Lenskart Solutions’ initial public offering (IPO) will open for public subscription on Friday, October 31, aiming to raise ₹7,278 crore. The price band for the issue is set at ₹382–₹402 per share. In the grey market, Lenskart shares are trading at a ₹111 premium, implying a 27.6% gain over the upper price range.
The IPO will close on November 4, while anchor investors can bid on October 30. Lenskart shares are expected to list on exchanges on November 10. The offer includes a fresh issue worth ₹2,150 crore and an offer for sale (OFS) of 12.7 crore shares. Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with investors like SoftBank’s SVF II Lightbulb, Schroders Capital, Kedaara Capital, and Alpha Wave Ventures, will offload stakes.
Funds raised will be used for expanding company-owned stores, technology upgrades, marketing, potential acquisitions, and other corporate needs. Lenskart, now profitable with FY25 earnings of ₹297.3 crore, runs 2,137 stores in 415 Indian cities and 669 outlets abroad. Operating in a fast-growing eyewear market projected to reach ₹1.48 trillion by FY2030, Lenskart faces risks from raw material costs and ongoing regulatory scrutiny.
