Introduction
The much-awaited Lenskart IPO has taken the Indian stock market by storm, achieving full subscription on Day 1 itself. With overwhelming participation from retail investors and institutional buyers, the eyewear giant’s public issue is turning into one of the most talked-about IPOs of the year. But the key question for investors remains — should you apply for the Lenskart IPO or wait for the listing?
Lenskart IPO Overview
The Lenskart IPO aims to raise around ₹7,000 crore, combining a fresh issue and an offer for sale (OFS) by existing shareholders. The funds raised will be utilized for expanding retail operations, repaying debts, and enhancing technology infrastructure.
- IPO Size: ₹7,000 crore
- Price Band: ₹[to be confirmed]*
- Issue Type: Book Built
- Lot Size: [expected 50–60 shares]*
- Listing Exchange: NSE, BSE
Subscription Status: Fully Booked on Day 1
Investor enthusiasm for the Lenskart IPO has been exceptional. Within hours of opening, all major investor categories — Retail, QIB (Qualified Institutional Buyers), and NII (Non-Institutional Investors) — were fully subscribed.
This strong start indicates high market confidence in Lenskart’s business model, profitability outlook, and leadership team. Market analysts believe this IPO could mirror the success of previous consumer-tech listings.
About the Company
Founded by Peyush Bansal in 2010, Lenskart has transformed the eyewear industry in India with its direct-to-consumer, technology-driven approach. The brand operates over 2,500 stores across 175+ cities and has established a strong global presence in regions like Southeast Asia, the Middle East, and Europe.
Backed by prominent investors such as SoftBank, Temasek, and KKR, Lenskart continues to innovate through AI-based lens manufacturing, virtual try-on technology, and home eye-check services — making eyewear accessible and affordable for millions.
Financial Highlights and Growth Potential
Over the past few years, Lenskart has showcased robust financial growth, supported by rising consumer demand and expansion into new markets.
- FY24 Revenue: ₹3,500 crore+ (estimated)
- EBITDA Margin: Improved from 6% to 12% YoY
- Active Users: Over 20 million customers
The company’s focus on digital integration and efficient supply chains positions it as a future-ready brand capable of scaling rapidly. Analysts expect steady growth in profitability once the IPO proceeds are deployed for expansion and debt reduction.
Grey Market Premium (GMP) Trends
The Lenskart IPO is reportedly commanding a positive Grey Market Premium (GMP), signaling strong listing expectations. A positive GMP typically reflects high investor demand and optimism about potential listing gains. However, investors are advised to rely on official data and market fundamentals rather than speculative GMP trends.
Should You Apply for the Lenskart IPO?
Pros:
✅ Market leader in organized eyewear retail
✅ Backed by global investors like SoftBank and Temasek
✅ Strong brand recognition and innovative tech adoption
✅ Expanding global presence
Cons:
⚠️ Premium valuation compared to listed peers
⚠️ Increasing competition from online fashion and eyewear startups
Expert Verdict:
If you are a long-term investor seeking exposure to a high-growth consumer brand, the Lenskart IPO offers strong potential. Its robust fundamentals, brand loyalty, and digital-first approach make it a solid investment opportunity in India’s consumer-tech space.
Conclusion
The Lenskart IPO marks a new chapter in India’s startup ecosystem, combining technology, innovation, and customer trust. With its visionary leadership and expanding global footprint, Lenskart is poised to become one of India’s most successful consumer-tech stories. For investors, this IPO isn’t just about short-term gains — it’s about believing in the future of Indian retail innovation.
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