By 3, Oct. 31 -- India's largest eyewear retailer, Lenskart Solutions, opened its Rs.7,278 crore initial public offering (IPO) for public subscription on Friday, which was fully booked within hours.

15 PM, cumulative data from the NSE showed bids for over 10 crore shares against 9.97 crore on offer, translating to a 1.06x subscription.

In the grey market, Lenskart's IPO carries a premium of Rs.19, suggesting a possible listing gain of around 5% over the upper band - modest enthusiasm reflecting its high valuation.

For FY25, Lenskart posted Rs.6,653 crore in revenue, up 23% year-on-year, and a net profit of Rs.296 crore, marking a turnaround from the previous year's loss.

The company's EBITDA margin rose to 14.7% on the back of improve...