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

Lenskarts IPO valuation drew sharp criticism from investors, with its 230x P/E and 10.5x sales multiples sparking comparisons with expensive listings such as Mamaearth, Paytm and Nykaa. Retail investors mocked the Rs 70,000-crore valuation on social media, questioning whether the eyewear company offered enough upside. Less than a year later, the debate over Lenskarts valuation has taken a new turn.

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