Lenskart IPO price band set at Rs 382–402 per share; check issue size, key dates, other details - The Economic Times
Eyewear retailer Lenskart has set its initial public offering (IPO) price band at ₹382 to ₹402 per equity share, signaling its entry into India’s stock markets. The company will open the public subscription window from Friday, October 31 to Tuesday, November 4, following allotment to anchor investors. The offer includes both a fresh issue of equity and a sale of existing shares by early stakeholders. Lenskart plans to use the funds raised to expand its store network, invest in storefront leases and technology infrastructure, drive marketing efforts and cover general corporate needs. With this pricing and structure, the company aims to build on its growth trajectory and market presence ahead of its listing.
The Key points
- Price band for shares set at ₹382-₹402 each.
- Subscription period runs from October 31 to November 4.
- Face value of each share is ₹2.
- The IPO includes issuance of fresh equity plus an offer-for-sale of existing shares.
- Funds will be allocated to new company-owned stores and lease/licence costs.
- Significant portion earmarked for technology and cloud infrastructure investment.
- Marketing and brand-building initiatives form a key part of the use of proceeds.
- Employees are being offered a discount on share applications.
- The allotment is expected to complete around November 6, with shares credited on November 7.
- Listing on Indian stock exchanges is targeted around November 10.
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