Lenskart’s IPO subscribed nearly 30 times

Omnichannel eyewear retailer Lenskart’s IPO drew strong interest from retail investors, despite valuation concerns, with the issue subscribed nearly 30 times.

The IPO was open for subscriptions from October 31 to November 4, with a price band of Rs 382–402 per equity share and  minimum investment of Rs 14,874 and in multiples thereafter.

According to its RHP, the Gurugram-based company plans to raise Rs 2,150 crore through a fresh issue and Rs 5,028 crore via an offer for sale (OFS), valuing the company at around Rs 70,000 crore ($8 billion).