Lenskart IPO Allotment Status Live: Lenskart share price may list at 7% premium as per GMP trends; See listing date, allotment status on BSE and MUFG Intime – The Economic Times

Brokerage SMIFS Ltd said India’s eyewear market is on track for rapid expansion, projected to reach Rs 1.48 trillion by FY30, growing at a 13% CAGR from FY25–30. The growth is being driven by the rising prevalence of refractive errors, from 777 million to 943 million affected individuals, and a steady shift toward organized retail, which is expected to capture nearly a third of the market.

Lenskart Solutions, the brokerage said, is well-positioned to benefit from this momentum through its vertically integrated model that manufactures 30–40 million lenses and 25 million frames annually at its Bhiwadi facility. By eliminating multiple layers of intermediaries, cutting 2.5–4x markups, the company achieves around 70% gross margins.

Citing profitability recovery, technology-led execution, and large untapped demand, with 65% of India’s vision-impaired population still unaddressed, SMIFS recommended subscribing to the issue, calling it a high-risk, high-potential opportunity in one of India’s fastest-growing consumer sectors.