Particle.news
Download on the App Store
6 ARTICLES
·
10h ago

Lenskart Sets IPO Price Band at Rs 382–402 as Subscription Opens Friday

Critics question the rich pricing, highlighting the heavy offer-for-sale by existing shareholders.

Lenskart vs Titan Eye: How the two eyewear players stack up ahead of Lenskart's IPO
Image
Lenskart Founder Peyush Bansal talking about IPO | Image: File Photo

Overview

  • The IPO will be open for bids from October 31 to November 4, with allotment expected on November 6 and listing on November 10 on the NSE and BSE.
  • The price band is set at Rs 382–402 per share, implying a valuation near Rs 70,000 crore at the top end.
  • The Rs 7,278.02 crore offer comprises a Rs 2,150 crore fresh issue and about Rs 5,128 crore in an offer-for-sale by holders including SoftBank Vision Fund, Kedaara Capital, TR Capital and Chiratae, with pre-IPO backing from SBI-managed funds and R.K. Damani.
  • Lenskart reported FY25 revenue of roughly Rs 6,653 crore and a net profit of about Rs 297 crore after turning profitable in the year.
  • Analysts and social-media voices challenge the valuation and promoter share sales, as filings also flag pending FIRs linked to franchise disputes and other legal proceedings.