Lenskart Solutions IPO: Peyush Bansal-led eyewear products maker's IPO will close on November 4. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Despite a brewing social media storm that is attacking Lenskart Solutions Ltd. for its expensive valuations, the eyewear brand is seeing strong subscription for its Rs 7,000 crore-plus initial public offering on the back of a strong grey market premium and high-growth prospects.

"Institutions are looking at Lenskart the same way they looked at IPOs like Zomato, PB Fintech and Nykaa," said Deven R Choksey, founder and managing director of DRChoksey FinServ, a boutique fund and wealth management company. He said that institutional funds have a "natural demand" for including consumer technology companies in thei

See Full Page