Lenskart's ₹7,278cr IPO to open on October 31
Lenskart, India's go-to eyewear brand, will open its IPO for subscription on October 31, running until November 4.
The company is looking to raise ₹7,278 crore—₹2,150 crore as fresh shares and ₹5,128 crore through an offer-for-sale by existing investors.
Shares are priced between ₹382-₹402 each, with a minimum bid of 37 shares.
Lenskart's journey so far
Started in 2008, Lenskart runs over 2,700 stores across India, Southeast Asia, and the Middle East.
They sell prescription glasses, sunglasses, and contact lenses both online and offline.
With a manufacturing base in Rajasthan and backing from big investors like SoftBank and Kedaara Capital, they've built a strong global presence.
What will the funds be used for?
The funds will help Lenskart open more stores, upgrade their tech game, and possibly make new acquisitions.
Their steady growth and efficient operations have already caught the eye of major investors at home and abroad—making this IPO one to watch if you're interested in how Indian brands are going global.