lenskart ipo
The listing of the company in the stock market was seen in a much calmer manner than the explosive IPO of Lenskart. The company’s shares were listed with a decline of about 3 percent from the issue price. If we look at the figures, the company’s shares were listed on BSE at Rs 390, which is about 3 percent less than the issue price.
On the other hand, the company’s shares were listed on NSE at Rs 395, down by Rs 7. The listing comes after a volatile week in the gray market, where the share premium – which had once reached Rs 108 – dropped to zero just before the debut, indicating uncertainty over near-term profits despite strong buying by investors.
The IPO of Rs 7,278 crore received tremendous response from investors. The company’s IPO was subscribed 28 times in total. QIBs were subscribed the most at 45 times, while shares of non-institutional investors and retail investors were also booked several times. Despite good demand, the high valuation of the IPO raised questions about its ability to deliver meaningful listing gains, which in a way proved to be correct.
How was the company’s revenue?
Before the IPO, the financial performance of Lenskart was quite good. The company had revenue of Rs 6,652 crore in FY25, up 32.5 per cent year-on-year, and net profit of Rs 297 crore, partly contributed by a one-time gain of Rs 167 crore from the Ondaze acquisition. After adjusting for this, normalized profit stood at around Rs 130 crore, indicating a modest net margin of less than 2 per cent. The company’s EBITDA margin increased to 14.7 percent in fiscal year 2025.
What are the experts saying?
Analysts say the company’s strong omnichannel presence, digital-first strategy and centralized manufacturing provide scalability, but investors will keep a close eye on margin growth and profitability trends in the coming quarters. The long-term theory still holds, but most brokerage firms say valuations have already assumed a lot of upside and the next phase of revaluation will depend on execution and not sentiment.
At the time of listing, the market capitalization of Lenskart was seen to be more than Rs 68 thousand crores. While early investors may be disappointed by the lack of any movement in the listing, analysts believe that the company’s long-term opportunities in India’s Rs 50,000 crore eyewear market, coupled with its growing reach in the organized retail sector, could prove to be a bargain for long-term investors.
stock market boom
On the other hand, there is a boom in the stock market. Where Sensex is trading with a gain of 435 points at 10:35 am. During the trading session, Sensex also reached 83,663.96 points with a rise of 447.68 points. Apart from this, the main index of National Stock Exchange Nifty is also trading at 25,607.15 points with a rise of 117.90 points. Which reached 25,625.25 points with a rise of about 140 points. If experts are to be believed, we may see a rise in the stock market in the coming days.