Lenskart seeks ₹70,000 Cr Valuation in IPO; What’s the sentiment?
Lenskart is one of the most popular brands and India’s largest eyewear retailers. The company is heading towards its Initial Public Offering (IPO) on October 31, 2025. But the valuation Lenskart is looking for would make it one of the biggest listings of 2025, valued at ₹70,000 crore in value.
How much they are raising? The stake, in an offer for sale (OFS), is estimated to be around ₹5,128 crore. The company looks to combine physical locations with online experiences, and with the new funds, it aims to increase the availability of eyewear throughout the country. This IPO may be a key step along the way.
What do the fundamentals of Lenskart look like?
Lenskart shares are premium at value, has a price band of ₹382 – ₹402 per share and the company is valued around ₹70,000 Crores. The company’s financials show that its revenue grew from ₹5,428 crore in FY24 to ₹6,653 crore in FY25 — a 22.6% year-on-year growth. What is interesting is that Lenskart also turned around from a net loss of ₹10.1 Crores in FY24 to booking Net Profit of ₹297.3 Crores in FY25, representing an almost dazzling ~ 3028% jump in its profits!
Net margin for the firm is in the range of around 4 - 5%. The stock’s IPO and earnings P/E is expected to be 230x for FY25. Investors may notice that the company’s financial metrics are improving, ROCE and RoNW too could show sign of efficient business operations, while higher Leverage ratio would indicate slighlty less balanced performance.
What are the expectations from the company?
Lenskart has been showing healthy financial turnaround and growth special thanks to elements such as proprietary technology and vertical integration. It has a large brick-and-mortar and online presence, which will be powered by advances such as AI-based try-on features and remote eye exams.
Market analysts expect that the additional capital from the fresh issue will help the company in store expansion, strengthening supply chain capabilities and marketing which could boost its revenue in future. However, risks related to high competition, changing consumer preferences, and cost pressures remain.
Public sentiment seems to be mixed in the market. Many retail investors are excited by Lenskart’s growth story and IPO gains; however, financial experts advise closely watching the post-listing performance and share price volatility. The high price band and large OFS raise questions about long-term investor commitment and liquidity post-listing.
What do people think about this IPO?
The IPO’s pricing and structure have received mixed reactions. Institutional & HNI investors appreciate Lenskart’s clear growth plan and market leadership, as evidenced by strong subscription interest from investors such as SBI Mutual Fund and Radhakishan Damani in pre-IPO transactions. Retail investors who are required to make a minimum investment of around ₹15,000 are weighing it against other upcoming public issues and market conditions to maximise their returns in listing gains.
Furthermore, more than 70% of the incoming funds shall go to the sellers upon their exit, which has raised debate among market watchers about confidence levels in the promoters. However, the company’s commitment to deploying fresh funds towards aggressive growth and technology investments reassures many about its strong strategy.
Will the IPO be a hit or a flop?
Lenskart’s IPO will open for subscription on October 31. But since the time the company filed its RHP, investors and market watchers have been asking questions like:
- Will the company maintain its growth momentum amidst the competition?
- Can the fresh infusion of funds improve its profitability and sustain market leadership?
- How will the shares perform post-listing in a volatile market?
These are some important questions that only time will answer. Lenskart’s IPO promises to be a landmark event in India’s consumer retail space, but given its valuation premium, the market's verdict is eagerly awaited.
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