Lenskart Solutions Limited IPO

Mainboard

Speciality Retail

Listed On: Nov 10, 2025 at ₹ 395.0(NSE)

₹ 14874 /37 Shares

Check Allotment

31 Oct, 2025

Open Date

04 Nov, 2025

Close Date

06 Nov, 2025

Allotment Date

10 Nov, 2025

Listing Date

Price Summary

Last Closing

418.05 (3.99%)

52 Week High

448.80

52 Week Low

356.10

Last Update

5-Dec-2025 3:30 PM

Lenskart Solutions IPO Live Subscription Details

View Subscription Details

QIB 40.36x

Retail 7.54x

NIIs 18.23x

BHNI 21.81x

SHNI 11.06x

Retail 7.54x

EMP 4.96x

Total 28.26x

Last updated: 04 Nov 2025, 06:55 PM

Lenskart Solutions IPO Issue Details

Issue Price ₹382-402 per equity share
Face Value ₹2 Per Equity Share
Total Issue Size 18,10,45,160 shares(aggregating up to ₹7278.02 crore)
Fresh Share 5,34,82,587 shares(aggregating up to ₹2150 crore)
Offer For Sale 12,75,62,573 shares(aggregating up to ₹5128.02 crore)
Listing at BSE, NSE
List Price 395.0(NSE)
Listing Date 2025-11-10
Lead Manager 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
Registrar MUFG Intime India Pvt.Ltd

Market Lot Size

Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	37	₹14,874
Retail(max)	13	481	₹1,93,362
SHNI(min)	14	518	₹2,08,236
SHNI(max)	67	2,479	₹9,96,558
BHNI(min)	68	2,516	₹10,11,432

Lenskart Solutions IPO Reservation

Lenskart Solutions IPO offers total 181045160 shares. Out of which 54187724 (29.93%) allocated to QIB, 27098027 (14.97%) allocated to NII,18065352 (9.98%) allocated to RII, 391645 (0.22%) allocated to employees and 81302412 (44.91%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	81302412 (44.91%)
QIB Shares Offered	54187724 (29.93%)
NII (HNI) Shares Offered	27098027 (14.97%)
bNII > ₹10L	18065352 (10%)
sNII < ₹10L	9032676 (5%)
Retail Shares Offered	18065352 (9.98%)
Employee Shares Offered	391645 (0.22%)
Total Shares Offered	181045160 (100%)

Lenskart Solutions IPO Documents

DRHP

RHP

ANCHOR

Lenskart Solutions IPO Details

Lenskart Solutions IPO is a book-built issue of ₹7278.02 crores, The total issue size is ₹7278.02 crores. The IPO of Lenskart Solutions is priced at ₹382-402 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Oct 31, 2025 and ends on Nov 4, 2025. The allotment for Lenskart Solutions IPO will be finalized on Nov 6, 2025. Lenskart Solutions IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 10, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 37 shares, extendable to 14,874. S-HNIs will be able to bid for 518 shares at ₹2,08,236, while B-HNIs can also apply for a bid of 2,516 shares at ₹10,11,432. The book-running lead manager for the IPO is/are 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.

The total issue ₹7278.02 crore, comprising a fresh issue of 5,34,82,587 shares ₹2150 crore and having Offer for Sale (OFS) of 12,75,62,573 shares to mop up ₹5128.02 crore.

The Lenskart Solutions IPO sets its price band at 382-402 for each share. A single application for Lenskart Solutions Limited IPO must contain at least 37 shares. Sentiment investors need to invest a minimum of 37 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,874 In order to participate in the sNII, investors must purchase at least 14 lots of 518 shares for ₹2,08,236, while the bNII requires 68 lots of 2,516 shares for an investment of ₹10,11,432.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,41,87,724	2,70,98,027 1,80,65,352 90,32,676	1,80,65,352	9,97,42,748
Day 1 31-10-25 05:00 PM	1.42 x	0.41 0.30 x 0.63 x	1.32 x	1.13 x
Day 2 03-11-25 05:00 PM	1.64 x	1.88 1.64 x 2.37 x	3.33 x	2.01 x
Day 3 04-11-25 05:00 PM	40.36 x	18.23 21.81 x 11.06 x	7.54 x	28.26 x

Total No of Applications

33,38,881

Subscription on the basis of Applications

Retail:6.06x BHNI:4.34x SHNI:10.64x

Lenskart Solutions Valuations

EPS Pre IPO ₹1.77/-

EPS Post IPO 1.41

P/E Pre IPO 227.27

P/E Post IPO 284.96

ROCE 13.84%

Price to Book Value 11.03

Market Cap. 69,726.83 Cr.

Lenskart Solutions Company Financials

In Crs.

In Cr.

