Lenskart IPO 2025: Complete Analysis, Dates, Price, GMP & Should You Apply?

Executive Summary

Lenskart Solutions Limited is launching India's most anticipated eyewear IPO in 2025. With a total issue size of ₹7,278.02 crores, this mainboard IPO opens on October 31, 2025 and closes on November 4, 2025. The price band is set at ₹382-402 per share, with a minimum investment of ₹14,874 for retail investors.

Lenskart IPO: Key Details at a Glance

About Lenskart Solutions Limited

Founded in 2008, Lenskart Solutions Limited has revolutionized India's eyewear industry through technology-driven innovation. The company operates as a comprehensive eyewear solutions provider, handling everything from design and manufacturing to branding and retail.

Market Leadership

According to the Redseer Report, Lenskart recorded the highest volume of prescription eyeglasses sold in India during FY 2025, cementing its position as the market leader in the Indian eyewear segment.

Business Model

Lenskart operates on a direct-to-consumer (D2C) model, offering:

• Prescription eyeglasses
• Sunglasses
• Contact lenses
• Eyewear accessories

Store Network (As of March 31, 2025)

• Total Stores Globally: 2,723
• India: 2,067 stores (1,757 owned + 310 franchised)
• International: 656 stores
• Remote Eye Testing: 136 optometrists across 168 stores

Manufacturing Excellence

Lenskart's centralized manufacturing facilities in Bhiwadi and Gurugram, supported by regional units in Singapore and UAE, enable:

• Next-day delivery in 40 Indian cities
• 3-day delivery in 69 cities for single-vision prescription eyewear

Lenskart IPO Financial Performance

Revenue Growth Trajectory

Profitability Metrics

Between FY 2024 and FY 2025:

• Revenue increased by 25%
• Profit After Tax (PAT) surged by 3028% - demonstrating exceptional operational efficiency

Key Performance Indicators (KPIs)

The company shows strong fundamentals across critical metrics:

• ROCE (Return on Capital Employed): Improving trend
• RoNW (Return on Net Worth): Strong performance
• EBITDA Margin: Healthy operational efficiency
• Digital Presence: Over 100 million cumulative app downloads

Lenskart IPO Reservation & Allocation

Category-wise Allocation

Investment Requirements

For Retail Investors:

• Minimum: 1 lot (37 shares) = ₹14,874
• Maximum: 13 lots (481 shares) = ₹1,93,362

For sHNI (Small HNI):

• Minimum: 14 lots (518 shares) = ₹2,08,236
• Maximum: 67 lots (2,479 shares) = ₹9,96,558

For bHNI (Big HNI):

• Minimum: 68 lots (2,516 shares) = ₹10,11,432

Objects of the Lenskart IPO

The company plans to utilize the net proceeds from the fresh issue of ₹2,150 crores for:

1. Business expansion and store network growth
2. Technology infrastructure enhancement
3. Working capital requirements
4. General corporate purposes

Note: The ₹5,128.02 crores from the Offer for Sale will go directly to selling shareholders.

Lenskart's Competitive Advantages

1. Technology-First Approach

With a tech team of 532 members, Lenskart leverages cutting-edge technology for:

• Virtual try-on features
• AI-powered frame recommendations
• Seamless online-to-offline integration

2. Omnichannel Presence

The company's extensive physical and digital footprint ensures maximum customer reach and convenience.

3. Vertical Integration

Control over manufacturing enables:

• Better quality control
• Faster delivery times
• Improved margins

4. Brand Portfolio

105 new collections launched in FY 2025, including collaborations with celebrities and international brands.

5. Innovation in Service Delivery

Remote eye testing services across select stores demonstrate commitment to customer convenience.

How to Apply for Lenskart IPO

Step-by-Step Application Process

Option 1: Through Broker (UPI Method)

1. Login to your broker's platform (Zerodha, Upstox, Angel One, etc.)
2. Navigate to IPO section
3. Select Lenskart IPO
4. Enter bid details (number of lots, price)
5. Submit application
6. Approve UPI mandate within deadline

Option 2: Through Net Banking (ASBA)

1. Login to your bank's net banking
2. Go to IPO/ASBA section
3. Select Lenskart IPO
4. Fill application form
5. Submit with ASBA authorization

Important Deadlines

• UPI Mandate Confirmation: By 5:00 PM on November 4, 2025
• Allotment Finalization: November 6, 2025
• Refund Initiation: November 7, 2025
• Credit to Demat Account: November 7, 2025
• Listing Date: November 10, 2025

Lenskart IPO GMP (Grey Market Premium)

Grey Market Premium indicates the expected listing gains based on unofficial trading before listing.

