Lenskart Solutions IPO Date, Price, GMP, Review, Details 2025
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Lenskart Solutions Ltd., a prominent name in the Indian eyewear industry, has received the green light from the Securities and Exchange Board of India (SEBI) for its Initial Public Offer (IPO) on October 3, 2025. The company is now poised to proceed with its public offering, contingent on market conditions and final approvals. The approval from SEBI is valid for a period of twelve months.
The upcoming IPO is a book-built issue that comprises a fresh issue of ₹2,150.00 crores and an offer for sale (OFS) of up to 13.23 crore equity shares. The company’s shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Details regarding the IPO dates, price band, and lot size are expected to be announced soon.
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Lenskart Solutions IPO Details
| IPO Opening Date | October 31, 2025 |
| IPO Closing Date | November 4, 2025 |
| Listing Date (Tentative) | November 10, 2025 |
| Issue Type | Book Building IPO |
| Face Value | ₹2 per share |
| Price Band | ₹382 – ₹402 per share |
| Lot Size | 37 Shares |
| Total Issue Size | ₹7,278.02 Cr (18.10 Cr shares) |
| Fresh Issue | ₹2,150 Cr (5.35 Cr shares) |
| Offer for Sale | ₹5,128.02 Cr (12.76 Cr shares) |
| Listing At | BSE, NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
Lenskart Solutions IPO Reservation
| Investor Category | Shares Offered |
| Qualified Institutional Buyers (QIB) | Not less than 75% of the Net Offer |
| Retail Individual Investors (RII) | Not more than 10% of the Net Offer |
| Non-Institutional Investors (NII) | Not more than 15% of the Offer |
Promoter Holding
The promoters of Lenskart Solutions Ltd. are Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. Prior to the issue, the promoter holding stands at 19.97%.
About Lenskart Solutions Ltd.
Established in 2008, Lenskart Solutions Ltd. is a technology-centric eyewear company engaged in the design, manufacturing, branding, and retail of a wide array of products including prescription eyeglasses, sunglasses, and contact lenses. With India as its primary market, the company has distinguished itself by selling the highest volume of prescription eyeglasses in the country during the fiscal year 2025, according to a Redseer Report.
Operating on a direct-to-consumer model, Lenskart offers a diverse portfolio of eyewear under its proprietary brands, catering to a wide demographic across various price points. In FY 2025 alone, the company launched 105 new collections, some of which were in collaboration with well-known brands and personalities.
As of March 31, 2025, Lenskart has a significant global retail footprint with 2,723 stores, comprising 2,067 in India and 656 internationally. The company also offers remote eye testing services through its team of optometrists.
Manufacturing is a core strength, with centralized facilities in Bhiwadi and Gurugram, enabling efficient delivery services across numerous Indian cities. The company has demonstrated impressive year-on-year growth, with its app downloads exceeding 100 million.
Company Financials
Lenskart Solutions has shown robust financial performance. For the financial year ending March 31, 2025, the company’s revenue saw an increase of 25%, and its profit after tax (PAT) surged by an impressive 3028% compared to the previous financial year.
(in ₹ Crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 10,471.02 | 9,531.02 | 9,528.28 |
| Total Income | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax | 297.34 | -10.15 | -63.76 |
| EBITDA | 971.06 | 672.09 | 259.71 |
| Net Worth | 6,108.30 | 5,642.38 | 5,444.48 |
| Total Borrowing | 345.94 | 497.15 | 917.21 |
Key Performance Indicators (KPI)
| KPI | Value |
| ROCE | 13.84% |
| RoNW | 4.84 |
| EBITDA Margin | 14.60% |
Objectives of the IPO
Key Highlights
- Operates over 2,723 stores globally (2,067 in India and 656 overseas).
- Recorded strong growth with FY2025 revenue reaching ₹6,652.51 crore.
- Introduced 105 new eyewear collections in FY2025, including celebrity collaborations.
- Offers remote eye testing at 168 stores across India and select global locations.
- Runs a centralized supply chain with manufacturing units in Bhiwadi and Gurugram.
Lenskart Solutions IPO Objectives
The company plans to utilize the IPO proceeds for the following purposes:
- ₹272.62 crore for opening new company-owned (CoCo) stores in India.
- ₹591.44 crore for lease/rent payments of existing CoCo stores.
- ₹213.38 crore for investment in technology and cloud infrastructure.
- ₹320.06 crore for brand marketing and promotional activities.
- Remaining funds for inorganic acquisitions and general corporate purposes.
Lenskart Solutions IPO Lot Size and Investment Details
| Application Type | Lots | Shares | Amount (Approx) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹1,93,362 |
| S-HNI (Min) | 14 | 518 | ₹2,08,236 |
| B-HNI (Min) | 68 | 2,516 | ₹10,11,432 |
Lenskart IPO Timeline (Tentative)
- IPO Open Date: October 31, 2025
- IPO Close Date: November 4, 2025
- Allotment Date: November 6, 2025
- Refunds Initiation: November 7, 2025
- Credit to Demat: November 7, 2025
- Listing Date: November 10, 2025
The net proceeds from the fresh issue are proposed to be utilized for the following purposes:
- Capital expenditure for setting up new company-owned and company-operated (CoCo) stores in India.
- Expenditure for lease, rent, or license agreements for its CoCo stores in India.
- Investment in technology and cloud infrastructure.
- Brand marketing and business promotion expenses.
- Funding unidentified inorganic acquisitions and general corporate purposes.
Lenskart Solutions IPO Lead Managers
- Kotak Mahindra Capital Co. Ltd.
- Morgan Stanley India Co. Pvt. Ltd.
- Avendus Capital Pvt. Ltd.
- Citigroup Global Markets India Pvt. Ltd.
- Axis Capital Ltd.
- Intensive Fiscal Services Pvt. Ltd.
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