Lenskart Solutions' $821 Million IPO Fuels Investors Buzz in India’s Booming Market

Lenskart IPO GMP Today: Public issue opens for subscription, check price band and important dates

The initial public offering (IPO) of the eyewear retailer Lenskart Solutions is now open for subscription. Ahead of the IPO, the company received a strong response from anchor investors, garnering bids of around Rs 68,000 crore. This is nearly 10 times the issue size of Rs 7,278 crore, and 20 times the anchor book size of more than Rs 3,200 crore. Among the investors were BlackRock, Fidelity, Nomura, and Goldman Sachs. According to the informati…

Lenskart Solutions' $821 Million IPO Fuels Investors Buzz in India’s Booming Market

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Rs 20,000 crore value? How Lenskart IPO could shift market gaze to Tata's quietest business

Titan, a retail giant, once aimed to lead India's eyewear market but its division now lags significantly behind Lenskart. Lenskart's tech-driven, omnichannel approach has made it a dominant player, highlighting Titan's traditional retail model's limitations. The upcoming Lenskart IPO may force a re-evaluation of Titan's eyewear business.

Lenskart IPO anchor book draws Rs 68,000 crore in bids from global and domestic investors

New Delhi: Eyewear retailer Lenskart Solutions on Thursday garnered a blockbuster response from anchor investors ahead of its initial public offering (IPO), receiving bids of around Rs 68,000 crore, sources said. This is nearly 10 times the issue size of Rs 7,278 crore and 20 times the anchor book size of more than Rs 3,200 crore. The anchor book saw participation from around 70 marquee investors, including leading global institutions such as th…

Lenskart IPO: Issue Subscribed 18% On Day 1 So Far

Omnichannel eyewear retailer Lenskart’s IPO saw a strong start, with the issue getting subscribed 18% within the first few hours. Retail investors led the charge, with the portion reserved for them seeing 73% subscription. They placed bids for 1.3 Cr shares against 1.8 Cr shares on offer. The employee portion followed next, witnessing a 62% subscription. Employees bid for 2.4 Lakh shares compared to 3.9 Lakh shares reserved for them. Meanwhile, …

Lenskart starts taking orders for 72.8 billion rupees India IPO

The eyewear retailer will raise 21.5 billion rupees from new shares