Lenskart Solutions Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹382 - ₹402
- Lot size
- 37 shares
- Issue amount
- ₹7,278.02 cr
- Total subscription
- 28.26×
- Opens
- 31 Oct 2025
- Closes
- 4 Nov 2025
- Allotment
- 6 Nov 2025
- Listing
- 10 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 18,10,45,160 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹14,134
- Fresh issue
- ₹2,150 cr
- Offer for sale
- ₹5,128.02 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,874
- Issue type
- Bookbuilding IPO
- Shares before issue
- 82,25,32,660
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 37 | ₹14,874 |
| sHNI | 14 | 518 | ₹2,08,236 |
| bHNI | 68 | 2,516 | ₹10,11,432 |
Share reservation
Subscription & GMP
Subscription by category
Reported 4 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 4,88,253 | 29,60,762 |
| EMPLOYEES | 0 | 37,779 |
| HNIs(10L +) | 34,875 | 1,51,275 |
| HNIs (2-10L) | 17,438 | 1,85,582 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2,178.35 | 87,909.71 |
| FIIs | 0 | 47,664.25 |
| FIs | 0 | 18,242.46 |
| Mutual Funds | 0 | 10,649.88 |
| Others | 0 | 11,353.12 |
| RETAIL | 726.23 | 5,472.69 |
| NIB | 1,089.34 | 19,857.12 |
| HNIs 2+ | 363.11 | 4,017.41 |
| HNIs 10+ | 726.23 | 15,839.7 |
| EMPLOYEES | 15.74 | 78.09 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0.36 | 1.76 | -0.11 | -0.43 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 3.58 | 13.84 | 5.08 | -0.48 |
| RONW | 0.97 | 4.84 | -0.31 | -1.25 |
| PRE IPO(PE) | 0 | 227.27 | 0 | 0 |
| POST IPO(PE) | 284.96 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2008, Lenskart is a technology-driven eyewear company involved in designing, manufacturing, branding, and retailing prescription glasses, sunglasses, contact lenses, and accessories. Operating on a direct-to-consumer (D2C) model, it reaches customers through its online platform and a growing network of offline stores. As per the Redseer Report, Lenskart sold the highest volume of prescription eyeglasses in India during FY 2025 and launched 105 new collections, including brand collaborations. As of March 31, 2025, the company operated 2,723 stores—2,067 in India (1,757 owned and 310 franchised) and 656 overseas—and provided remote eye testing at 168 locations across India, Japan, and Thailand. Its centralized manufacturing units are in Bhiwadi and Gurugram, with regional facilities in Singapore and the UAE, enabling next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision eyewear. The proposed IPO aims to fund new CoCo stores (₹272.62 crore), lease and rent payments (₹591.44 crore), technology and cloud upgrades (₹213.38 crore), brand marketing (₹320.06 crore), and potential acquisitions and general corporate purposes.
Strengths
- Efficient Integrated Supply Chain: Centralized production hubs in Bhiwadi and Gurugram, along with global facilities, enable cost optimization, quick delivery, and scalable manufacturing capacity.
- End-to-End Product Expertise: In-house frame and lens design capabilities ensure strict quality control, faster innovation, and consistent product excellence.
- Robust D2C and Omnichannel Presence: A strong blend of online platforms and 2,700+ retail stores worldwide enhances market reach, brand visibility, and customer engagement.
Risk factors
- Raw Material & Import Dependency: Heavy reliance on raw materials (24.52% of total expenses in FY25) and imports from China through Baofeng Framekart Technology Ltd. exposes the company to supply chain disruptions and cost fluctuations.
- Manufacturing Facility Risks: Any operational issues—such as breakdowns or shutdowns—at key plants in Bhiwadi and Gurugram may hinder production and sales performance.
- Retail Expansion Cost Burden: High capital and lease commitments for CoCo store expansion elevate fixed costs and expose the business to real estate and operational risks.
Promoters
Peyush Bansal
Neha Bansal
Amit Chaudhary
Sumeet Kapahi
Registrar & documents
Lead manager
Avendus Capital Private Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Intensive Fiscal Services Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 151, Okhla Industrial Estate Phase III Delhi, New Delhi, 110020
+91 124 429 3191
[email protected]Company website ↗Understanding LENSKART IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.