Lenskart Solutions Ltd. is set to launch its IPO today amid an online debate over its valuation that’s reflecting in its grey market premium (GMP). Also in focus is co-founder Peyush Bansal, and his net worth following the IPO.
On offer in the Lenskart IPO are 18.10 crore shares—5.35 crore new and 12.75 crore via offer for sale—in a price range of ₹382-402 apiece to raise as much as ₹7,278 crore, according to the company’s red-herring prospectus. That pegs the company’s valuation at nearly ₹70,000 crore.
The lot size is set at 37 shares or multiples thereof, which translates to a minimum investment of ₹14,874 for retail investors.
Lenskart IPO Details At A Glance
The Lenskart IPO “is valued at FY25 EV/Sales and EV/EBITDA multiples of 10.1X and 68.7X, respectively, based on post-issue capital,” SBI Securities said in a note ahead of the IPO that opens today. “Lenskart valuations seems to be stretched and hence listing gains is likely to be muted.”