Lenskart IPO Allotment Status Live: Lenskart share price may list at 9% premium as per GMP trends; See listing date, allotment status on BSE and MUFG Intime – The Economic Times

Arihant Capital said Lenskart is poised to sustain its cost-efficient growth by leveraging a centralized supply chain and automation as it scales across India and global markets, including Southeast Asia, Japan, and the Middle East. The brokerage noted that with rising demand for vision correction and a growing shift toward organized eyewear retail, the company plans to deepen its presence in Tier 2 and Tier 3 cities and expand its international footprint through the Owndays brand.

Revenue from operations grew at a 32.5% CAGR from Rs 3,788 crore in FY23 to Rs 6,653 crore in FY25, while EBITDA jumped 3.7x to Rs 971 crore. Lenskart turned profitable in FY25, posting a PAT of Rs 297 crore against a loss of Rs 64 crore in FY23. Operational cash flow surged 13x in two years to Rs 1,231 crore, and ROCE improved to 13.8%.

Arihant highlighted that 81% of company-owned stores opened in FY23–24 achieved payback within roughly 10 months, reflecting strong unit economics. At the upper price band of Rs 402, the issue is valued at 238x FY25 earnings (EPS ₹1.71). The brokerage has given the IPO a “Subscribe for long term” recommendation.