Overview
- Lenskart will open subscriptions Oct. 31–Nov. 4 with a price band of Rs 382–402, a minimum lot of 37 shares, and a retail quota capped at 10%.
- At the top band, the implied market value nears Rs 70,000 crore, translating to a projected P/E of roughly 236x for FY2025.
- The issue comprises a Rs 2,150 crore fresh issue and about Rs 5,128 crore via offer for sale by existing investors including SoftBank Vision Fund, Kedaara, TR Capital and Chiratae.
- Quant MF’s Sandeep Tandon warned of “stupidity” in paying unreal prices, while an open letter by analyst Jayant Mundhra questioned disclosures and overseas assets as social media criticism intensified.
- Company filings note ongoing criminal, tax and civil cases including FIRs tied to franchise disputes, even as pre‑IPO buys by SBI‑managed funds (~Rs 100 crore) and R.K. Damani (~Rs 90 crore) were reported; veteran investor Shankar Sharma called the pricing a “steal” versus past tech IPOs.