Lenskart's IPO Success: A Visionary Leap in Eyewear Market

Eyewear retailer Lenskart Solutions Ltd's initial public offering (IPO) was fully subscribed on its first day, with bids surpassing the shares on offer. The IPO aims to raise Rs 7,278 crore and includes a mix of fresh shares and an offer for sale from promoters and investors.

Lenskart Solutions Ltd, a leading eyewear retailer, saw its initial public offering (IPO) achieve full subscription on its first day of bidding, signaling strong investor interest.

The Rs 7,278-crore IPO drew bids for 10,58,90,004 shares against the 9,97,61,257 shares available, indicating a 1.06 times subscription rate.

The IPO, concluding on November 4, intends to fund new store openings and technological advancements, with a portion assisting promoters and investors in offloading shares.

(With inputs from agencies.)