Institutional and retail investors showed interest in the Lenskart IPO, as seen by the 1.13 subscriptions on Day 1. The offering, which runs from October 31 to November 4, aims to collect money for improving technology and opening more locations.
Institutional buyers and ordinary investors showed a strong interest in Lenskart Solutions Ltd.'s initial public offering, which saw a favorable reaction on the first day of bidding on Friday. On Day 1, the subscription status for Lenskart's IPO was 1.13 times.Subscriptions for Lenskart Solutions' initial public offering (IPO) will be accepted from October 31 to November 4. The pricing range for the Lenskart IPO is between ₹382 and ₹402 per share, with the ultimate goal of a valuation of more than ₹69,700 crore. The current IPO GMP for Lenskart is ₹85.
In addition to a new issuance of shares valued at ₹2,150 crore, Lenskart's OFS includes an offer for sale (OFS) of 12.75 crore equity shares from its investors and promoters.
In addition to a new issuance of shares valued at ₹2,150 crore, Lenskart's OFS includes an offer for sale (OFS) of 12.75 crore equity shares from its investors and promoters.
Investors like 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, as well as promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, will be selling their shares in the OFS.
In addition to capital expenditures for the establishment of new company-operated, company-owned (CoCo) stores in India, Lenskart plans to use the money acquired through the IPO for strategic purposes, such as paying for the lease, rent, and license costs associated with these CoCo stores.
Lenskart, which was founded in 2008, began as an online marketplace for eyewear in 2010 and launched its first physical location in New Delhi in 2013.
In addition to capital expenditures for the establishment of new company-operated, company-owned (CoCo) stores in India, Lenskart plans to use the money acquired through the IPO for strategic purposes, such as paying for the lease, rent, and license costs associated with these CoCo stores.
Lenskart, which was founded in 2008, began as an online marketplace for eyewear in 2010 and launched its first physical location in New Delhi in 2013.
The business provides its services throughout Southeast Asia and the Middle East in addition to major cities and tier-1 and tier-2 markets.
Today's Lenskart IPO GMP
Today's Lenskart IPO GMP
Today's Lenskart IPO GMP is ₹85. The expected listing price of Lenskart shares was ₹487 apiece, which is 21.14% more than the IPO price of ₹402, taking into account the upper end of the IPO pricing band and the current premium in the grey market.
Grey market activity over the past seven sessions indicates that today's IPO GMP is trending upward and is expected to have a robust listing. According to expert opinions, the highest GMP reported was ₹108, while the lowest was ₹48.00.
Investors' willingness to pay more than the issue price is shown by the "grey market premium."
Status of Lenskart IPO subscriptions
Investors' willingness to pay more than the issue price is shown by the "grey market premium."
Status of Lenskart IPO subscriptions
On day two, the subscription status for Lenskart's IPO was 1.62 times. The Qualified Institutional Buyers (QIBs) portion received 1.45 times the bids, the retail portion was subscribed 2.67 times, and the NII portion was booked 1.28 times. 2.16 subscriptions were made by employees.
According to BSE data, at 12:48 IST, the company received bids for 16,20,71,322 shares, while 9,97,61,257 shares were on sale.
On the first day, the subscription status for Lenskart's IPO was 1.13 times.
Review of Lenskart's IPO
On the first day, the subscription status for Lenskart's IPO was 1.13 times.
Review of Lenskart's IPO
According to SBICAP Securities, the company is well-positioned to capitalize on the rapidly expanding domestic organized but underutilized eyewear market because of its robust business model. Additionally, there is a chance to increase profitability in the medium to long term as the company grows. The market will continue to keep a close eye on Lenskart's path to profitability as the listed foreign competitors exhibit a strong margin profile.
According to the company's historical performance, its stated EBITDA margin has continuously increased from 7.0% in FY23 to 14.7% in FY25. Investors will be closely monitoring any further improvements. The brokerage advised investors to SUBSCRIBE to the IPO for the long run at the cut-off price.
Because of Lenskart's return to profitability, the 65% market penetration potential among India's 777 million people with vision problems, the technology-driven 10-month payback period for stores, and the sustainable competitive advantages that provide significant value creation in India's rapidly growing eyewear retail market, the brokerage SMIFS stated that they advise investors to subscribe to the offering. This presents a high-risk but high-reward opportunity for long-term investors.
Because of Lenskart's return to profitability, the 65% market penetration potential among India's 777 million people with vision problems, the technology-driven 10-month payback period for stores, and the sustainable competitive advantages that provide significant value creation in India's rapidly growing eyewear retail market, the brokerage SMIFS stated that they advise investors to subscribe to the offering. This presents a high-risk but high-reward opportunity for long-term investors.
Details about Lenskart's IPO
As part of its IPO, Lenskart's promoters and investors would sell 12.75 crore equity shares in addition to issuing new shares for ₹2,150 crore.
Along with 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, the promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will be selling their shares as part of the transaction.
As part of its IPO, Lenskart's promoters and investors would sell 12.75 crore equity shares in addition to issuing new shares for ₹2,150 crore.
Along with 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, the promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will be selling their shares as part of the transaction.
A BSE circular states that the company has given anchor investors 8.13 crore equity shares at a price of ₹402 apiece, for a total of ₹3,268 crore.
In addition to covering the costs of leases, rents, and license agreements for these locations, Lenskart plans to use the money earned from the IPO for strategic initiatives like capital expenditures linked to opening new company-operated, company-owned (CoCo) stores in India.
The company has also listed expenditures in cloud infrastructure and technology, brand marketing and promotions to increase brand awareness, possible acquisitions that have not yet been disclosed, and general business objectives.
In addition to covering the costs of leases, rents, and license agreements for these locations, Lenskart plans to use the money earned from the IPO for strategic initiatives like capital expenditures linked to opening new company-operated, company-owned (CoCo) stores in India.
The company has also listed expenditures in cloud infrastructure and technology, brand marketing and promotions to increase brand awareness, possible acquisitions that have not yet been disclosed, and general business objectives.
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