India recently saw the listing of three big IPOs — Groww, Lenskart, and PW (Physics Wallah Group). All three companies entered the stock market with strong hype, high interest, and huge expectations. But their listing performance and post-listing movement turned out to be very different. In this post, I am sharing a simple and easy explanation of how each IPO performed, using the data available as on 20 November.
I always try to explain market updates in simple words so even a beginner can understand easily. This post is written in the same style — clean, simple, and practical.
Groww IPO Performance – Best Returns Among All Three
Groww has given the strongest performance after listing compared to Lenskart and PW. Here is the data in simple terms:
- CMP: ₹157
- Issue Price: ₹100
- Listing Price (NSE): ₹112
- Listing Premium: 12%
- Profit/Loss Since Listing: 40% gain
- Listing P/E: 33.3
- Current P/E: 53
- Market Cap: ₹96,746 Cr
Groww entered the market with a 12% premium, which shows investors were confident from Day 1. But the most important point is that the stock has continued its upward movement even after listing, giving a 40% return from its listing price.
A P/E of 53 today shows that the market is willing to pay a higher valuation for future growth. People are expecting consistent expansion in its financial services business. Market cap of ₹96,746 crore also shows how big this company has become in a short period of time.
Overall, Groww is the strongest performer among the three IPOs.
Lenskart IPO Performance – Slight Discount But Slow Recovery
Lenskart’s listing was not as strong as Groww. It opened at a small discount but recovered slowly with time.
- CMP: ₹417
- Issue Price: ₹402
- Listing Price (NSE): ₹395
- Listing Discount: –2%
- Profit/Loss Since Listing: 6% gain
- Listing P/E: 284
- Current P/E: 293
- Market Cap: ₹72,292 Cr
Lenskart listed at a 2% discount, which means the stock opened slightly below the issue price. This showed that the listing sentiment was not very strong. But gradually, the stock gained around 6% from the listing price.
The biggest point here is the very high P/E ratio of 293. This means the stock is priced for high future growth. When P/E is this high, investors expect very strong performance in the coming years.
Market cap of ₹72,292 crore shows that it is still a major player in the industry and continues to be a high-valued startup even after listing.
PW (Physics Wallah Group) IPO Performance – Big Listing, Small Drop Later
PW came to the market with high excitement and opened with a strong premium. But after listing, the stock slipped slightly and now trades below the listing price.
- CMP: ₹142
- Issue Price: ₹109
- Listing Price (NSE): ₹145
- Listing Premium: 33%
- Profit/Loss Since Listing: –2%
- Listing P/E: NA
- Current P/E: NA
- Market Cap: ₹40,588 Cr
PW had the highest listing premium among all three. A 33% premium shows huge interest from investors on listing day. But after the initial excitement, the stock dropped around 2%, meaning it could not maintain its listing-day momentum.
There is no P/E ratio available, which mostly happens with companies that are still growing or still building profitability. Investors will keep a close watch on their earnings in the coming quarters to understand the long-term valuation.
Simple Comparison of All Three IPOs
If we compare Groww, Lenskart, and PW on listing day and after listing, here is the clear picture:
- Groww: Strong listing + very strong post-listing performance
- Lenskart: Weak listing + slow but positive recovery
- PW: Strong listing + slight fall after listing
Groww is clearly the winner in terms of returns, showing 40% gain since listing. Lenskart is positive but slow. PW gave a strong start but could not sustain the premium.
Why the Performance Is So Different
All three companies operate in different sectors, and their valuations, earnings, and future growth potential are also different. That’s why the listing outcomes are not the same.
- Groww has a strong brand in financial services.
- Lenskart has high valuation expectations, which affects stock movement.
- PW depends heavily on growth in the education sector.
Investor behavior, market conditions, and company numbers all play a role in how an IPO performs after listing.
Conclusion
When we compare Groww, Lenskart, and PW, it becomes clear that IPO performance does not depend only on listing day gains. Long-term growth, valuations, and market confidence matter the most.
Groww is the strongest performer right now, Lenskart is stable with slight growth, and PW needs to regain momentum.
Groww Reaches Rs 1 Lakh Crore Market Cap, Cofounder Lalit Keshre Becomes Billionaire
