Eyewear giant Lenskart made a modest start on Dalal Street today as its much-awaited initial public offering (IPO) opened for subscription. On Day 1, the issue was subscribed 18% by the end of trading hours, indicating a steady yet cautious response from investors. The company’s public debut marks one of the most closely watched IPOs of the year, as India’s D2C (direct-to-consumer) market leader in eyewear looks to strengthen its foothold both domestically and globally.
IPO Details & Structure
Lenskart’s IPO, which opened on October 31 and will close on November 4, comprises a fresh issue of ₹1,000 crore and an offer for sale (OFS) of ₹600 crore by existing shareholders, including some e
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