Eyewear retailer Lenskart’s ₹7,278 crore initial public offering (IPO) opened for public bidding on October 31, and was subscribed 9% so far on Day 1, as per NSE data at 11 am.

The IPO received bids for over 88.55 lakh shares against the offer size of 9.98 crore shares.

Retail Investors Lead Early Subscriptions

Among investor categories, retail investors showed the strongest response, subscribing to 37% of their allotted portion.
Non-Institutional Investors (NIIs) subscribed to 8%, while Qualified Institutional Buyers (QIBs) are yet to make any significant bids in the issue.

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Issue Structure and Price Band

The Lenskart IPO comprises:

Fresh issue: ₹2,150 crore worth of new shares
Offer for Sale (OFS): 12.75 crore shares by existing shareholders

The issue will remain open for bidding from October 31 to November 2.

At a price band of ₹382–₹402 per share, Lenskart aims for a valuation of around ₹70,000 crore.

GMP Trends Up Slightly

The grey market premium (GMP) for Lenskart shares saw a slight rise on the first day of subscription, reflecting moderate investor interest ahead of the listing.

Key Highlights

IPO size: ₹7,278 crore
Price band: ₹382–₹402 per share
Day 1 subscription: 9% (as of 11 am, Oct 31)
Retail portion: 37% subscribed
NII portion: 8% subscribed
QIB participation: Minimal so far
Valuation target: ~₹70,000 crore
IPO dates: Oct 31 – Nov 2
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ByPradeep Sangatramani

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Pradeep Sangatramani, founder and CEO of NiftyTrader, is an IIM Calcutta alumnus with a background in engineering. Passionate about the stock market from early on, he spent years studying its dynamics and working in roles focused on market analysis, trading tools, and financial data. Realising the challenges traders face in accessing user-friendly tools, he built NiftyTrader to offer data-driven, easy-to-use solutions. Committed to transparency and education, Pradeep actively shares insights through articles and webinars, aiming to empower traders at all levels.