A day before Lenskart Solutions is set to debut on the stock exchanges, Chief Executive Officer Peyush Bansal on Sunday shared an expansive vision for the eyewear company’s future. In a 10-page letter, Bansal described the public listing not as an end goal but as a fresh beginning.
In the social media post, the CEO said the company’s ambition is to deepen penetration across India, especially in smaller towns and underserved regions. “We didn’t build Lenskart to reach a valuation. We built it to reach people — from the heart of Delhi to the smallest towns in the Northeast,” he wrote. Calling the listing day “Day-Zero”, he emphasised that eyewear should combine “precision, design and joy”, making high-quality vision care accessible to millions.
‘Every customer is our IPO’
Bansal wrote that for Lenskart trust is the real measure of success. “Every customer we serve is our IPO,” he wrote. “The markets may ring the bell once, but our customers ring it every single day—when they trust us, when they smile, when they see clearly again,” Bansal said.
Highlighting the company’s technological backbone, Bansal described Lenskart as building the “operating system for eyewear”, integrating design, manufacturing, supply chain and user experience into a unified, AI-enabled network. He also reiterated the firm’s ambition to expand its smart eyewear line, ‘B by Lenskart’, aiming to “redefine what eyewear can mean”.
Subdued market mood?
However, the market mood ahead of the debut has cooled. The grey market premium (GMP) for Lenskart has crashed to zero, wiping out early expectations of a strong listing. The GMP, which had surged to Rs 108 before the IPO announcement — suggesting a potential 25% upside — now signals a flat or marginal listing despite the IPO’s robust 28x subscription.
While strong institutional participation reflects long-term confidence in Lenskart’s growth strategy, the collapse in GMP points to a subdued market debut on Monday.