Lenskart IPO GMP Halves Ahead Of Launch As Valuation Concerns Weigh — Check Details

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.

Lenskart CEO Peyush Bansal. A Lenskart IPO valuation would peg the value of his stake in the company at about ₹850 crore. (Reuters)

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.