India, Oct. 27 -- Omnichannel eyewear retailer Lenskart has set a price band of INR 382 to INR 402 for its initial public offering (IPO), which is set to open on Friday (October 31).

At the upper end of the price band, the IPO will value the company at INR 69,726 Cr (about $8 Bn).

In terms of financial metrics, the company's price to earnings ratio (P/E ratio) at INR 402 price stands at 228.41 on the basis of its diluted earnings per share for FY25. At the lower end of the price band, the P/E ratio stands at 217.05.

The anchor bidding for Lenskart's IPO will take place on Thursday (October 30), while the issue will close on November 4.

The IPO comprises a fresh issue of up to INR 2,150 Cr and an OFS component of 12.76 Cr shares. Notab...