The Indian primary market is heating up with two major IPOs from entirely different sectors - Lenskart in eyewear and Studds Accessories in helmets. Both companies have captured significant market share in their respective domains, but the big question remains: which IPO offers better listing gain potential?
Grey Market Signals: What the Unofficial Numbers Reveal
According to market sources, Lenskart's grey market premium (GMP) is currently trading at impressive levels, suggesting strong investor appetite for the eyewear retailer. The company, which revolutionized vision care in India with its affordable and accessible model, seems to be attracting substantial pre-IPO interest.
Meanwhile, Studds Accessories, the world's largest helmet manufacturer by volume, is also showing healthy GMP numbers. The company's strong export presence and dominant market position in the two-wheeler safety gear segment appear to be resonating well with investors.
Company Fundamentals: Beyond the Hype
Lenskart's Visionary Growth Story
Lenskart has disrupted the traditional eyewear market through its tech-enabled approach and extensive retail network. The company's omnichannel strategy, combining physical stores with robust online presence, has helped it capture a significant portion of India's growing eyewear market.
Key strengths include:
- Massive retail footprint across India
- Strong brand recognition among urban consumers
- Tech-driven manufacturing capabilities
- Expanding international presence
Studds Accessories: Safety First, Profits Next
Studds has built an impressive business around two-wheeler safety, exporting to over 50 countries while maintaining leadership in the domestic helmet market. The company's focus on quality and certification compliance has positioned it well in an increasingly safety-conscious market.
Notable advantages:
- Market leadership in helmet manufacturing
- Diversified export portfolio
- Strong relationships with automotive OEMs
- Growing domestic demand for safety gear
Investment Perspective: Weighing the Opportunities
While grey market premiums provide early signals, savvy investors should consider several factors before making investment decisions. Both companies operate in niche markets with strong growth potential, but their risk profiles and growth trajectories differ significantly.
Market experts suggest evaluating both IPOs based on valuation metrics, growth sustainability, and sectoral tailwinds rather than relying solely on GMP indicators.
The Final Verdict
As the IPO dates approach, both Lenskart and Studds present compelling investment cases. Lenskart offers exposure to India's growing retail and eyewear market, while Studds provides a play on increasing safety awareness and two-wheeler penetration. The ultimate choice depends on individual investment horizons and risk appetite.
Investors should watch for the final price bands and subscription numbers to make informed decisions about these potentially lucrative public offerings.
