By Admin 
Lenskart IPO: The IPO of Lenskart, a famous company manufacturing eye wear products, is ready to be launched tomorrow i.e. on 31st October. Bids for investment in this can be made till November 4. The issue size of the IPO is Rs 7,278.02 crore. The price band for the IPO has been fixed at Rs 382-402 per share.
5.35 crore equity shares worth Rs 2,150 crore will be issued in the IPO and about 12.8 crore equity shares will be sold through OFS. Equity shares of Lenskart Solutions will be listed on both the stock exchanges BSE and NSE. The date of IPO listing has been fixed as November 10, 2025. Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global and Intensive Fiscal are the book running lead managers for the IPO, while MUFG Intime India Pvt Ltd is the IPO registrar.
What is the GMP of IPO?
Lenskart’s IPO has made a huge entry in the gray market even before its opening. Its gray market premium (GMP) remains strong. Today its gray market premium (GMP) is Rs 70 per share. That means in the gray market its shares are trading at Rs 70 per share more than its IPO price.
With the announcement of the price band on Monday, a spectacular rise in its GMP was seen in the gray market. Even that day, the shares were trading at a premium of Rs 75, which represents an increase of 18.66 percent compared to the upper price band of the IPO of Rs 402. Lenskart is the fourth largest IPO of this year so far. Before this, companies like Tata Capital, HDB Financial Services and LG Electronics have launched their IPOs.
Promoter Neha Bansal sold her share
Meanwhile, Neha Bansal, one of the promoters of Lenskart Solutions, has sold 0.15 per cent stake at a value of Rs 100 crore to two schemes of SBI Mutual Fund in a pre-IPO offer. This transaction took place at the upper price band of IPO at Rs 402 per share. Before this transaction, Neha had 7.61 percent stake in the company and now after transferring 2.5 lakh equity shares to the mutual fund, her stake in the company is now 7.46 percent.
With this transaction, SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) invested at a transfer price of Rs 402 per equity share. The company bought 870,646 shares or 0.05 percent stake of Lenskart, while SBI Emergent Fund bought 16,16,915 shares or 0.10 percent stake. Earlier, on October 23, well-known investor and DMart founder Radhakishan Damani invested about Rs 90 crore in Lenskart through a pre-IPO transaction. According to media reports, Neha Bansal married Srikant R. 2,238,806 equity shares were sold to Damani.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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