Eyewear retailer Lenskart, one of the most anticipated IPOs of 2025, has received a “Sell” rating from Ambit Capital just ahead of its market debut. The brokerage, which initiated coverage on the stock, said that while the company’s long-term growth potential is intact, its current valuations leave little room for upside. Ambit’s target price of…
Lenskart, with its Rs 7,278 crore IPO, is drawing healthy attention from institutional and retail investors alike. The omnichannel eyewear retailer has set a price band of Rs 382–402 per share, and its grey market premium (GMP) stands at 21%, indicating healthy listing expectations. Source link
The buzz around the recent Lenskart IPO has drawn sharp reactions and debates among investors and social media users. Adding perspective to the ongoing discussion, Deepak Shenoy, CEO, Capitalmind Asset Management, shared his views on the drama around an IPO and unpredictability of market behavior. Shenoy posted on social media platform X that, “So much…
The Indian markets remain firmly driven by earnings momentum as investors continue to buy into every dip. In an exclusive conversation with ET Now, Rahul Shah of MOFSL said the current earnings season has been “far-far much better” than expectations, reflecting in the market’s resilience. “The way the markets have been and the earnings season…
ET Intelligence Group: Lenskart Solutions, an eyewear retailer, plans to raise ₹2,150 crore through a fresh issue to invest in new stores, cloud infrastructure and brand marketing as well as to fund acquisitions. It will also raise ₹5,128 crore through an offer for sale. The promoter group’s stake will fall to 17.7% after the IPO…
Eyewear retailer Lenskart Solutions, which is gearing up for its highly anticipated IPO, has reported what appears to be a sharp turnaround in FY25. The company posted a net profit of Rs 297 crore on revenues of Rs 6,652 crore, marking a strong recovery from a loss of Rs 10 crore a year earlier. At…