New Delhi, October 31 — Lenskart Solutions Ltd., the omnichannel eyewear retailer, launched its ₹2,150 crore IPO today with a price band of ₹382 – ₹402 per share. The company aims to fund store expansion, improve supply chain efficiency, and repay part of its debt through the proceeds.
Industry experts note that Lenskart’s IPO comes amid a rebound in Indian primary markets, with strong appetite for consumer-facing tech ventures. The company, backed by SoftBank, Temasek, and Ritesh Agarwal’s Aroa Ventures, has already raised ₹430 crore through a pre-IPO placement.
Grey market data show strong investor interest, with an estimated 27 % premium over the upper price band. However, analysts caution that profitability pressures and valuation expectations may test post-listing performance.
If successful, Lenskart’s listing will set a fresh benchmark for India’s retail-tech startups and highlight investor confidence in omnichannel retail models.