{"id":15530,"date":"2025-10-14T12:29:44","date_gmt":"2025-10-14T06:59:44","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=15530"},"modified":"2025-10-14T12:29:44","modified_gmt":"2025-10-14T06:59:44","slug":"lenskart-shares-rs-510-ipo-valuation","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/lenskart-shares-rs-510-ipo-valuation\/","title":{"rendered":"Lenskart Share Price Touches Rs 510 in Grey Market, Signals $10 Billion Valuation Ahead of IPO"},"content":{"rendered":"

Eyewear giant Lenskart Solutions Limited is making waves in the financial markets as its share price touched Rs 510 per share in the grey market, indicating a potential valuation of $10 billion just weeks before its highly anticipated initial public offering (IPO).<\/p>\n

A grey market is where shares of a company trade before they are officially listed on the stock exchanges, giving investors an early peek into market sentiment. According to sources familiar with the matter, Lenskart\u2019s latest valuation is nearly double its $5 billion valuation in 2024, highlighting strong investor confidence.<\/p>\n

\u201cThe company is expected to file its red herring prospectus (RHP) in the week of October 22 and aims to list on the stock exchanges no later than November 12\u201d, a source told Moneycontrol.<\/p>\n

Lenskart has not immediately responded to queries regarding its IPO and market valuation.<\/p>\n

Strong Financial Performance Driving Investor Confidence<\/h2>\n

Lenskart\u2019s growth story is backed by impressive financials. The company reported a net profit of Rs 297.3 crore in FY25, a significant turnaround from a loss of Rs 10.2 crore in FY24.<\/p>\n

Revenue also surged 23% year-on-year to Rs 6,652.5 crore, with a compound annual growth rate (CAGR) of 33% over the last two years. The company\u2019s gross margins improved by over 500 basis points to around 69%, reflecting improved operating efficiencies and scale.<\/p>\n

This financial performance has been a key factor driving confidence among investors ahead of the IPO.<\/p>\n

Also Read<\/strong>: LG Electronics India Surpasses Korean Parent in Market Value After 50% Listing Surge<\/a><\/em><\/p>\n

Expansive Offline and Global Presence<\/h2>\n

Lenskart\u2019s offline footprint is equally impressive. According to its draft red herring prospectus (DRHP), the company operates 2,723 stores globally, including 2,067 in India and 656 overseas, with expansions fueled by acquisitions in Japan and Europe.<\/p>\n

Currently, 60% of Lenskart\u2019s revenue comes from India, while the remaining 40% is generated internationally, showcasing the company\u2019s strategic diversification across geographies. The retailer plans to add 450 new stores in FY26, further strengthening its market presence.<\/p>\n

IPO Plans and Fund Utilization<\/h2>\n

Lenskart received regulatory approvals for its IPO earlier this month. The company plans to raise Rs 2,150 crore in fresh proceeds, along with an Offer for Sale (OFS) of up to 13.2 crore shares by existing investors and promoters, totaling an IPO size of around Rs 8,000 crore.<\/p>\n

The fresh proceeds will be deployed strategically:<\/p>\n