Lenskart's IPO: High Valuation, Poor Debut
Update: 2025-11-10
Description
Lenskart, an Indian eyewear retailer, experienced a significant drop in share price on its first day of trading in Mumbai, following a massive fundraising effort. The companys IPO valued it at 238 times its earnings, sparking discussions about the sustainability of Indian startup valuations. Despite high demand from institutional investors, Lenskarts poor debut puts it on track for one of the worst IPO performances in India this year. The companys valuation now stands at approximately 700 billion rupees, surpassing several well-known Indian consumer companies. This situation underscores the ongoing debate about the true value of rapidly growing tech companies in emerging markets and the risks associated with their high IPO prices.
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