Lenskart Solutions Ltd., the popular eyewear brand led by Peyush Bansal, has officially announced the price band for its much-awaited initial public offering (IPO). The Lenskart IPO is priced between ₹382 and ₹402 per share, with a total issue size of ₹7,278 crore.
The IPO will open for subscription on October 31 and will close on November 4, according to the company’s public advertisement.
Investment Size and Lot Details
Investors can bid for a minimum of 37 shares per lot, which requires an investment of ₹14,874 at the upper price band. The IPO is expected to attract significant attention from both retail and institutional investors due to Lenskart’s strong brand presence in India’s growing eyewear market.
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Valuation and Issue Structure
At the upper price band of ₹402, Lenskart’s valuation stands at nearly ₹70,000 crore, reflecting strong market confidence in the company’s business model and growth potential.
The IPO includes:
Fresh issue of shares worth ₹2,150 crore
Offer for Sale (OFS) of 12.75 crore equity shares, amounting to around ₹5,128 crore
The OFS will see participation from key investors, including Softbank Vision Fund, Kedaara Capital, TR Capital, and Chiratae Ventures, who will be offloading part of their stakes.
Key Takeaways for Investors
IPO Price Band: ₹382–₹402 per share
Total Issue Size: ₹7,278 crore
Fresh Issue: ₹2,150 crore
OFS Size: ₹5,128 crore
IPO Dates: October 31 – November 4
Minimum Investment: ₹14,874 (37 shares per lot)
Valuation: Nearly ₹70,000 crore at the upper price band
What Makes This IPO Stand Out?
Lenskart has built a strong reputation in the eyewear sector with a robust online and offline presence across India. Its innovative retail strategy, strong brand identity, and expanding product portfolio have made it one of India’s leading D2C success stories.
This IPO marks a major milestone for the company, giving investors a chance to be part of its growth journey as it continues to expand in both domestic and international markets.
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