"Lenskart shares recovered after a soft start to finish slightly above the offer price on Monday, following the Indian eyewear retailer's ₹72.8 billion ($821 million) IPO that sold out within hours but stirred debate over its valuation. The stock opened at ₹395, below the IPO price of ₹402, and fell as much as 11% to ₹356.10 during the session before recovering to close at ₹404.55. The closing price valued Lenskart at about ₹702 billion (around $8 billion)."
"The company reported a profit in the fiscal year 2025 (which ended in March), with revenue rising 23% year-over-year to ₹66.53 billion (about $750 million). Net profit came in at ₹2.97 billion (around $33 million), boosted by a ₹1.67 billion (about $19 million) accounting gain (not actual cash) linked to its acquisition of Owndays. Excluding that one-time item, the company's core profit stood at ₹1.30 billion, or roughly $15 million."
Lenskart completed a ₹72.8 billion ($821 million) IPO that sold out within hours and opened below the offer price before closing at ₹404.55, valuing the company around ₹702 billion (about $8 billion). The IPO was heavily oversubscribed, with bids about 28 times available shares led by institutional investors. Lenskart reported fiscal 2025 revenue of ₹66.53 billion, up 23% year-over-year, and net profit of ₹2.97 billion, which included a ₹1.67 billion non-cash accounting gain from the Owndays acquisition; core profit was ₹1.30 billion. The vertically integrated retailer faces competition from legacy chains and direct-to-consumer rivals while aiming to scale profitably domestically and internationally.
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