What valuation concerns? Lenskart IPO gets big thumbs-up from market as investors pour Rs 1 lakh crore in bids

Lenskart’s IPO garnered immense investor interest, attracting bids exceeding Rs 1 lakh crore and subscribing 26.4 times. Strong demand from institutional buyers, HNIs, and retail investors underscored confidence in the eyewear retailer’s growth potential and dominant market position, despite valuation concerns.