Lenskart IPO Sees Strong Investor Demand, Subscribed 1.99 Times on Day 2

Lenskart's Initial Public Offering (IPO) has received robust investor backing, achieving an overall subscription of 1.99 times by the close of its second bidding day, as of 4:30 PM. The demand was particularly strong in the retail investor segment, which saw subscriptions at 3.28 times the offered shares. Employee reservations were also high, at 2.59 times. Qualified Institutional Buyers (QIBs) subscribed 1.64 times, and Non-Institutional Investors (NIIs) subscribed 1.83 times.

The company has set a price band for its shares at ₹382 to ₹402. At the upper end of this band, Lenskart is targeting a substantial valuation of over ₹69,700 crore. The IPO structure includes a fresh issue of shares worth ₹2,150 crore, intended to infuse capital into the company. Complementing this is an Offer for Sale (OFS) where promoters and existing investors, including prominent names like Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi, SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund-II, Macritchie Investments Pte Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, will sell a total of 12.75 crore equity shares.

Proceeds from the IPO are earmarked for strategic purposes, including capital expenditure to establish new company-operated stores, business promotion activities, and general corporate requirements. The stock is anticipated to list on the NSE and BSE on November 10, 2025.

Impact This strong subscription indicates significant investor confidence in Lenskart's business model and growth trajectory. It suggests a positive market reception for the company's public offering, which could potentially boost its expansion plans and market position. The successful IPO may also influence investor sentiment towards other upcoming technology and retail sector listings. Rating: 8/10

Difficult Terms: IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time, enabling it to raise capital and become a publicly traded entity. Qualified Institutional Buyers (QIBs): Large institutional investors such as mutual funds, foreign institutional investors, and banks that are registered with the Securities and Exchange Board of India (SEBI). Non-Institutional Investors (NIIs): Investors who apply for shares worth more than ₹2 lakh but are not QIBs. This category typically includes high-net-worth individuals and corporate bodies. Retail Investor Segment: Individual investors who invest smaller amounts of money in an IPO. Offer for Sale (OFS): A mechanism allowing existing shareholders (promoters or investors) to sell their shares to the public. Unlike a fresh issue, the company itself does not receive any funds from an OFS. Promoters: The founders or original owners of a company who usually retain significant stake and control. Valuation: The estimated monetary worth of a company, determined by factors like earnings, assets, growth prospects, and market demand.