.com, 10. www.financialexpress.com, 11. www.financialexpress.com, 12. www.financialexpress.com, 13. www.financialexpress.com, 14. www.financialexpress.com, 15. www.moneycontrol.com, 16. www.moneycontrol.com, 17. www.financialexpress.com, 18. www.financialexpress.com, 19. www.financialexpress.com, 20. www.moneycontrol.com, 21. www.moneycontrol.com, 22. www.reuters.com, 23. www.reuters.com, 24. www.moneycontrol.com, 25. www.moneycontrol.com, 26. www.financialexpress.com, 27. www.reuters.com, 28. www.reuters.com, 29. www.financialexpress.com, 30. www.reuters.com, 31. www.financialexpress.com, 32. www.moneycontrol.com, 33. www.moneycontrol.com, 34. www.financialexpress.com, 35. www.moneycontrol.com, 36. www.moneycontrol.com, 37. www.financialexpress.com, 38. www.financialexpress.com, 39. www.moneycontrol.com, 40. www.moneycontrol.com, 41. www.moneycontrol.com, 42. www.financialexpress.com, 43. www.financialexpress.com, 44. www.moneycontrol.com, 45. www.financialexpress.com, 46. www.financialexpress.com, 47. www.financialexpress.com, 48. www.financialexpress.com, 49. www.moneycontrol.com, 50. www.financialexpress.com, 51. www.moneycontrol.com, 52. www.moneycontrol.com, 53. www.financialexpress.com, 54. www.reuters.com, 55. www.financialexpress.com, 56. www.reuters.com, 57. www.financialexpress.com, 58. www.moneycontrol.com, 59. www.financialexpress.com, 60. www.financialexpress.com, 61. www.reuters.com, 62. www.reuters.com, 63. www.reuters.com, 64. www.financialexpress.com, 65. www.financialexpress.com, 66. www.financialexpress.com, 67. www.moneycontrol.com, 68. www.financialexpress.com, 69. www.financialexpress.com, 70. www.moneycontrol.com, 71. www.moneycontrol.com, 72. www.financialexpress.com, 73. www.moneycontrol.com, 74. www.financialexpress.com, 75. www.financialexpress.com, 76. www.financialexpress.com, 77. www.financialexpress.com, 78. www.financialexpress.com, 79. www.financialexpress.com, 80. www.financialexpress.com, 81. www.financialexpress.com, 82. www.financialexpress.com, 83. www.financialexpress.com, 84. www.financialexpress.com, 85. www.moneycontrol.com, 86. www.moneycontrol.com, 87. www.moneycontrol.com, 88. www.moneycontrol.com, 89. www.moneycontrol.com, 90. www.moneycontrol.com, 91. www.moneycontrol.com, 92. www.moneycontrol.com, 93. www.moneycontrol.com, 94. www.financialexpress.com, 95. m.economictimes.com, 96. www.moneycontrol.com, 97. www.moneycontrol.com, 98. www.moneycontrol.com, 99. www.moneycontrol.com, 100. www.moneycontrol.com, 101. www.moneycontrol.com, 102. www.financialexpress.com, 103. www.financialexpress.com, 104. www.financialexpress.com, 105. www.financialexpress.com, 106. www.financialexpress.com, 107. www.financialexpress.com, 108. www.financialexpress.com, 109. www.financialexpress.com, 110. www.reuters.com, 111. www.reuters.com, 112. www.reuters.com, 113. www.moneycontrol.com, 114. www.moneycontrol.com, 115. www.moneycontrol.com
