Lenskart Solutions Limited is all set to launch its Initial Public Offering (IPO) on October 31, 2025. The issue will close on November 4, 2025. This is a Book Built Issue through which the company plans to raise around ₹7,278.02 crores. The IPO includes a fresh issue of ₹2,150 crores and an offer for sale of up to 12,75,62,573 equity shares with a face value of ₹2 each.
The Lenskart IPO price band is fixed between ₹382 and ₹402 per share. The company has reserved 75 percent of the issue for Qualified Institutional Buyers (QIB), 15 percent for Non-Institutional Investors (HNI), and 10 percent for retail investors. The shares will be listed on both BSE and NSE, with the tentative listing date set for November 10, 2025. The allotment of shares is likely to be finalized on November 6, 2025.
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Contents
Lenskart Solutions IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 31, 2025 |
| IPO Close Date | November 4, 2025 |
| Face Value | ₹2 per equity share |
| Price Band | ₹382 to ₹402 per share |
| Issue Size | ₹7,278.02 crores (approx.) |
| Fresh Issue | ₹2,150 crores (approx.) |
| Offer for Sale | 12,75,62,573 equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE, NSE |
Market Lot and Investment Details
Retail investors can Excelsoft Technologies IPO Review: Apply or Avoid? Allotment Date GMP, Price“>apply for a minimum of one lot containing 37 shares, requiring an investment of ₹14,874. The maximum application for retail investors is 13 lots, which equals 481 shares worth ₹1,93,362.
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,874 |
| Retail Maximum | 13 | 481 | ₹1,93,362 |
| S-HNI Minimum | 14 | 518 | ₹2,08,236 |
| B-HNI Minimum | 68 | 2,516 | ₹10,11,432 |
Reservation for Investors
| Investor Category | Share Quota |
|---|---|
| QIB | 75% |
| NII (HNI) | 15% |
| Retail | 10% |
Key IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | October 31, 2025 |
| IPO Close Date | November 4, 2025 |
| Basis of Allotment | November 6, 2025 |
| Refunds | November 7, 2025 |
| Credit to Demat Account | November 7, 2025 |
| Listing Date | November 10, 2025 |
| Cut-off Time for Bidding | November 4, 2025, 5 PM |
Anchor Investors
Anchor bidding will open on October 30, 2025. Around 8.13 crore shares will be offered to anchor investors, aggregating to ₹3,268.36 crores. The lock-in period for 50 percent of anchor shares will end on December 6, 2025, while the remaining 50 percent will be unlocked on February 4, 2026.
Promoters and Shareholding Pattern
The promoters of Lenskart Solutions are Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi.
| Particulars | Shares | Shareholding |
|---|---|---|
| Pre-Issue Holding | 1,68,10,15,590 | 19.85% |
| Post-Issue Holding | 1,73,44,98,177 | 17.52% |
Objectives of the IPO
The company aims to use the funds raised from the IPO for business expansion, brand promotion, and technology development.
| Purpose | Amount (₹ Crores) |
|---|---|
| Setting up new CoCo stores in India | 272.62 |
| Lease and rent-related payments for CoCo stores | 591.44 |
| Investment in technology and cloud infrastructure | 213.38 |
| Brand marketing and promotion | 320.06 |
| Inorganic acquisitions and general corporate purposes | Not specified |
About the Company
Founded in 2008, Lenskart Solutions Limited is one of India’s leading technology-based eyewear brands. The company designs, manufactures, and sells a wide range of products including eyeglasses, sunglasses, contact lenses, and accessories.
Lenskart primarily sells products under its own brand and sub-brands. As of March 31, 2025, the company had a team of 105 in-house designers and merchandisers. It launched 105 new collections in FY25, including several collaborations with well-known brands and celebrities.
The company operates 2,723 stores worldwide, of which 2,067 are in India and 656 across markets like Japan, Southeast Asia, and the Middle East. Its mobile app has over 100 million downloads, showing strong digital presence.
Financial Performance
| Financial Year | Revenue (₹ Cr) | Expense (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 3,927.97 | 4,025.07 | 63.76 | 9,528.28 |
| 2024 | 5,609.87 | 5,549.59 | -10.15 | 9,531.02 |
| 2025 | 7,009.28 | 6,619.48 | 297.34 | 10,471.02 |
| June 2025 | 1,946.10 | 1,836.58 | 61.17 | 10,845.68 |
Lenskart recorded a sharp turnaround in FY25, posting a profit of ₹297.34 crores against a loss of ₹10.15 crores in FY24. The company’s revenue grew to ₹7,009.28 crores in FY25 from ₹5,609.87 crores in FY24, reflecting solid performance and demand recovery.
Key Valuation Metrics (FY2025)
| Metric | Value |
|---|---|
| EPS (Basic) | ₹1.77 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 4.84% |
| ROCE | 13.84% |
| NAV | ₹36.43 |
Lead Managers
The IPO is being managed by Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., Avendus Capital Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd., Axis Capital Ltd., and Intensive Fiscal Services Pvt. Ltd.
Company Contact
Lenskart Solutions Ltd.
Plot No. 151, Okhla Industrial Estate, Phase III,
New Delhi – 110020
Phone: +91 124 429 3191
Email: compliance.officer@lenskart.co
Website: www.lenskart.com
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: lenskart.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
FAQs
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What is the Lenskart Solutions IPO?
Lenskart Solutions IPO is a mainboard issue worth ₹7,278.02 crores with a price band of ₹382 to ₹402 per share. The shares will be listed on BSE and NSE.
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When does the IPO open and close?
The IPO opens on October 31, 2025, and closes on November 4, 2025.
-
What is the lot size and minimum investment?
Retail investors can apply for a minimum of 37 shares worth ₹14,874.
-
When will the allotment and listing take place?
The allotment is expected to be finalized on November 6, 2025, and the shares will list on November 10, 2025.
-
How can investors apply for the IPO?
Investors can apply through ASBA via their bank account or use UPI through stockbrokers. Offline applications can also be made via registered brokers.
Final Thoughts
Lenskart’s strong financial recovery, brand popularity, and expanding presence in both domestic and international markets make this IPO a potential long-term investment. The company’s consistent revenue growth and focus on technology-driven operations add to its appeal among investors looking for stability and growth in the consumer retail sector.
