Eyewear retailer Lenskart Solutions is gearing up for its highly anticipated initial public offering (IPO), which could value the company at around ₹69,741 crore on a post-issue basis. The promoters' stake is expected to fall from 19.9% to 17.7% after the issue.

In the past three years, the company's revenue has grown over 30% annually, while EBITDA has jumped more than 90% a year.

For FY25, Lenskart reported revenue of ₹6,652 crore and a profit of ₹297 crore, including a one-time gain. The company currently operates more than 2,100 stores, with 40% of its revenues coming from international markets.

CEO Peyush Bansal defended the high 230 times price-to-earnings ratio, citing the company's 90% EBITDA CAGR and the long-term growth potential of the eyewear market.

When asked about valu

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