Another big and much-talked-about IPO is nearing its launch date. The Peeyush-Bansal-owned and Radhakishan Damani-backed Lenskart IPO will be launched on October 31. After Tata Capital, HDB Financial and LG Electronics India, this is set to be the fourth-largest IPO in 2025. It is aiming to raise Rs 7,278 crore approximately. The price band of the issue is set between Rs 382–402 per share.
Here is a look at the key details of the IPO from valuation to issue size and GMP-
Lenskart IPO: Issue size, structure
The Lenskart IPO will be available for bidding between October 31 and November 04. It will be a combination of new share issuance and offer for sale. The company aims to raise approximately Rs 7,278 crore in all.
Rs 2,150.00 crore is going to be raised as a fresh issue. The offer for sale comprises 12.76 crore shares. This has been reduced by 0.47 crore shares from the originally planned 13.2 crore shares.
The price band for the issue is is set between Rs 382–402 per share. This is on the basis of the pre-IPO transaction between Neha Bansal and DMart founder Radhakishan Damani’s spouse, where a 0.13% stake was sold by co-founder Neha Bansal for Rs 90 crore.
Lenskart IPO: Key investors offloading stake
The 12.76 crore offer for sale will see some Lenskart diluting stake. These include the likes of Softbank, TR Capital, Kedaara Capital and Chiratae. Promoter Peyush Bansal, along with co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, are also going to offload stake.
Lenskart IPO: Issue objectives
The key objective of the proceeds from the fresh share issuance includes capital expenditure for store expansion and investment in technology and cloud infrastructure. Parts of the proceeds are also going to be utilised for unidentified inorganic expansion.
Lenskart IPO: GMP
The most recent rates indicate a grey market premium of Rs 70. However, readers must remember that the grey market premium is an unofficial indicator of investor sentiment. Sometimes, the actual listing price can vastly differ from the GMP.
Lenskart IPO: Allotment, listing date
The Lenskart IPO allotment is likely to be finalised on November 6, and the listing date is expected to be fixed as November 10.
Lenskart IPO: Key shareholding
The latest updated DRHO indicates that Lenskart’s current promoter shareholding is around 19.85%. The public investor holding is at 79.72%, and employee trusts are at 0.43%.
