LENSKART IPO INSIGHT
Compared to 4 global peers, Lenskart has the lowest EBITDA margin at 9.5% but trades at the highest P/E of 543.2x and Mkt Cap/Sales of 10.5x, indicating stretched valuations.
While listing gains may remain muted, the business model is strong and supported by a large, underpenetrated ₹15,207 Bn eyeglasses market, offering long-term growth potential for organized players.
Last week in 18th October MTT BSE SME Jayant Infratech given at Rs.75 touched Rs.101 a bumper gain of 35%, D B Corp given at Rs.243 touched Rs.265, Duroply given at Rs.178 touched Rs.205, Shreyans Ind. given at Rs.222 touched Rs.230 & even at Rs.228 looks very good, Shri Bajarang Alliance given at Rs.189 touched Rs.202 & even now at Rs.199 looks very good, Somi Conveyour Beltings given at Rs.144 touched Rs.160 & even now at Rs.153 looks very good, may surpass its high Rs.228, TN Petro given at Rs.106 touched Rs.115 in just 4 days in highly negative market sentiment.
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