Post by : Badri Ariffin

Eyewear giant Lenskart is gearing up for its much-awaited debut on Dalal Street, with its IPO price band fixed between ₹382 and ₹402 per share of ₹2 face value. The public issue will open on October 31 and remain open till November 4, with anchor investor allocation scheduled for October 30.

The company aims to raise ₹2,150 crore through fresh equity shares, alongside an offer-for-sale (OFS) of over 12.75 crore shares by promoters and early investors. Founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with global investors such as SoftBank’s SVF II Lightbulb (Cayman) Ltd, Schroders Capital, Macritchie Investments, and Alpha Wave Ventures, are among those offloading their holdings.

Lenskart has reserved 75% of shares for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. Eligible employees will receive a ₹19 per share discount. The lot size for bidding is 37 equity shares, and bids can be placed in multiples of 37 thereafter.

According to the tentative timeline, the basis of allotment will be finalized on November 6, with refunds and credit to demat accounts on November 7. The stock is likely to list on BSE and NSE on November 10.

Funds raised from the IPO will be utilized for expanding company-operated retail stores across India, covering lease and rent costs, upgrading technology systems, boosting marketing efforts, and supporting potential acquisitions.

Founded in 2008, Lenskart started as an online eyewear platform in 2010 and opened its first offline store in 2013. Today, it is among India’s leading omni-channel eyewear brands, with presence across Tier-1 and Tier-2 cities, and a growing international footprint in Southeast Asia and the Middle East.

In a recent pre-IPO funding round, billionaire investor Radhakishan Damani, founder of DMart, reportedly invested around ₹90 crore in Lenskart — a signal of strong market confidence ahead of the company’s public debut.

#Global #News #News, #AI,