Valuations for 2025 Indian IPOs are sparking a hot-fire debate, with Lenskart hogging the spotlight. Skeptics say the numbers don’t square with earnings, and questions about listing gains, SEBI oversight, and who benefits are loud and clear [1].
Valuation optics — The chatter centers on a sky-high price tag for Lenskart (roughly ₹70,000 crore in some talks), even as profits have been murky and critics wonder about the math [6]. The tension isn’t theoretical: the fundamental question is whether optics can justify such multiples, especially when growth drivers are uncertain [1].
Listing-gains rhetoric — Posts flag a race to chase listing profits, with polls like “Studds or Lenskart for listing gains?” echoing widely [3]. A broader thread notes Lenskart, along with Paytm and Nykaa, as potential flashpoints for early-listing pops and subsequent pullbacks [4].
Fund risk & retail caution — Across these IPOs, fund flows and the retail-investor angle loom large. Posts argue mutual funds deploy retail money into hype-driven issues, heightening risk if listing gains don’t materialize and liquidity locks bite [4][6].
Profitability timing — Controversy peaks around pre-IPO profitability. Reports ask how Lenskart suddenly turns profitable on the eve of listing, pointing to non-operational income and timing tricks rather than genuine earnings growth [5].
Closing thought: the 2025 IPO fever pits ambitious valuations against practical profitability, making caution the smart bet for retail funds and big investors alike.
References
How is the lenskart IPO even possible?
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View sourceStudds or Lenskart for listing gains?
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View sourceLenskart ,Another Paytm and Nykaa in the making
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