Lenskart Solutions, the popular eyewear retailer, has witnessed an overwhelming response to its Initial Public Offering (IPO) anchor book, signaling strong investor interest in the company's public debut. The anchor book, a portion of shares reserved for institutional investors before the public issue, has attracted bids worth ₹68,000 crore, significantly oversubscribing the total issue size.

Key Highlights of Lenskart's IPO Anchor Book

• Total Bids Received: ₹68,000 crore
• Oversubscription: Approximately 10 times the total issue size
• Anchor Book Oversubscription: 20 times the anchor book size

Investor Participation

The strong demand for Lenskart's shares is evident from the diverse mix of both foreign and domestic investors participating in the anchor book:

Over 70 investors showed interest in the anchor book, highlighting the broad appeal of Lenskart's offering across the investment community.

IPO Details

Lenskart's upcoming IPO is set to be one of the significant public offerings in the Indian market. Here are the key details:

Market Implications

The robust response to Lenskart's anchor book suggests strong investor confidence in the company's business model and growth prospects. This oversubscription, particularly from both foreign and domestic institutional investors, may set a positive tone for the public subscription phase of the IPO.

For retail investors considering participation in the IPO, the strong institutional interest could be seen as a vote of confidence. However, it's crucial to note that past performance and pre-IPO interest do not guarantee future returns or success in the public market.

As Lenskart prepares to list on the stock exchanges, market participants will be keenly watching how this enthusiasm translates into public subscription and eventual trading performance. The company's ability to utilize the raised capital effectively and continue its growth trajectory will be critical factors for long-term investor interest.

The IPO market in India has been showing signs of revival, and Lenskart's offering could serve as a significant benchmark for upcoming public issues in the retail and consumer sectors.

Lenskart Solutions, the popular eyewear retailer, is set to launch its Initial Public Offering (IPO) tomorrow, but the grey market is showing signs of cooling enthusiasm. The company's shares, which were earlier commanding a significant premium, have seen a notable decline in the unofficial grey market.

Grey Market Premium Drops

The grey market premium for Lenskart shares has fallen sharply from ₹108 to ₹48, against the upper band of the issue price at ₹402 per share. This represents a current premium of about 12% over the issue price, indicating a tempered but still positive sentiment among informal traders.

IPO Details

Lenskart's public issue comprises a fresh issue of shares worth ₹2,150 crore and an offer for sale of 12.76 crore shares by existing investors, including founder Peyush Bansal, SoftBank, and Kedaara Capital, among others.

Company Performance

Lenskart has shown strong financial performance:

The company has demonstrated impressive growth:

• Revenue growth: Over 30% annually for the past three years
• EBITDA growth: More than 90% annually

Business Overview

Lenskart has established a significant presence in the eyewear market:

• Over 2,100 stores in operation
• Approximately 40% of revenue derived from international markets

The company's robust store network and growing international presence underscore its expansion strategy and market penetration efforts.

As Lenskart prepares to go public, investors will be closely watching how the market responds to this high-growth eyewear retailer. The decline in grey market premium suggests a possible recalibration of expectations, but the true test will come when the IPO opens for public subscription tomorrow.