	30-Jun-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	10845.68	10471.02	9531.02	9528.28
Revenue	1946.10	7009.28	5609.87	3927.97
Profit After Tax	61.17	297.34	-10.15	-63.76
Net Worth	6176.87	6108.30	5642.38	5444.48
Reserves & Surplus	5855.43	5795.00	5466.50	5411.96
Total Borrowing	335.48	345.94	497.15	917.21

About Lenskart Solutions Company

Lenskart Solutions Ltd. was founded in 2008 and is a tech-enabled eyewear firm engaged in the design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, contact lenses, and accessories. Its core market is India, and according to the Redseer Report, FY 2025 was the year in which the highest volume of eyeglasses were sold in India by the company.

The company operates on a direct-to-consumer model, selling a wide variety of eyewear under its own brands and sub-brands to all segments of the population and price points. During FY 2025, 105 new collections were introduced in the market, including co-operations with prominent brands and personalities.

As of March 31, 2025, Lenskart had 2,723 stores in the world—2,067 in India and 656 abroad—with 1,757 owned stores and 310 franchised stores in India. Remote eye examination is available through 136 optometrists across 168 stores in India and select international markets, such as Japan and Thailand.

Production is based in Bhiwadi and Gurugram with backing regional facilities in Singapore and the UAE. This arrangement facilitates next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.

The firm reported revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million during FY 2023, 2024, and 2025 respectively, reflecting year-on-year growth consistently. The firm's apps have received more than 100 million cumulative downloads and have a total of 532 technologists.

Lenskart Solutions - Promoter(s)

Peyush Bansal

Neha Bansal

Amit Chaudhary

Sumeet Kapahi

Pre Issue Share Holding : 19.85%

Post Issue Share Holding : 17.52%

Lenskart Solutions IPO - Issue Objectives

Capital expenditure towards set-up of new CoCo stores in India – ₹272.62 Cr

Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India – ₹591.44 Cr

Investing in technology and cloud infrastructure – ₹213.38 Cr

Brand marketing and business promotion expenses for enhancing brand awareness – ₹320.06 Cr

Unidentified inorganic acquisitions and general corporate purposes

Lenskart Solutions IPO - Anchor Investors

Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO.

The anchor book has been fully subscribed by domestic institutional investors, including leading mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund.
It also includes Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset, DSP Mutual Fund, Franklin India, HSBC Mutual Fund, WhiteOak Capital, Edelweiss, Bandhan and Canara Robeco. There are also insurance companies like SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, Axis Max Life, Reliance Nippon Life Insurance, and Tata AIA Life Insurance.
Global interest was equally strong, with very strong demand from sovereign and long-only foreign institutional investors such as the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global (Norway), New World Fund Inc, Fidelity, T Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington Management Company LLP, among others.

Strength

Integrated Supply Chain and Manufacturing Efficiency: Centralized manufacturing at Bhiwadi and Gurugram, backed by offshore facilities, provides more effective cost management, quicker turnaround, and scalable scale.

In-House Frame and Lens Engineering: Control over the entire product from design to delivery allows better quality control and quicker innovation cycles.

Strong D2C Business Model with Omnichannel Reach: Harmonization of online presence and big retail footprint (2,700+ stores worldwide) offers reach, brand recall, and customer confidence in markets.

Weakness

Raw Materials Dependence and China Imports: Raw materials are a significant cost (₹16,229.74 million or 24.52% of total cost in FY 2025). Any cost variation or disruption—particularly from imports from China through its joint venture Baofeng Framekart Technology Ltd.—has the potential to affect profitability.

Manufacturing Facility Operational Risk: Malfunctions, closures, or slowdowns at important plants (Bhiwadi, Gurugram) can create supply disruption, impacting sales and financial performance.

High Expenditure and Reliance on Store Expansion: Large amounts of capital and lease expenditures related to expansion of CoCo stores raise fixed costs and subject the company to real estate and operating risks.

Contact Details

Lenskart Solutions

Plot No. 151, Okhla Industrial Estate, Phase III, Delhi, New Delhi - 110020

+91 124 429 3191

compliance.officer@lenskart.com

https://www.lenskart.com

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

lenskart.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Lenskart Solutions IPO - FAQs

Ans. Lenskart Solutions Limited IPO is a Mainboard IPO. The issue is priced at ₹382-402 per equity share. The minimum order quantity is 37 Shares. The IPO opens on Oct 31, 2025, and closes on Nov 4, 2025. MUFG Intime India Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Lenskart Solutions Limited IPO opens on Oct 31, 2025 and closes on Nov 4, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Lenskart Solutions Limited IPO is Total 7,278.02 Cr : #Fresh Issue : 5,34,82,587 shares(aggregating up to ₹2,150.00 Cr) + #OFS : 12,75,62,573 shares of ₹2(aggregating up to ₹5,128.02 Cr).

Ans. The Lenskart Solutions Limited IPO price band is set between ₹382-402 per equity share.

Ans. To apply for Lenskart Solutions Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Lenskart Solutions Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Lenskart Solutions Limited IPO is Nov 6, 2025.

Ans. The Lenskart Solutions Limited IPO will be listed on Nov 10, 2025.

Ans. Follow the steps to check the Lenskart Solutions Limited IPO allotment status online.