Overview
- Subscription runs Oct 31–Nov 4 in a Rs 382–402 band with a 37-share lot, allotment slated for Nov 6 and listing on Nov 10.
- The issue combines a Rs 2,150 crore fresh sale with about Rs 5,128 crore offered by existing holders, with 10% reserved for retail investors; fresh proceeds target store expansion, lease payments, brand marketing, capex and technology.
- Lenskart raised Rs 3,268 crore from anchors by allotting 8.13 crore shares at Rs 402 to 147 investors, including marquee global funds and 21 domestic mutual funds.
- Sources reported bids of roughly Rs 68,000 crore for the anchor book, with foreign institutions accounting for more than half of the demand.
- Pricing implies nearly Rs 70,000 crore market value and a P/E above 230x FY25, while grey‑market premiums have fallen sharply this week, an unofficial signal of tempered listing gains.