Mumbai: Lenskart, India’s well-known eyewear company, is all set to launch its big IPO (Initial Public Offering). But before the company even hits the stock market, people have already started talking about its high valuation and whether it is really worth that much.
The company is said to be planning an IPO worth nearly ₹70,000 crore, which is one of the biggest among Indian startups. However, some investors and market experts feel this number is too high and risky.
Recently, a popular investment firm, Persistence Capital, said that they are “proud to have skipped the Lenskart IPO.” They posted this on social media, clearly showing they don’t want to take part in this big public issue. Along with this, they also made a light joke saying, “We asked Peyush Bansal about LASIK and the call dropped. Must be the network.”
Even though the message looked funny, it reflected a serious thought, that some big investors don’t completely trust the current buzz around the Lenskart IPO. Many of them feel that the company’s share price may be overvalued, especially when compared to its real profits.
Experts also reminded that around 60% of newly listed companies in India are currently trading below their original IPO price. This means that investing in such high-valued companies can be risky if their growth doesn’t match the hype.
Lenskart is said to be targeting a price-to-earnings (P/E) ratio of around 230 times, which is quite high compared to normal companies.
This raised the question in the mind of many investors whether it is time to purchase the shares or wait and watch.
Nevertheless, the co-founder and CEO of Lenskart, Peyush Bansal is not bothered by the criticism. He believed that not all criticism is negative and he said that at the ET Startup Awards 2025 calmly. In his opinion, when people are discussing your company, it means that they are interested and that they are listening. He also put it that one should listen to all but pursue your own vision and beliefs.
Bansal added that his experience in Shark Tank India made him more effective in dealing with the perception of people and pressure. He grinned, saying that appearing on Shark Tank is what prepared him to go out into the world, since he was asked some tough questions on the show, and it made him ready to encounter the real world.
Speaking about the development of the company, Bansal said that nearly a part of Lenskart production was now in India which made it less dependent on foreign factories and more independent. Technology is also on the agenda of the company. They do not simply sell eyeglasses but are currently developing smart eyewear with some innovative features, such as cameras and sensors. Lenskart even formed a collaboration with technological firm Qualcomm in these smart glasses.
Another large component of the future plans of Lenskart is the use of Artificial Intelligence (AI). According to the company, AI will assist them in designing better, enhancing customer experience, and processing a big amount of data more effectively.
Despite all this innovation, there are still experts who doubt it. They claim that sound technology is good but it is the consistent profit and sensible pricing that counts. In one of the reports, one investor said, then why should we pay that high price in India, when the American investors are not prepared to pay so high a price to similar companies?
In the meantime, everyone is looking forward to the results of the Lenskart IPO that opens its doors to the public subscription. In case of success, it will increase confidence in the startup market in India. However, when it fails to, it will be another warning that hype by itself will not create long-term success.
