Overvalued IPOs have once again become a talking point in India’s primary market, with Lenskart’s IPO reigniting debate over whether regulators should play a stronger role in managing inflated valuations.
The eyewear company’s public issue, despite being heavily subscribed, has drawn attention for its aggressive valuation and whether investor enthusiasm is being driven by brand strength or market hype.
Experts say that while robust demand in IPOs reflects the growing maturity of India’s equity market, the pattern of high valuations and subsequent weak listings suggests a need for more scrutiny.
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“The Lenskart IPO saw an overwhelming rush from investors across the board. That said, while the numbers look stellar on paper, such heavy oversubscription often reflects short-term market excitement rather than deep conviction
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