From IPO mockery to Rs 1 lakh crore m-cap: Why investors are still betting on Lenskart’s vision

Lenskart's initial public offering (IPO) valuation was met with skepticism from investors, who questioned its high price-to-earnings ratio and sales multiples. Many retail investors mocked the company's valuation on social media, wondering if it offered enough potential for growth. However, the company's stock has since surged, and its market capitalization has reached Rs 1 lakh crore. This turnaround suggests that investors are now betting on Lenskart's vision, despite initial doubts. The shift in investor sentiment highlights the potential for companies to prove their worth over time.

Why it matters

Lenskart's IPO valuation drew criticism, but investors are still betting on the company's vision. This could lead to an increase in investor confidence and a potential rise in the company's stock price.

Market impact

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Likely winners & losers

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