보관된 글 — US — techcrunch
Lenskart recovers from tepid open to close first day slightly above IPO price
Lenskart's shares closed above IPO price after a rocky start, ending at ₹404.55, valuing the company at ₹702 billion post-₹72.8 billion IPO. Despite an oversubscribed IPO, the valuation raised concerns due to competition and high multiples. The funds will support expansion and tech investment as Indian startups increasingly seek public markets amid tightening venture funding.
핵심 정리
- Lenskart's IPO raised ₹72.8 billion, closing slightly above its offer price at ₹404.55.
- The stock opened at ₹395 and fell to ₹356.10 before rebounding.
- The IPO was oversubscribed 28 times, largely by institutional investors.
- Lenskart reported a 23% year-over-year revenue increase, but core profit excluding one-time items was only around ₹1.30 billion.
- The valuation at IPO represents over 230 times its core net profit, raising concerns among retail investors.
- CEO Peyush Bansal defended the valuation citing a strong and scalable business model.
- Lenskart aims to expand further in retail and tech while addressing competition.
왜 중요한가
- The Lenskart IPO reflects a growing trend of Indian startups entering public markets as late-stage funding decreases.
- It correlates with a broader shift toward vertical integration among consumer brands, emphasizing supply chain control.
- The scrutiny over valuation mirrors discussions around other high-valuation tech companies, stressing the importance of sustainable profits.
Lenskart's recovery on its IPO day signals positive market sentiment despite valuation debates, showcasing a pivotal moment for Indian startups as they adapt to evolving investment landscapes and competitive pressures.