Eyewear retail giant Lenskart Solutions marked a successful debut in the primary market as its ₹7,278-crore initial public offering (IPO) was fully subscribed on the very first day of bidding. The IPO opened for public subscription on October 31, 2025, and witnessed robust demand across investor categories, reflecting strong confidence in the company’s growth trajectory and market positioning.
The public issue comprises a fresh issuance of 5.35 crore equity shares worth ₹2,150 crore and an offer for sale (OFS) of 12.76 crore shares aggregating ₹5,128.02 crore. The price band for the IPO was set between ₹382 and ₹402 per equity share, aiming for a valuation of approximately ₹70,000 crore.
According to data from the National Stock Exchange (NSE), the IPO received bids for over 11.23 crore shares against the offer size of 9.98 crore shares, translating to an overall subscription of 1.13 times by the end of Day 1. The Qualified Institutional Buyers (QIB) segment led the demand, with 1.39 times subscription, driven by foreign institutional investors (FIIs) and domestic financial institutions. Retail investors also showed strong interest, subscribing 1.11 times their allotted quota.
The Grey Market Premium (GMP) for Lenskart’s IPO surged by over 23%, indicating positive sentiment and expectations of a strong listing performance. The company had already raised ₹3,268 crore from anchor investors ahead of the public issue, further boosting investor confidence.
Lenskart plans to utilize the IPO proceeds for expanding its retail footprint, investing in technology, and exploring strategic acquisitions. The subscription window will remain open until November 4, and the allotment is expected to be finalized by November 6. The listing is scheduled for November 10 on the BSE and NSE.
With this IPO, Lenskart joins the ranks of high-profile consumer tech companies tapping into public markets, signaling a broader investor appetite for scalable, digitally driven retail businesses.
