Lenskart IPO Subscribed 9% on Day 1 So Far

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.

Also Read: Starlink Kicks Off Hiring Drive in India Before Broadband Rollout

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

  Click here to explore:
  FII DII Data
  IPO
  BSE Sensex