Lenskart's ₹70,000cr IPO is drawing big-ticket investor interest
Lenskart's ₹70,000cr IPO is getting a lot of attention from both Indian and global investors. The offer, open till November 4, includes fresh shares and a big chunk for sale by existing holders.
Even though the valuation is steep—10x sales and 230x next year's earnings—investors seem drawn in by Lenskart's stronger financials and leading spot in the eyewear market.
Mutual funds are betting on Lenskart's growth story
Big names like the Government of Singapore and SBI Mutual Fund are backing the IPO.
DSP Mutual Fund highlighted Lenskart's robust business model, while others say its strong unit economics make it worth watching, even at a high price.
With revenue now at ₹6,652.5cr and profits bouncing back after earlier losses, many see Lenskart as more than just an eyewear brand—it's shaping up to be a major growth story.