Lenskart shares list at ₹395, fall slightly
Lenskart just wrapped up its IPO, raising a solid ₹7,278cr. Shares were offered at ₹382-402 each and the IPO was open from October 31 to November 4.
Demand was huge—the issue got oversubscribed by over 28 times!
On listing day (November 10), shares opened at ₹395 on the NSE, which is about 1.7% below the top issue price, but they bounced back a bit as trading continued.
Lenskart is India's biggest eyewear retailer
Lenskart is India's biggest eyewear retailer by volume, running over 2,700 stores in India and abroad.
They design and make their own glasses and contact lenses, selling directly to customers for better prices and faster delivery.
In FY25, they reported revenue of ₹6,652 crore, a 25% increase from the previous year.
What will the company do with the IPO proceeds?
Lenskart plans to use these funds to open more company-run stores, upgrade their tech game, boost brand marketing and maybe even buy out other brands.
Fun fact: big names like SBI Mutual Fund (₹100cr) and Radhakishan Damani (₹90cr) invested before the IPO went live.