The IPO of famous eyewear company Lenskart is scheduled to launch tomorrow, 31st October. Bids for this can be made till November 4. The issue size of the IPO is ₹7,278.02 crore. The price band of the IPO has been fixed at ₹382-₹402 per share.
In this IPO, 53.5 million equity shares worth ₹2,150 crore will be issued and about 128 million equity shares will be sold through OFS. The equity shares of Lenskart Solutions will be listed on both BSE and NSE stock exchanges. The IPO listing date has been fixed for November 10, 2025. Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global and Intensive Fiscal are the book-running lead managers to the IPO, while MUFG Intime India Private Limited is the IPO registrar.
What is the GMP of IPO?
Lenskart’s IPO has made a strong entry in the gray market even before its opening. Its gray market premium (GMP) still remains strong. Today, its gray market premium (GMP) is ₹70 per share, meaning its shares are trading ₹70 per share above its IPO price in the gray market.
With the announcement of the price band on Monday, its GMP witnessed a significant increase in the gray market. Even on that day, the shares were trading at a premium of ₹75, representing an increase of 18.66% compared to the IPO’s upper price band of ₹402. Lenskart is the fourth largest IPO of this year so far. Earlier, companies like Tata Capital, HDB Financial Services and LG Electronics have launched their IPOs.
Promoter Neha Bansal sold her stake
Meanwhile, Neha Bansal, one of the promoters of Lenskart Solutions, sold 0.15% stake worth ₹100 crore to two schemes of SBI Mutual Fund in a pre-IPO offering. The transaction took place at the upper price band of the IPO, ₹402 per share. Before this transaction, Neha held 7.61% stake in the company, and now, after transferring 2.5 lakh equity shares to the mutual fund, she holds 7.46% stake in the company.
In the same transaction, SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) invested at a transfer price of ₹402 per equity share. The company bought 870,646 shares, or 0.05%, of Lenskart, while SBI Emergent Fund bought 1,616,915 shares, or 0.10%. Earlier, on October 23, well-known investor and DMart founder Radhakishan Damani had invested around ₹90 crore in Lenskart through a pre-IPO transaction. According to media reports, Neha Bansal married Srikant R. Sold 2,238,806 equity shares to Damani.
