The Lenskart IPO listing finally played out on the Indian stock market, and the debut brought a mix of anticipation, noise, and a slightly softer opening than many expected. For India’s largest omni-channel eyewear retailer, the listing day turned into a moment of heavy interest, high traffic, and cautious sentiment across Dalal Street.
Market Performance: Lenskart Share Price Starts on the Back Foot
The listing day saw Lenskart make its entry on both exchanges at levels below the issue price. The mood in early trade looked subdued, even though the IPO was one of the most talked-about listings of the year.
- Lenskart share price on BSE: ₹390
(Listed at a 2.99% discount to the issue price of ₹402) - Lenskart share price on NSE: ₹395
(Listed at a 1.74% discount)
For an IPO that carried strong buzz through the subscription phase, the discounted listing surprised a segment of the market. It also became the third IPO in a row to see a weaker debut on Dalal Street within the same week.
Main News: Lenskart IPO Listing Details & Subscription Numbers
Despite the softer listing, the Lenskart IPO news was dominated by its strong subscription interest. The numbers spoke for themselves, reflecting the kind of demand that usually hints at a hot listing.
The ₹7,278 crore public issue saw heavy bidding across categories:
- Total subscription: 28.26 times
- QIB subscription: 40.35 times
- NII subscription: 18.23 times
- Retail subscription: 7.54 times
Investors bid for 281,88,45,629 shares against 9,97,61,257 shares on offer.
The Lenskart IPO price band was fixed at ₹382–₹402, with the upper band valuing the company at around ₹69,700 crore. The issue included:
- Fresh issue: ₹2,150 crore
- Offer for sale: 12.75 crore shares by existing promoters and investors
These figures made the Lenskart IPO one of the largest consumer-tech offerings in recent years and one of the most closely tracked listings of the quarter.
Company Details: How Lenskart Plans to Use the IPO Funds
The Lenskart IPO wasn’t just about raising capital — it was tied to a set of clearly defined expansion goals.
The company plans to deploy the fresh issue towards multiple growth initiatives, including:
- Setting up new company-owned and company-operated (CoCo) stores across India
- Payments related to lease, rent, and licensing for upcoming stores
- Investments in technology, cloud infrastructure, and brand marketing
- Enhancing visibility through strategic promotional activities
- Allocating funds for potential inorganic acquisitions
- General corporate purposes
These investments tie directly into Lenskart’s ambition to strengthen its leadership in India’s eyewear market and deepen its reach across new geographies.
What Lenskart Does
Founded in 2008, Lenskart has grown into one of India's largest omni-channel eyewear platforms. Its offerings include:
- Prescription eyeglasses
- Sunglasses
- Contact lenses
From metros to tier-2 markets, Lenskart has built a strong domestic footprint. The company also operates in Southeast Asia and the Middle East, giving the brand a wider global presence.
Lenskart IPO Listing Price: What the Debut Signals
The initial dip in the Lenskart stock price on listing day reflects the broader mood in the market—where even heavily subscribed IPOs have faced a more cautious reception.
Yet, the larger takeaway is simple:
Lenskart arrived on the public markets with significant investor attention, solid subscription numbers, and a business model that continues to evolve across India and key international markets.
The listing may have begun at a discount, but the story of the Lenskart IPO is far from over.
Summary
- Lenskart IPO listing date: November 10
- Lenskart IPO listing price:
- ₹390 on BSE (2.99% discount)
- ₹395 on NSE (1.74% discount)
- Total IPO size: ₹7,278 crore
- Subscription: 28.26 times
- Price band: ₹382–₹402
- Fresh issue: ₹2,150 crore
- OFS: 12.75 crore shares
- Use of funds: Expansion of stores, tech investment, marketing, leases, and general corporate activities
- Business presence: India, Southeast Asia, Middle East
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