Two major IPOs, eyewear retailer Lenskart and investment platform Groww, have drawn investor attention this week, in the primary market. Both companies are leaders in their sectors and offer strong growth stories, but experts say their valuations and short-term prospects differ sharply.
Which begs the question, where should investors put their money and look for gains?
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LENSKART IPO: STRONG DEMAND, BUT HIGH VALUATION
Lenskart’s Rs 7,278.02 crore IPO has seen strong investor interest since opening on October 31. The IPO was subscribed 1.73 times. The retail portion was subscribed 2.91 times, while the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories saw 1.49 times and 1.43 times, respectively, as of afternoon of November 3.
The IPO consists
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