Lenskart shares list at 3% discount on BSE and NSE:Stocks trade at around ₹390 against IPO price of ₹402; issue subscribed 28.27 times

Eyewear brand Lenskart made a weak debut on the stock exchanges today, listing at a 3% discount to its issue price. On the BSE, shares opened at ₹390, down 2.99%, while on the NSE, they began trading at ₹395, down 1.74% from the IPO price of ₹402. The IPO saw strong demand, receiving an overall subscription of 28.27 times over three days. The retail category was subscribed 7.56 times, while the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories saw 40.36 times and 18.23 times subscription, respectively. According to Moneycontrol, despite heavy oversubscription, Lenskart’s shares traded about ₹10 lower (around 2.5%) in the grey market ahead of the listing. The IPO was open from October 31 to November 4, with a price band of ₹382–₹402 per share. Investors could apply for a minimum of one lot (37 shares), amounting to ₹14,874 at the upper price band. Through the IPO, Lenskart raised ₹7,278 crore at an estimated valuation of ₹70,000 crore. The company issued 5.35 crore new shares worth ₹2,150 crore, while existing investors sold 12.76 crore shares valued at ₹5,128 crore. Lenskart Reports ₹297 Crore Profit in FY2025 Lenskart delivered a strong performance in the financial year 2025, posting a profit of ₹297 crore, a sharp turnaround from a loss of ₹10 crore in FY2024. The company’s revenue grew 22%, rising from ₹5,428 crore to ₹6,625 crore, reflecting robust business momentum and improved operational efficiency. Lenskart Launched 105 New Collections in FY2025 In FY2025, Lenskart introduced 105 new eyewear collections globally and sold 2.72 crore (27.2 million) eyewear units to 1.241 crore (12.41 million) customers. The company recorded over 100 million app downloads and 104.97 million annual website visitors, operating a network of 2,723 stores worldwide. Valued at $5 Billion in 2024 In June 2024, Lenskart raised $200 million (approximately ₹1,775 crore) at a $5 billion valuation. The company continues to lead the eyewear sector with a profitable business model and is expanding rapidly in international markets, particularly in Thailand. Lenskart was started in 2010 The Story of Lenskart and Its Founder, Peyush Bansal Lenskart, founded in 2008, began as an online eyewear platform in 2010 and opened its first retail store in 2013. Today, it operates one of India’s largest eyewear retail networks. Bansal, along with a friend from Kolkata, envisioned creating a company that would change the mindset of Indians who typically avoided wearing glasses. Through LinkedIn, they connected with Sumeet Kapahi, who had recently left his job at an eyewear company. Together, they launched Valyoo Technologies in 2010, which managed several e-commerce ventures — including Lenskart, Jewelkart, Bagkart, and Watchkart. However, after recognizing the enormous potential in the eyewear segment, the team decided to focus exclusively on Lenskart. What Is an IPO? An Initial Public Offering (IPO) occurs when a company offers its shares to the public for the first time. Businesses often require funds to expand their operations, and instead of borrowing, they can raise capital by selling shares to investors. By issuing new shares to the public, companies invite individuals and institutions to become part-owners — a key reason why companies bring IPOs to the market.