Lenskart lists at ₹69,967 cr market cap after 28.3x-subscribed IPO
Peyush Bansal-led omnichannel eyewear retailer debuts on the public markets following a Rs 7,278 crore offering subscribed 28.3x with ~Rs 1 lakh crore in bids. Proceeds back store expansion, tech and marketing, though GMP crashed to zero pre-listing, flagging tepid debut momentum.
Lenskart, the omnichannel eyewear retailer led by Peyush Bansal, listed at a ₹69,967 crore market cap after a 28.3x-subscribed IPO. Proceeds fund store expansion, tech and marketing, though GMP crashed to zero pre-listing.
Why this matters
Lenskart's debut follows its Rs 7,278-crore IPO being fully subscribed on day 1 on strong QIB and retail demand, but HSBC's 'Hold' rating flagged valuation concerns against the 7,000-store plan.
Retail-company signals accelerating at +418900% QoQ.