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Indian eyewear retailer Lenskart Solutions Ltd eyes ~$8 billion valuation in upcoming IPO
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Lenskart is launching an IPO priced at ₹382-₹402/share, valuing it at ~$8 billion; investors note growth potential in eyewear but highlight margin risks.
Lenskart Solutions Ltd, India’s largest eyewear retailer, has set a price band of ₹382-₹402 per share (≈$4.35-$4.57) for its IPO, implying a valuation of about ₹695 billion (≈$7.9 billion). The offer opens 31 Oct and closes 4 Nov; fresh issue is ~₹21.5 billion alongside secondary offering. The company operates 2,067 stores in India and 656 overseas, and is backed by major investors including SoftBank Group and Temasek. Analysts see strong growth potential in eyewear and health-optics, though competition and margin pressures are flagged risks.