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Lenskart IPO opens to strong bids as anchors, retail line up
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Day one subscription was strong as anchors and retail queued up, despite a demanding valuation.
Lenskart’s ₹7,278 crore IPO opened to strong demand. The eyewear retailer allotted ₹3,268 crore to 147 anchor investors at ₹402 a share, the top of its price band of ₹382–402. Funds from the fresh issue will support store expansion, technology, and general corporate purposes, while a large OFS provides partial exits for early backers. By midday, bids crossed available shares across categories, reflecting robust appetite despite a rich valuation multiple tied to rapid growth in prescription eyewear and the company’s omnichannel model. Early broker checks.