Lenskart Solutions Limited | Top 10 things you must know about this IPO | CA Rachana Ranade

"Now they are saying that we are evolving to what? Evolving to lens. Now you can see this stage is cut. So they are saying we are now saying that frames will be manufactured by us. the actual you know overall uh lenses inside that we will manufacture and ultimately you can imagine lenses frame as per the requirement everything will be done by lens cut but when I listened to the interview of the promoters they said that we are evolving to that it's not like we are you know starting next year China and other countries cut no it will take time how much they have not clearly mentioned so this is a manufacturer to consumer is what they are wanting to become"

"And if you see here the overall industry is expected to grow to grow at the rate of 13% CG till 2030. But if I'm checking current CR last so from 23 to 25 revenue C is already 33.58%. So anyways they are beating the industry growth almost by more than 2x"

"Now if you see here restated profit and loss for the period you can see here the company this is rupees and crores I'm translating into 63 crores of loss till 2023 10 crores of loss till 2024. Come 2025 297 crores profit. How's that you know and whenever it happens that company just turns profitable and the IPO comes in the same year of course eyebrows are ros are raised and people try to check whether this a if it is a normal profit which is like a profit which has come from hardcore operations some turnaround something different has happened they have changed a strategy which clicked and because of which this will be like a recurring thing then of course investors are happy but if this profit majorly is driven by something like an other income investors are not happy with that and that's exactly what has happened here. If you see our other income uh it has almost doubled from 182 crores it has shot up to 356 crores."

"If you see our other income uh it has almost doubled from 182 crores it has shot up to 356 crores. Now what what was this big jump all about? If you want to know it in into detail you can see here that will be given in note number 23. So when I went to note number 23 I've just given you the relevant screenshot. Here you can see FVTPL gain on deferred consideration and that itself accounts for 167 crores big one correct."

"At the upper price band the valuation comes to 70,000 crores at a revenue of around 6 and a half thousand of 6 and a half,000 cr roughly pat of roughly 300 cr out of which 160 cr if you remember was that other income item which was again a non-cash item. Now with this the price to sale comes to a 10.48 price to earning comes to roughly 230."

"PRC people's republic of China and if you see here for the financial year 25 year ending 42.2 percentage 2 percentage of the total imports were from China. They are saying that yes we are importing some of our raw material including through including import of frames directly through buffing framework frame cart technologies limited of course China based u and uh that is their joint venture. So main point is that if some relations geopolitical relation between India and China were to go for a toss uh if some shipments from China are stopped whatever there'll be a big question mark on their purchase on their imports on their purchases which can ultimately impact their topline or their sales."

"Last year you were buying at 30 rupees and this year you're going to sell it at 402 because all these people are also selling you in on the next slide I've given the names of selling shareholders and same selling shareholders right so uh some question marks are raised so that's why I said whether it's a negative one whether it's a fun fact or what whatever you call it I just wanted to share this information with you all so even if I say uh the promoters puj bunal and nihaba bansel if I were to calculate a weighted average price and if I were to check the selling price the gain in one year would be around 1484%"

"out of the total money 7,278 crores majority 5,000 crores plus is an OFS basically promoters are exiting some investors are exiting 2,000 crores whatever 2,150 crores whatever is a fresh issue it's not like a lot of money is being I mean majority of the money is going to be invested in tech and expansion I mean of course tech or some high fun things they are going to open stores"