The highly anticipated initial public offering (IPO) of eyewear retailer Lenskart Solutions got off to a strong start on Friday, with the ₹7,278.02 crore issue drawing healthy investor interest on Day 1.

By 3:18 pm, the issue had received bids for 10.64 crore shares against the total issue size of 9.97 crore shares. Ahead of the IPO, Lenskart had raised ₹3,268 crore from 147 anchor investors. The issue will remain open for subscription until November 4.

The demand was led by retail investors, whose allotted portion of 1.80 crore shares was subscribed fully at 1.15 times. The participation from qualified institutional buyers (QIBs) stood at 1.42 times and non institutional investors at 0.31 times.

Lenskart's lofty valuation

While excitement around India's largest optical retail brand co

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