The initial public offering (IPO) of Lenskart Solutions witnessed an overwhelming response, closing with bids 28.26 times the number of shares available. The eyewear company’s ₹7,278 crore issue drew massive participation from institutional and high-net-worth investors, highlighting market confidence in India’s leading eyewear brand despite ongoing valuation concerns.

Data from exchanges showed that the qualified institutional buyers’ segment received the highest interest, being subscribed over 40 times. The non-institutional investor portion followed at around 18 times, while retail investors subscribed nearly 7.5 times their allotted quota. The enthusiasm reflected strong belief in Lenskart’s growth trajectory and its ability to expand further into both domestic and international markets.

The company had set its price band between ₹382 and ₹402 per share, comprising a fresh issue of ₹2,150 crore and an offer-for-sale of ₹5,128 crore by existing shareholders. Proceeds from the offering will be used to strengthen the brand’s offline presence, improve digital infrastructure, enhance supply chain efficiency, and support strategic acquisitions in India and abroad.

Analysts noted that while some investors expressed caution about Lenskart’s premium valuation, the significant oversubscription indicates widespread optimism about its long-term potential. The company has already established itself as a dominant player in India’s optical retail market, combining technology-driven operations with omnichannel accessibility through stores and online platforms.

The successful IPO positions Lenskart among India’s most anticipated listings of 2025. Investors are now keenly awaiting share allotment results and subsequent market performance, which will determine whether the strong listing momentum continues in the secondary market.