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M͏͏͏um͏͏ba͏͏i͏͏,͏͏͏ ͏30 ͏͏͏͏Oct͏͏ob͏͏͏͏er 2͏0͏25: ͏T͏͏h͏e m͏uc͏͏h͏͏-a͏͏͏͏ntic͏ipa͏t͏͏e͏͏͏d ͏͏͏͏͏Len͏s͏͏͏͏k͏art ͏S͏ol͏͏͏͏ut͏i͏o͏͏n͏͏͏s͏ L͏td͏͏͏. ͏I͏PO͏͏͏͏ ͏(L͏͏e͏͏͏͏͏n͏s͏k͏͏͏art ͏͏I͏P͏͏O ͏2͏͏͏͏͏02͏5) — s͏et͏͏ ͏͏to͏ o͏͏͏͏͏p͏e͏͏͏n͏ ͏fo͏͏r s͏͏͏u͏b͏scri͏͏͏pti͏o͏͏͏n͏ ͏͏͏͏f͏r͏͏͏͏͏͏o͏m͏ 31 O͏c͏to͏be͏r͏ ͏͏t͏͏o ͏4 ͏͏N͏o͏͏͏͏͏vem͏͏b͏er͏ ͏͏͏͏͏͏͏a͏t ͏͏a ͏͏p͏r͏͏͏i͏c͏͏e͏ ͏͏ba͏͏nd ͏o͏͏͏f ͏͏₹͏3͏8͏2–͏͏₹402 ͏͏͏p͏e͏͏͏͏r͏ ͏͏shar͏͏͏͏͏e͏ — ͏͏͏͏͏h͏a͏͏͏s͏͏͏͏͏͏ ͏͏d͏͏ra͏wn a͏͏ttention͏ n͏͏ot ͏on͏͏ly͏͏͏ for͏͏ ͏i͏t͏s͏͏͏ si͏ze͏ ͏bu͏͏t͏ a͏l͏͏͏so͏ fo͏͏͏͏͏r͏ se͏͏͏ve͏ra͏l͏ crit͏i͏c͏͏a͏l r͏i͏͏sk f͏͏͏͏a͏͏c͏t͏o͏͏rs th͏a͏t ͏͏m͏a͏͏y͏ ͏͏͏s͏͏ha͏͏pe͏ ͏i͏͏n͏ves͏͏͏͏͏͏͏to͏r s͏͏͏͏ent͏͏͏i͏m͏e͏͏͏nt͏͏.

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͏25͏% ͏C͏͏ost ͏͏͏Expos͏͏͏u͏͏r͏e t͏o͏͏͏ R͏aw ͏͏Ma͏ter͏͏͏i͏al͏͏s P͏͏os͏͏e͏s͏͏͏ ͏Su͏͏pp͏ly͏-͏͏͏C͏ha͏͏in ͏a͏nd Ma͏rgi͏n͏ R͏i͏͏s͏͏͏ks ͏͏fo͏͏͏͏r L͏e͏nsk͏͏͏͏art͏ IP͏͏O

͏Lenskart’s vertically-integrated model provides advantages in efficiency but also brings vulnerabilities. A portion of its frames and components are sourced through a joint venture in China, while raw materials account for nearly one-fourth of total expenses. Any disruption whether due to geopolitical tensions, logistic delays, or cost inflation could significantly affect manufacturing output, delivery schedules, and profit margins. Sustaining stable operations across global supply chains remains a key challenge.

Expansion of CoCo Stores and Telangana Facility Raises Execution Challenges in Lenskart IPO

The company plans to utilise IPO proceeds for expanding company-owned stores (CoCo stores), upgrading technology infrastructure, and funding manufacturing scale-ups, including its Telangana production facility. While such investments are growth-oriented, they come with high execution risk. Delays in rollout, cost overruns, or lower-than-expected store productivity could affect returns and profitability in the medium term.

FEMA Scrutiny and Compliance Risks Highlight Regulatory Hurdles in Lenskart IPO 2025

Lenskart has disclosed ongoing scrutiny from the Directorate of Enforcement (Gurugram) under the Foreign Exchange Management Act (FEMA). Although no adverse findings have been reported, the very existence of such an inquiry introduces regulatory uncertainty. Moreover, large-scale manufacturing operations require strict compliance with environmental and safety regulations. Any lapse in adherence could result in penalties or operational interruptions, posing a financial and reputational risk.

Global Expansion Plans Could Strain Lenskart’s Resources and Integration Capabilities

Lenskart’s global ambitions  including overseas acquisitions and expansion into markets like Japan and the Middle East — present both opportunity and risk. Cross-border integration, foreign-exchange fluctuations, and cultural or operational mismatches could erode profitability and stretch management bandwidth. Balancing international growth with domestic execution remains one of the company’s toughest strategic tests.

Investors assessing the Lenskart IPO should look beyond headline growth and evaluate its valuation discipline, supply-chain stability, regulatory exposure, and execution capabilities. While the company’s brand strength and innovation in the eyewear segment are undeniable, the mix of high expectations and operational complexities warrants careful consideration before making investment decisions.

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