SoftBank-backed Lenskart's IPO was fully subscribed on the first day of bidding. The issue was subscribed 1.13 times overall on strong demand from institutional, retail and employee investors. However, participation from non-institutional investors declined by 41%.

The IPO, which is open till November 4, includes a fresh issue of Rs 2,150 crore and an offer for sale of 12.75 crore shares. The price band has been set at Rs 382 to Rs 402 per share. Lenskart plans to use the funds to open more stores, invest in technology, marketing and possible acquisitions.

The eyewear brand, which sells glasses, contact lenses and sunglasses, has over 2,800 stores in India and abroad. They reported revenue of Rs 6,652 crore in FY2025 and raised Rs 3,268 crore from 147 anchor investors before the IPO.