Current Market Sentiment: The GMP data for Lenskart IPO will be updated closer to the opening date. Investors should check reliable sources like IPO Ji.

Factors Affecting GMP:

• Overall market conditions
• Subscription levels
• Company fundamentals
• Sector sentiment
• Anchor investor participation

Lead Managers & Registrar

Book Running Lead Managers

1. Kotak Mahindra Capital Company Limited
2. Morgan Stanley India Company Private Limited
3. Avendus Capital Private Limited
4. Citigroup Global Markets India Private Limited
5. Axis Capital Limited
6. Intensive Fiscal Services Private Limited

Registrar to the Issue

MUFG Intime India Pvt. Ltd.

• Phone: +91-22-4918 6270
• Email: lenskart.ipo@in.mpms.mufg.com
• Website: linkintime.co.in

Should You Apply for Lenskart IPO? Expert Analysis

Strengths ✅

1. Market Leader: Highest prescription eyewear sales in India (FY 2025)
2. Strong Growth: Consistent revenue growth over 3 years
3. Profitability: Massive 3028% PAT growth (FY24-25)
4. Scalable Model: Proven omnichannel strategy
5. Technology Edge: 100M+ app downloads, strong tech team
6. Operational Efficiency: Next-day delivery in 40 cities

Considerations ⚠️

1. Valuation: Investors should compare P/E ratio with industry peers
2. OFS Component: Large offer-for-sale (₹5,128 crores) means funds go to existing shareholders
3. Market Conditions: Overall market sentiment affects listing performance
4. Competition: Growing competition in online eyewear segment

Investment Recommendation

For Long-term Investors: Lenskart presents a compelling case with strong fundamentals, market leadership, and consistent growth trajectory.

For Short-term Traders: Wait for GMP trends and subscription data before making decisions.

Risk Profile: Moderate - suitable for investors with medium to high risk appetite.

Lenskart IPO: Latest Google SEO Updates Impact

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Frequently Asked Questions (FAQs)

1. What is the Lenskart IPO issue size?

The total issue size is ₹7,278.02 crores, comprising a fresh issue of ₹2,150 crores and an offer for sale of ₹5,128.02 crores.

2. When does Lenskart IPO open and close?

The IPO opens on October 31, 2025, and closes on November 4, 2025.

3. What is the minimum investment in Lenskart IPO?

Retail investors need a minimum of ₹14,874 to apply for 1 lot (37 shares) at the upper price band of ₹402.

4. When will Lenskart shares be listed?

The tentative listing date is November 10, 2025, on BSE and NSE.

5. How can I check Lenskart IPO allotment status?

Visit the registrar's website (MUFG Intime India) or check through your broker's platform after November 6, 2025.

6. Is Lenskart a profitable company?

Yes, Lenskart showed a remarkable 3028% increase in PAT between FY 2024 and FY 2025, demonstrating strong profitability.

7. What is the lot size for Lenskart IPO?

The lot size is 37 shares, and retail investors can apply for a maximum of 13 lots.

8. Can NRIs apply for Lenskart IPO?

Yes, NRIs can apply for Lenskart IPO on a repatriation and non-repatriation basis.

Conclusion

The Lenskart IPO 2025 represents a significant opportunity to invest in India's leading eyewear technology company. With strong fundamentals, consistent growth, market leadership, and an innovative business model, Lenskart has positioned itself as a compelling investment proposition.

However, investors should conduct thorough due diligence, review the RHP document, assess their risk appetite, and consider market conditions before making investment decisions.

Key Takeaway: Lenskart's combination of technology leadership, operational excellence, and market dominance makes this IPO one of the most anticipated public offerings of 2025.

Important Resources

• SEBI DRHP Filing: View on SEBI Website
• Company Website: www.lenskart.com

Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Investors should consult with financial advisors and read the offer documents carefully before making investment decisions. Past performance is not indicative of future results.

Last Updated: October 27, 2025 at 5:30 pm IST