Lenskart Solutions Ltd’s highly anticipated ₹7,278-crore initial public offering (IPO) was fully subscribed on its opening day, reflecting strong investor interest across categories. Both the retail and Qualified Institutional Buyer (QIB) portions were completely booked, signaling robust demand and expectations of a promising listing.
The IPO, which opened for subscription on October 31 and will close on November 4, is priced in the range of ₹382–₹402 per share. The lot size for retail investors is set at 37 shares. Ahead of the public issue, Lenskart raised ₹3,268 crore from anchor investors, including marquee global funds, further boosting market confidence.
According to data from the Bombay Stock Exchange, the IPO was subscribed 1.06 times by 3:16 PM on Day 1, with QIBs driving the bulk of the demand. Retail investor participation was also strong, with the segment fully booked within hours of opening.
In the grey market, Lenskart’s shares are commanding a premium of ₹64–₹72 over the issue price, indicating potential listing gains of 16–18%. Analysts note that despite concerns over elevated valuations, the company’s strong brand presence, tech-driven retail model, and expansion plans make it an attractive long-term bet.
Lenskart plans to utilize the IPO proceeds for expanding its offline store network, investing in technology, and pursuing strategic acquisitions. The company is currently valued at over ₹69,700 crore and is scheduled to list on stock exchanges on November 10.
