Eyewear category का omni‑channel leader Lenskart अपना IPO ला रहा है, और Groww की रिपोर्ट के मुताबिक issue की opening date 31 अक्टूबर है. बाकी key numbers (price band, lot size, issue size) official docs/press note में confirm होंगे।
🗓️ IPO Snapshot (as per report)
- Opening: 31 अक्टूबर
- Closing: (RHP/एक्सचेंज नोटिस में confirm होगा)
- Type: Book‑built; आम तौर पर Fresh Issue + OFS (exact split DRHP बताएगा)
- Price Band / Lot Size: To be announced
- Listing: NSE/BSE (compressed T+ timeline possible; exchanges confirm करेंगे)
- GMP: मार्केट चर्चा official नहीं होती—decision का base न बनाएं
🏪 Business Snapshot
- Model: Omni‑channel (App/Website + large offline stores network)
- Moat drivers: Private‑label heavy mix, in‑house design, supply‑chain/fulfilment, eye‑testing/after‑sales, subscription/repurchase flywheel
- Geography: भारत core; select international markets में presence/expansion
✅ Strengths (Bull pointers)
- Strong brand recall in value‑to‑premium eyewear
- Scale + private label → better gross margins potential
- Omni‑channel synergy: store trial + online convenience
- High repeat behavior (vision care is recurring)
⚠️ Risks (ध्यान रखने योग्य)
- Competition: Titan Eye+ और regional optical chains; price wars का दबाव
- Returns/fit/QA: fashion/fit category में return/redo costs
- Store economics: तेज़ expansion में payback discipline critical
- Marketing/CAC: digital spends बढ़े तो contribution margin impact
- International scaling: नए बाज़ारों में brand‑build cost
📊 DRHP/Financials में क्या‑क्या देखें?
- Revenue growth, gross margin, contribution margin (after returns/fulfilment), EBITDA/PAT trajectory
- Store economics: payback period, same‑store sales growth (SSSG), new store ramp
- AOV, order frequency, cohort retention (LTV) vs CAC
- Inventory turns, working‑capital cycle, cash conversion
- Mix: private label %, offline vs online revenue, service revenue
- Expansion capex plan, manufacturing/fulfilment capacity
- OFS vs Fresh Issue split (company को कितना fresh cash आ रहा है)
- Governance/related‑party, auditor remarks, contingencies
🧾 Use of Proceeds (indicative themes)
- New stores/format expansion, supply‑chain/automation
- Tech/platform, product development
- Working capital/general corporate purposes (Exact utilisation DRHP में होगा)
🧭 Retail Playbook
- Allotment के लिए retail में “Cut‑off” tick करें (जब price band घोषित हो)
- High subscription पर lottery risk—multiple PAN/duplicate applications से बचें
- Listing‑day volatility high—opening minutes में market orders avoid करें; limit orders use करें
- Long‑term view हो तो unit economics + valuation discipline को weight दें
🧠 How to Apply (UPI‑ASBA)
- Broker/App → IPO → Lenskart चुनें → Bid (Cut‑off) → UPI mandate approve
- Status: “Bid placed / Mandate accepted” दिखना चाहिए
- Allotment/Refund/Share credit compressed T+ timeline पर—exchanges/registrar dates देखें