Indian IPO Analysis: Studds vs Lenskart vs Groww - Comparative Investment Outlook

Reddit discussion on r/StockMarket reveals mixed investor sentiment toward the three upcoming IPOs. Community members show divided preferences, with some users favoring Groww and Lenskart for their growth potential, while others question the exclusion of Studds Accessories from consideration. The discussion highlights the challenge of comparing companies across different sectors and growth stages, with one user suggesting India-specific subreddits might provide more targeted insights. The Reddit community appears to recognize the strong brand presence of all three companies but struggles with direct comparison due to their fundamentally different business models.

: Established helmet manufacturer with consistent profitability and strong market position in automotive safety equipment. The company benefits from India’s booming automotive sector and EV transition, with the automotive aftermarket accessories market projected to reach USD 20.6 billion by 2033. IPO scheduled for October-November 2025.

: Eyewear market leader commanding 41% share of the organized sector, demonstrating exceptional growth trajectory with recent transition to profitability. The Indian eyewear market is expanding at approximately 13% CAGR, projected to reach ₹1,483 billion ($17.2 billion) by FY2030. IPO also scheduled for October-November 2025 with valuation pegged at ₹70,000 crore.

: Fintech platform showing exceptional profitability metrics, though IPO timing remains pending. The fintech sector demonstrates resilience with improving profitability, evidenced by PB Fintech’s 165% YoY profit growth to Rs 135 crore in Q4 2024.

The 2024 IPO market showed varied sector performance, with technology and consumer sectors delivering better post-listing returns compared to other segments. Indian markets remain resilient with Nifty nearing all-time highs, supported by domestic SIP flows and strong earnings visibility. However, foreign investor sentiment remains cautious with some FII selling, though domestic institutional investors continue providing market support.

The three companies represent fundamentally different investment theses:

: Lenskart offers the highest growth potential with market leadership in an expanding organized eyewear sector, while Studds provides more predictable returns from its established position in the automotive safety equipment market. Groww sits between these extremes with fintech growth potential but pending IPO status creating uncertainty.

: Consumer-focused sectors like eyewear have demonstrated stronger post-IPO performance trajectories in 2024, while fintech shows mixed results. The automotive accessories sector benefits from structural growth drivers including India’s position as one of the fastest-growing EV markets with over 1 million EV units sold in 2024-25.

: Significant valuation variation across companies reflects their different business models and growth stages. Lenskart’s high valuation at ₹70,000 crore suggests market expectations of continued expansion, while traditional manufacturing metrics likely apply to Studds Accessories.

• Regulatory uncertainty
  in fintech sector affecting Groww
• Market saturation
  concerns in eyewear despite current growth
• Cyclicality
  in automotive sector potentially impacting Studds
• IPO timing risk
  particularly for Groww with pending status
• Valuation premium
  risk for high-growth names like Lenskart

• Structural growth
  in all three target markets
• Market leadership positions
  providing competitive advantages
• Domestic consumption story
  supporting consumer-facing businesses
• EV transition
  benefiting automotive accessories sector
• Digital adoption
  driving fintech and organized retail growth

Based on risk-adjusted potential,

appears most compelling for investors seeking growth exposure with manageable risk, given its market leadership, clear profitability trajectory, and strong sector tailwinds. suits conservative investors preferring stable returns from an established market position. offers highest potential returns but carries execution and regulatory risks, making it suitable for risk-tolerant investors comfortable with pending IPO uncertainty.