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Lenskart IPO allotment status on laptop screen |
Lenskart IPO Creates History: Shares Set to Debut at 7% Premium as Investors Await Life-Changing Listing Gains
The moment that millions of investors have been anxiously awaiting has finally arrived as Lenskart Solutions, India's revolutionary eyewear disruptor, stands poised to make stock market history with its spectacular ₹7,278 crore public offering that has captured the nation's imagination and shattered subscription records. In an unprecedented display of investor confidence, the Lenskart IPO witnessed an electrifying response, getting oversubscribed by a staggering 28.2 times as bids poured in for 281.9 crore shares against the 9.97 crore shares on offer, creating a frenzy that reflects the market's overwhelming belief in Peyush Bansal's vision to transform how India sees the world. With the grey market premium (GMP) currently hovering around ₹31 per share, market experts predict that Lenskart shares could list at approximately ₹433 on November 10—a thrilling 7% premium over the issue price of ₹402 that could generate massive wealth for lucky allottees in what promises to be one of the most dramatic market debuts of the year.
The extraordinary investor enthusiasm was led by qualified institutional buyers (QIBs) who oversubscribed their portion by an incredible 40.36 times, while non-institutional investors demonstrated equally strong faith with 18.2 times subscription and retail investors showed robust participation at 7.56 times. This overwhelming response comes despite analysts cautioning about the company's rich valuations at approximately 235 times FY25 earnings, though brokerages like SMIFS and Arihant Capital have recommended subscribing to the issue, citing Lenskart's phenomenal revenue growth at 32.5% CAGR from ₹3,788 crore in FY23 to ₹6,653 crore in FY25 and its remarkable journey to profitability with PAT soaring to ₹297 crore in FY25 from a loss of ₹64 crore in FY23. The company's visionary CEO Peyush Bansal emotionally described the IPO as "a pit stop, not the destination," expressing humility at the faith shown by Indian mutual funds, FIIs, retail investors, and employees while emphasizing that with AI revolutionizing the industry, "a whole new journey begins" for the company that has become synonymous with affordable, stylish eyewear for millions of Indians.
For the countless investors now eagerly checking their allotment status, the process is straightforward—they can visit the BSE website or the registrar MUFG Intime India's portal and enter their application number or PAN to discover if they've secured a stake in what analysts are calling a "high-risk, high-potential opportunity" in one of India's fastest-growing consumer sectors. With India's eyewear market projected to reach ₹1.48 trillion by FY30 and growing at 13% CAGR, Lenskart's vertically integrated model that manufactures 30-40 million lenses and 25 million frames annually positions it perfectly to capitalize on the massive untapped demand, with 65% of India's vision-impaired population still unaddressed. As November 10 approaches, all eyes remain fixed on what could become one of the most memorable listings in recent memory, potentially marking the beginning of an exciting new chapter for Indian retail investors and the visionary startup ecosystem alike.
Source: BSE/NSE IPO Data, Brokerage Reports, Company RHP Documents