Groww, Lenskart, Studds IPO Review – Price Bands, Lot Size, and Analysis

Billionbrains Garage Ventures (Groww) IPO

The Groww IPO, worth approximately ₹6,632 crore, is among 2025’s most closely watched fintech offerings. As India’s leading investment-tech platform, Groww’s intuitive user experience and strong compliance framework underpin its competitive moat. The issue proceeds will fund technology development, product diversification, and potential acquisitions. Although its financials show exponential user growth, profitability remains in its infancy. The IPO’s aggressive valuation reflects strong investor confidence in India’s expanding retail investment ecosystem. Cautious optimism is warranted—while long-term potential is immense, near-term volatility may persist given intense sector competition and high customer acquisition costs.

Lenskart Solutions Ltd. IPO

Lenskart Solutions, valued at around ₹5,800 crore, offers investors a unique blend of technology, retail innovation, and manufacturing integration. The company’s hybrid model—combining online sales with a growing physical presence—continues to drive scale advantages. Global expansion into Southeast Asia and the Middle East enhances growth visibility. However, capital-intensive operations and elevated marketing costs compress near-term margins. At a valuation near 60× FY26 estimated earnings, the issue appears richly priced. Nevertheless, strong brand equity and consistent customer acquisition rates make Lenskart a compelling long-term retail-tech story. Listing gains may be moderate, but structural growth remains intact.

Studds Accessories Ltd. IPO

Studds Accessories Ltd., India’s largest helmet and two-wheeler gear producer, presents a robust fundamentals-driven investment proposition. The ₹450-crore issue, combining fresh capital and OFS, will strengthen working capital and expand premium product lines. Studds’ established domestic dominance, growing export base, and superior safety certification standards lend strong credibility. However, exposure to raw material volatility and cyclical demand in the auto sector poses moderate risks. The valuation appears balanced relative to peers such as Steelbird and Vega. With sustained earnings momentum and consistent cash flows, Studds offers solid medium-term growth prospects and moderate listing gains potential.

Comparative Investment Summary

Disclaimer

This report is prepared for educational and informational purposes only. It does not constitute investment advice, solicitation, or recommendation to buy or sell any securities. Investors should perform independent due diligence and consult certified financial advisors before making investment decisions. Market conditions and valuations are subject to change without prior notice.