Overview
- Shares are priced at ₹382–402 with a 37‑share lot, the offer runs Oct 31–Nov 4, allotment is due Nov 6 and listing is set for Nov 10 on the NSE and BSE.
- Lenskart allotted 8.13 crore shares at ₹402 to 147 anchor investors to raise ₹3,268 crore after reported anchor bids of about ₹68,000 crore from global and domestic funds.
- At the upper band the offer implies nearly ₹70,000 crore market value and a P/E near 230–236x, with brokerages urging caution and leaning to long‑term or listing‑gains strategies.
- The grey‑market premium was about ₹74 this morning—roughly 18% over the top band—after swinging from a reported peak near ₹108, though GMP is unofficial and volatile.
- Fresh‑issue proceeds of ₹2,150 crore are earmarked for CoCo store leases, brand marketing, capex and technology, as filings highlight legal proceedings, China‑linked sourcing risk and data‑sensitivity concerns alongside a FY25 profit of ₹297 crore on ₹6,652 crore revenue.