Lenskart Solutions Limited – IPO
Lenskart Solutions Limited – IPO Details
| IPO Date | October 31, 2025 to November 4, 2025 |
| Listing Date | November 10, 2025 |
| Face Value | ₹ 2 / Share |
| Price Band | ₹ 382 to ₹ 402 / Share |
| Lot Size | 37 Shares |
| Total Issue Size | 18,10,45,160 shares (Aggregating up to ₹7,278.02 Cr) |
| Fresh Issue | 5,34,82,587 shares (Aggregating up to ₹2,150.00 Cr) |
| Offer for Sale | 12,75,62,573 shares of ₹2 (Aggregating up to ₹5,128.02 Cr) |
| Employee Discount | ₹19.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 1,68,10,15,590 shares |
| Share holding post issue | 1,73,44,98,177 shares |
| Market Maker portion |
Lenskart Solutions Limited Timeline (Tentative Schedule)
Lenskart Solutions Limited IPO opens on October 31, 2025, and closes on November 4, 2025.
| IPO Open Date | October 31, 2025 |
| IPO Close Date | November 4, 2025 |
| Basis of Allotment | November 6, 2025 |
| Initiation of Refunds | November 7, 2025 |
| Credit of Shares to Demat | November 7, 2025 |
| Listing Date | November 10, 2025 |
| Cut-off time for UPI mandate confirmation | November 4, 2025 |
Lenskart Solutions Limited IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | Rs.14,874 |
| Retail (Max) | 13 | 481 | Rs.193,362 |
| S-HNI (Min) | 14 | 518 | Rs.208,236 |
| S-HNI (Max) | 67 | 2,479 | Rs.996,558 |
| B-HNI (Min) | 68 | 2,516 | Rs.1,011,432 |
| HNI (Min) |
Lenskart Solutions Limited IPO Promoter Holding
| Share Holding Pre Issue | 19.85% |
| Share Holding Post Issue | 17.52% |
Lenskart Solutions Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not less than 75% |
|
| NII (HNI) Shares Offered | Not more than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not more than 10% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Lenskart Solutions Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Lenskart Solutions Limited
Lenskart Solutions Ltd., established in 2008, is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories. India serves as its primary market, and as per the Redseer Report, the company recorded the highest volume of prescription eyeglasses sold in India during FY 2025.
Operating under a direct-to-consumer model, the company offers a broad range of eyewear under its own brands and sub-brands, catering to all age groups and price segments. In FY 2025, 105 new collections were launched, including collaborations with well-known brands and personalities.
As of March 31, 2025, Lenskart operated 2,723 stores globally—2,067 in India and 656 overseas—with 1,757 owned and 310 franchised stores in India. Remote eye testing is offered through 136 optometrists at 168 stores across India and select international locations, including Japan and Thailand.
Manufacturing is centralized in Bhiwadi and Gurugram, supported by regional facilities in Singapore and the UAE. This setup enables next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.
The company posted revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million in FY 2023, 2024, and 2025 respectively, showing consistent year-on-year growth. Its apps have over 100 million cumulative downloads, with a tech team of 532 members.
Key strengths include:
- Centralized supply chain and in-house manufacturing
- In-house frame and lens engineering
- Direct-to-consumer approach
- Customer-centric product design
- Owned eyewear brand portfolio
- Technology-led operations and retail experience
- Omnichannel retail presence
- Multi-year revenue and EBITDA growth trajectory
Key Performance Indicator
The market capitalization of Lenskart Solutions IPO is ₹69726.83 Cr.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 13.84% |
| Debt/Equity | |
| RoNW | 4.84 |
| P/BV | 11.03 |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.77 | 1.41 |
| P/E (x) | 227.27 | 284.96 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, which is available in RHP.
Objects of the Issue (Lenskart Solutions Limited IPO Objectives)
Lenskart Solutions Limited Contact Details
Lenskart Solutions Ltd. Plot No. 151, Okhla Industrial Estate Phase III Delhi, New Delhi, 110020 Phone: +91 124 429 3191 Email: [email protected] Website: https://www.lenskart.com |
Lenskart Solutions Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |