Both Lenskart and Groww are entering the stock market with large expectations. These companies operate in different industries, but both focus on fast-growing consumer needs in India. Comparing their business, market size, financials, and growth plans helps understand which one has the bigger future.
Lenskart sells eyewear such as glasses, sunglasses, and contact lenses. It uses an omnichannel model, meaning it sells both online and through physical stores.
The company has 2,067 stores in India and 656 stores overseas. It designs, manufactures, and sells its own products, which helps control quality and cost.
India’s eyewear market is still largely unorganized. Many people buy from small local shops. This gives Lenskart a strong opportunity to take a bigger share as more people shift to branded products.
Lenskart’s IPO price band is ₹382 to ₹402 per share. The company plans to raise around ₹7,278 crore. This includes ₹2,150 crore as fresh issue and ₹5,128 crore through offer for sale.
At the upper price band, Lenskart is valued at nearly ₹69,700 crore, close to $7.9 billion. The IPO opened on October 31, 2025, and closed on November 4, 2025.
The issue was well received. By the second day, it was subscribed about 2 times overall, and the retail category was subscribed around 3.33 times.
In FY24, Lenskart’s revenue grew by about 43%, reaching around ₹5,400 to ₹5,600 crore. However, the company recorded a small net loss.
This is because it continues to invest in expanding stores, technology, and international operations. Physical stores mean higher costs, inventory, and more staff. Profitability may improve only when more stores reach maturity.
Groww is a digital investment platform. It offers services like stock trading, mutual funds, SIPs, and now wealth advisory.
Its business is asset-light. Most of its services are app-based, so it does not need physical branches. This allows low operating costs and easy scaling.
More people in India are investing in mutual funds and stocks. Monthly SIP investments and demat account openings are growing quickly. Groww benefits directly from this trend.
Groww’s parent company, Billionbrains Garage Ventures, is offering its IPO at a price band of ₹95 to ₹100 per share. The total issue size is around ₹6,632 crore.
This includes ₹1,060 crore as fresh issue and ₹5,572 crore as offer for sale. At the upper band, Groww is valued at around ₹61,700 crore.
The IPO opened on November 4, 2025, and will close on November 7, 2025. Anchor investors have already shown strong interest.
Groww has shown strong profitability. In FY25, it reported a revenue of around ₹4,056 crore and a net profit of ₹1,819 to ₹1,824 crore.
This gives it a net profit margin of about 45%. Revenue has multiplied over the last few years, while costs remain low due to its digital model.
These profits make Groww one of the few fintech companies in India with strong earnings before its IPO.
Lenskart benefits from a growing need for vision care and branded eyewear. Its physical stores offer a strong customer experience. But expansion needs capital and time. Profitability will grow slowly as store operations stabilize.
Groww grows faster because it does not need physical outlets. Every new user costs very little to serve. It already earns high profits and can expand into wealth management and advisory services easily.
Both companies operate in large markets. Eyewear is necessary for millions every year. Investing and wealth creation are also rising as people become more financially aware.
For Lenskart, risks include high costs, competition from local opticians, and the challenge of turning scale into profit. Fashion trends and consumer preferences may also affect sales.
For Groww, risks include stock market slowdowns, regulatory changes, and competition from platforms like Zerodha, Angel One, and traditional banks. Its earnings depend on market activity.
Lenskart has a strong brand and a huge physical presence. It can grow for many years as more people buy branded eyewear. But it needs heavy investment and will take time to show strong profits.
Groww has faster scalability, higher margins, and clear profitability. Its digital model allows it to add new financial products without large costs.
Both have big futures, but Groww currently appears better positioned due to strong profits, low costs, and growing investor participation.