Lenskart IPO fever is spilling into concerns fast. The hype centers on valuation quirks around Lenskart and the fortunes of founder Peyush Bansal, with talk of an 8x gain and a sky-high P/E near 535 [2].
But the numbers don’t lie alone. Critics point to non-operational income and a heavy reliance on one-time gains, asking if the core business justifies the pricing. One post even notes that, once you strip non-cash items, the picture looks less flashy [2]. Still, another take underscores that Lenskart is generating cash, making the case for real balance-sheet strength beyond headline multiples [5].
Urban Company is the other IPO talking point. In Q2, the firm reported a CONS NET LOSS of ₹593.3M on revenue of ₹3.8B, a YoY loss spike right after debuting publicly [7]. The stark contrast between growing top-line revenue and rising losses fuels the skepticism about how far valuations can ride on growth alone.
The IPO debate isn’t just about one name. DSP AMC weighs in with a defense of Lens’ IPO metrics—calling for strong, scalable business and “trustworthy promoters” amid a chorus of questions about execution and profitability [4]. Critics counter that the math doesn’t always back the rhetoric, noting real profitability remains elusive for some players [4].
On the hype side, Zomato vs. Lenskart becomes a recurring comparison, with observers arguing that flashy multiples ignore margin reality and cash flow strength, a point echoed by Meituan-style comparisons in the thread [6].
Finally, the IPO spree isn’t just about IPOs—it’s about where money lands. A spread of funds, including SBI Innovative Opportunities Fund and HDFC Mutual Fund offerings, have reportedly backed these listings, raising questions about risk discipline and pricing [3].
Bottom line: retail investors should map listing names to cash flow and scalable models, not just buzz.
References
Lenskart IPO: Why I'm not applying and what you should consider before applying.
Discusses Lenskart IPO valuation concerns, 8x founder gain, P/E 535, FVTPL one-time gain; warns, promotes broader IPO skepticism and caution.
View sourceCongratulations, you now own Lenskart shares — whether you wanted them or not!
Discussion on Lenskart IPO allocations, fund houses investing, NPS risk, and MF behavior; opinions vary on value, ethics, and risk.
View sourceDSP AMC statement on Lens ka IPO
Discusses DSP Lens IPO valuation, promoters credibility, scalability claims, and concerns about mutual fund investor bias and disclosures.
View sourceLenskart IPO
Discusses Lenskart IPO GMP rise, asks why; notes cash flow, valuation, peer checks; mixed sentiment on IPO prospects.
View sourceEveryone’s hyped about Lenskart. The real clown show is Zomato.
Discusses Zomato's high valuation, profitability concerns, compares with Lenskart and Meituan, argues future growth, diversification needs, valuations driven by hype.
View sourceIPO ka moh maya
Discusses Urban Company IPO performance; notes post-IPO losses; mentions Lenskart and Groww IPO analyses; general Indian stock/IPO discussion.
View source