Overview
- Lenskart’s ₹7,278 crore IPO is priced at ₹382–₹402 per share, comprises a ₹2,150 crore fresh issue and an offer for sale of about 12.75 crore shares, and is slated to allot on Nov. 6 and list on Nov. 10.
- By mid‑session on Day 1, NSE data showed the issue covered about 1.06 times overall, with QIBs at 1.42 times, retail at 1.12 times and NIIs around 0.30 times.
- The anchor book drew bids of roughly ₹68,000 crore and the company allocated ₹3,268 crore to 147 anchors at ₹402, including global investors such as BlackRock, GIC, Fidelity and Capital International.
- The price band implies a market capitalisation near ₹70,000 crore, with brokerages calling the offer expensive on metrics like EV/Sales and P/E and largely advising subscription only with a long‑term view.
- Grey market indications have been volatile, with reported premiums ranging from about ₹48 to ₹108 in recent days, and the company’s RHP flags risks including dependence on Chinese suppliers and pending legal proceedings involving senior personnel.