Lenskart IPO: Netizens Criticize ‘Shark’ Peyush Bansal Over 230x Valuation

Lenskart’s IPO, which opened on October 31, has sparked debate over its high valuation of ₹70,000 crore, aiming to raise ₹7,278 crore. With a price band of ₹382–₹402 per share and a PE ratio of 230, many investors called it “overvalued.” Netizens criticized CEO Peyush Bansal, citing hypocrisy as ‘Shark Tank’ investors usually demand lower valuations. Some compared it to the 2021 Paytm IPO collapse, warning that mutual funds and retail investors could suffer losses. Critics argued that middle-class investors investing through SIPs might lose money, calling the valuation unrealistic and risky.