Leading eyewear retailer Lenskart Solutions Ltd. made its debut on the stock market on Monday. However, its shares disappointed investors on listing day. While the IPO issue price was ₹402 per share, Lenskart’s stock listed at a discount of ₹7 on the NSE at ₹395, and at a discount of ₹12 on the BSE at ₹390.
As part of its ₹7,278 crore fundraise, Lenskart offered 9.97 crore shares for sale, receiving bids for 281 crore shares in total. The Qualified Institutional Buyers (QIB) category was subscribed 40.35 times, the Non-Institutional Investors (NII) category was 18.23 times oversubscribed, and the Retail portion saw a 7.54 times subscription.
The company had set the IPO price band between ₹382 and ₹402 per share.
Meanwhile, Lenskart is preparing to launch AI-powered smart glasses by the end of December.
Peyush Bansal shared an emotional post:
At the time of listing, Lenskart CEO Peyush Bansal shared an emotional post:
“Lenskart is ringing the bell on Dalal Street. It doesn’t feel like an ending — it feels like a beginning. As we start a new chapter, we want India to be a part of it. Whenever you wear Lenskart glasses, take a selfie and share it with the hashtag #VisionForBillion,”
He also expressed heartfelt thanks to his team and customers for their continued support.