IPO chatter in 2025 India is a tug-of-war between retail appetite and platform biases. The signal set centers on Physicswallah, Lenskart, and Groww as new listings roll out.
Physicswallah IPO reality — bankers appear to be steering the subscription, while retail and HNI participation are notably tepid [1].
On the Lenskart vs Groww debate, discussions show Lenskart attracted more subscription than Groww, despite Groww being a market leader in online brokerage. Some say the sentiment around Lenskart products is poor, creating a confusing correlation between value and subscription [2]. A note from chatter mentions Lenskart subscription at about 28.27x with retail at 9.8x—a sign of retailer participation being modest relative to overall demand [4].
On listing day, Groww delivered a roughly 12% gain in one post, with other posts suggesting gains north of 30% as markets moved [3]. Bloomberg calls Groww's debut a test of investor appetite after Lenskart's muted debut [5]. Also, chatter notes Groww is the biggest listed broker by active users, while Zerodha has no public listing plan—adding a twist to demand signals [4].
Meanwhile, boAt faces an IPO prelude twist: founders Sameer Mehta and Aman Gupta exit executive roles weeks before DRHP, taking zero salary; the firm trims the IPO size to ₹1,500 crore, with profits turning ₹60 crore and revenue at ₹3,098 crore. Attrition spiked to 34% as investors weigh the founder exits alongside valuation rhetoric [6].
Chatter mirrors reality—retail appetite is uneven, and pre-IPO moves heighten caution as 2025 listings play out.
References
Physicswallah IPO
Discusses Physicswallah IPO subscription status and hopes strong bankers ensure subscription; notes weak retail/HNI participation
View sourceIPO Oddity : Lenskart v/s Groww
Compare Lenskart and Groww IPOs; discuss subscriptions, value, growth prospects, and conflicting investor sentiment amid market puzzlement today.
View sourceGroww IPO listed with 12% gain
Groww IPO listed with 12% gain; gains rose to 32-33%, questions about buyers, community welcome.
View sourceGroww IPO listing
Discusses Groww IPO allocation, hold vs sell decisions, market leaders, user experience, and timing strategies for new investors in India
View sourceGroww IPO to Test India's Investor Appetite After Lenskart’s Muted Debut
Groww IPO aims to test investor appetite amid positive market cues and Lenskart debut contrasts.
View sourceFounders step back right before IPO
Post analyzes pre-IPO founder exits, attrition, profits, and pricing for boAt's ₹1,500 crore IPO; asks if investors should subscribe today.
View source