IPO

Lenskart Solutions Ltd. (Lenskart) is set to open its ?7,278 crore IPO on October 31, 2025, with a price band of ?382 - ?402 per share.

Its key strategies have been enhancement in customer engagement with innovative designs, expanding stores, and introducing products like "Phonic." They have also optimized operations via centralized...

Company is the largest two-wheeler helmets player in India in terms of revenue in Fiscal 2024 and also the world's largest twowheeler helmet player by volume in Calendar Year 2024. Company is an established manufacturer with nearly five decades of experience As on March 31, 2025, company's manufacturing...

IPO NOTE

IPO NOTE

Lenskart Solutions Ltd. (Lenskart) is a tech-driven & integrated eyewear company primarily selling prescription eyeglasses, sunglasses and other products such as contact lenses and eyewear accessories. The company sells its products in India (largest market) and has recently expanded into select international markets like Japan, Southeast Asia and the Middle East. Lenskart designs and sells a wide range of eyewear products under multiple owned in-house brands and sub-brands. As of Jun'25, the company operated a total of 2,806 stores (2,137 stores in India and 669...

Studds Accessories Ltd. (SAL) is the largest two-wheeler helmet manufacturer in India and globally. The company designs, manufactures, markets and sells twowheeler helmets under the Studds' and SMK' brands. SAL also offers two-wheeler accessories such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear under its Studds' brand. The company has a pan-India presence along with exposure in more than 70 countries internationally, with key export markets being America, Asia and Europe. SAL also manufactures helmets for Jay Squared LLC, which are sold under the Daytona brand in the USA, as well as for O'Neal, which are supplied across Europe, the USA and Australia. SAL has 4...

Company is a multi-category Indian food company with operations spanning several decades, offering a diverse range of products that cater to every meal occasion, from breakfast and lunch to dinner, snacks and beverages and desserts. According to the Technopak Report, in Fiscal 2024, company was one of the top four companies in terms of revenue from operations among select leading spices and convenience food peers. Company's products, under its brands MTR and Eastern, are crafted with...

IPO NOTE

The company is planning to outsource its low-value products to improve asset productivity and margins in long run. Additionally, as a part of its strategy it is expanding into higher-margin convenience food by launching...

Dominant 2-W helmet play with long term potential accessories manufacturer, with its product portfolio encompassing helmets (Studds and SMK brands), luggage, gloves, rain suits, riding jackets, eyewear & more. Sales Channel mix as of FY25 58% Distributor network, 16% OEMs, 16%...

Orkla India Ltd. (OIL) is one of India's leading packaged food companies offering a wide range of spices, masalas, ready-to-eat and ready-to-cook meals, beverages and sweets under the MTR and Eastern brands. The company's portfolio comprises approximately 400 products across categories as of Jun'25. Orkla commands a strong market presence in the South Indian states of Karnataka, Kerala, Andhra Pradesh and Telangana. Furthermore, the company has presence in over 45 countries across the globe with a focus on geographies such as the GCC (Gulf Cooperation Council) countries, the USA and Canada. As of Jun'25, the company...

IPO activity is picking up after being relatively quiet for the last few weeks. There are three new mainline offerings, following the one that listed on October 24.

IPO activity remains relatively quiet this week, with only two new SME offerings. Meanwhile, one company is scheduled to begin trading, following nine new listings last week.

Company have a legacy of more than four decades in the dimensional natural stone (i.e., naturally occurring stones) industry with experience in exploration, development and operation of mines, stone processing and fabrication, sales, distribution and marketing of various types of natural stone. Company is engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability. Company is India's largest...

IPO NOTE

Midwest Ltd. is engaged in the business of exploration, mining, processing, marketing, distribution and export of natural stones. Midwest is India's largest producer and exporter of Black Galaxy Granite. The company has 20 operational Mines, comprising 16 Granite Mines, 3 Quartz Mines and 1 Marble Mine, and a...

IPO activity is slowing down this week with only one mainboard launch, a change of pace after a flurry of offerings in recent weeks. Meanwhile, nine companies are set to make their stock market debut, following 22 new listings last week.

Company is a private life insurer in India and promoted by Canara Bank (which ranks as the fourth largest public sector bank by total assets in India as at March 31, 2025), according to the CRISIL Report and HSBC Insurance (Asia-Pacific) Holdings Limited, a member of The Hongkong and Shanghai Banking Corporation Limited (HSBC) group, whose global reputation as a financial institution adds credibility and brand value to company. According to the CRISIL Report, company's...

CANARA HSBC LIFE has maintained a high Claim Settlement Ratio of 98%-99% and solvency ratio stood of 200.42%, both of which are way ahead of industry standards. Apart from a wide range of products, catering to various customers, it has been able to leverage the strong branch network of its parent Canara Bank for effective distribution and servicing its customers. Keeping in mind its strong growth prospects we would recommend a SUBSCRIBE to the issue....