Lenskart debuts at ₹69,967 crore market cap after 28.3x subscription
Omnichannel eyewear retailer Lenskart listed Monday at a ₹69,967 crore valuation following a 28.3x oversubscribed offer that drew Rs 1 lakh crore in bids. SoftBank's 13% stake is now worth ~$1 billion, potentially its biggest India return. But grey market premium crashed 70% to near zero pre-debut, signaling tempered investor enthusiasm.
Omnichannel eyewear retailer Lenskart listed Monday at ₹69,967 crore market cap after 28.3x subscription. SoftBank's 13% stake now worth ~$1 billion, potentially its biggest India return. GMP crashed to zero pre-debut despite strong subscription.