🚀 𝗟𝗲𝗻𝘀𝗸𝗮𝗿𝘁 𝗜𝗣𝗢: 𝗧𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀 𝗧𝗵𝗮𝘁 𝗠𝗮𝘁𝘁𝗲𝗿
🚀 𝗟𝗲𝗻𝘀𝗸𝗮𝗿𝘁 𝗜𝗣𝗢: 𝗧𝗵𝗲 𝗡𝘂𝗺𝗯𝗲𝗿𝘀 𝗧𝗵𝗮𝘁 𝗠𝗮𝘁𝘁𝗲𝗿 Lenskart is launching India 's most ambitious eyewear IPO with a ₹7,278 crore issue at ₹382-₹402 per share, claiming a ₹70,000 crore valuation but here's the twist worth noting. 𝗧𝗵𝗲 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗦𝘁𝗼𝗿𝘆 At the upper price band, Lenskart commands a staggering 237𝘹 𝘗𝘌 𝘳𝘢𝘵𝘪𝘰, compared to established retail giants like Titan at 85-110𝘹. The company only turned profitable in FY25 with ₹297 𝘤𝘳𝘰𝘳𝘦 𝘯𝘦𝘵 𝘱𝘳𝘰𝘧𝘪𝘵 (𝘢𝘧𝘵𝘦𝘳 𝘭𝘰𝘴𝘴𝘦𝘴 𝘪𝘯 𝘍𝘠23-24). This makes the math challenging for conservative investors. 𝗧𝗵𝗲 𝗣𝗿𝗼𝗺𝗼𝘁𝗲𝗿 𝗣𝗹𝗼𝘁 Only ₹2,150 crore of the ₹7,278 crore is fresh capital. The remaining ₹5,128 crore is offer for sale existing shareholders cashing out. Founder Peyush Bansal alone is offloading shares worth ₹825 crore, just three months after buying shares at an ₹8,500 crore valuation. That's an 8.2𝘹 jump in 90 𝘥𝘢𝘺𝘴. 𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁'𝘀...