Lenskart’s IPO is set to commence on October 31 and will remain open for subscription until November 4. Anchor investors can submit their bids a day earlier, on October 30. The price range for the shares is set between ₹382 and ₹402 each. The total issue size amounts to ₹7,278 crore, which includes a fresh issue of ₹2,150 crore and an offer for sale of ₹5,128 crore. The proceeds from the IPO will be utilized to establish new stores, settle rents, enhance technology, and promote the brand. Retail investors can apply for a minimum of 37 shares. The allocation of shares is structured with 75% designated for large investors, 15% for non-institutional investors, and 10% for retail participants.
The IPO is being managed by a consortium of financial institutions, including Kotak Mahindra Capital, Morgan Stanley, Citigroup, Avendus, Axis Capital, Intensive Fiscal Services, and MUFG, with Intime India serving as the registrar. Key dates include the allotment on November 6 and the listing on November 10. In the grey market, shares are currently trading at approximately ₹486, reflecting a premium of around 20% over the issue price.
