Lenskart's Rs 7,278-crore IPO fully subscribed on day 1 as QIB, retail demand signals strong listing
Lenskart's IPO drew 1.06x subscription on day one, led by QIBs at 1.42x and retail at 1.12x. Priced at Rs 382-402, the issue values the eyewear retailer at over Rs 69,700 crore. Proceeds fund new CoCo stores, tech and marketing. Listing slated for November 10.
Lenskart's Rs 7,278-crore IPO was fully subscribed on day one with strong QIB and retail demand. Proceeds fund new CoCo stores, tech and marketing. Listing set for November 10 at over Rs 69,700 crore valuation.
Why this matters
Lenskart's strong day-one demand follows its earlier filing of a ₹2,150 cr IPO with plans for 620 new stores by 2029, and earmarking over Rs 800 crore for retail expansion amid margin pressure.
Retail-company signals steady at 4,168 over the past 90 days.
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- Times of India · Business — Same time