Liquidity Events
Eyewear retailer Lenskart’s Rs.7,278-Cr IPO subscribed over 28 times
Gurugram-based eyewear retailer Lenskart Solutions' INR 7,278 crore Initial Public Offering (IPO) was subscribed 28.26 times. The IPO was priced between INR 382 and INR 402 per share and comprised a fresh issue of shares worth INR 2,150 crore and an Offer For Sale (OFS) of INR 5,128.02 crore.The qualified institutional buyers (QIBs) category was subscribed over 40 times and the high net-worth individuals (HNIs) portion, more than 18 times. The retail segment was bid over seven times, attracting nearly 3.2 million applications. Lenskart had earlier raised INR 3,268.36 crore from anchor investorsLenskart operates an omnichannel model, combining its digital platform with 2,806 stores globally, including 2,137 in India.The company plans to use the fresh issue of shares, worth INR 2,150 crore, to fund business expansion, technology infrastructure, and marketing initiatives.
Between Oct 2011 and Jun 2024, Lenskart had attracted funding of about USD 2 B from Chiratae Ventures, Unilazer Ventures, TPG Growth, TR Capital, Pratithi Investments, PremjiInvest, Epiq Capital, Steadview Capital, SoftBank Corp, Alpha Wave Global and others.
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