Lenskart’s initial public offering (IPO) has received strong investor interest, being subscribed 1.99 times overall so far on the second bidding day.
As of 4.30 pm, the qualified institutional buyers (QIB) category was subscribed 1.64 times, while non-institutional investors (NIIs) subscribed 1.83 times. The retail investor segment saw the highest demand, with subscriptions reaching 3.28 times.
Additionally, the portion reserved for employees was subscribed 2.59 times.
The company’s IPO will on November 4, 2025.
The eyewear firm fixed a price band of ₹382 – ₹402 per share for the IPO, targeting a valuation of over ₹69,700 crore at the upper end.
The public issue consists of fresh issue of shares worth ₹2,150 crore and an offer for sale (OFS) of 12.75 crore equity shares by promoters and investors.
Ahead of the IPO, Lenskart raised ₹3,268 crore from anchor investors.
Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi; and investors SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund-II, Macritchie Investments Pte Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP will offload shares.
Lenskart plans to use the IPO proceeds for various strategic initiatives, including capital expenditure to establish new company-operated, business promotion and general corporate purposes.
The stock will likely list on NSE and BSE on November 10, 2025.
Published on November 3, 2025
