The Lenskart IPO has entered Day 2 of subscription. Despite the concerns over valuations, Lenskart Solution’s IPO was able to get its issue subscribed fully on the first day (October 31) itself. The retail and QIBs led the subscription book. The retailers booked the issue 1.32 times, the employees booked it 1.10 times, and the QIBs booked the issue 1.42 times (the highest on day 01). The big question now is whether it will deliver listing gains for the investors.

Is Lenskart the next big D2C listing, or another Paytm moment? In this context, often a similarity is being drawn between the Lenskart issue and the Paytm listing in 2021. One97 Communications, the parent firm of Paytm, came up with a massive Rs 18,300 crore IPO at a valuation of $19 billion, pricing it at Rs 2,150 per share. Pa

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