Lenskart Solutions IPO is a bookbuilt issue of ₹7,278.02 crore. It combines a fresh issue of 5.35 crore shares aggregating to ₹2,150.00 crore and an offer for sale of 12.76 crore shares aggregating to ₹5,128.02 crore.
The IPO opens for subscription on October 31, 2025, and closes on November 4, 2025. The allotment is expected to be finalized on Thursday, November 6, 2025. The price band for the IPO is set at ₹380 to ₹402 per share, and the minimum lot size for an application is 37 shares.
Company Summary
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.
Company Strengths
- 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
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 10,845.68 | 10,471.02 | 9,531.02 | 9,528.28 |
| Total Income | 1,946.1 | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax | 61.17 | 297.34 | -10.15 | -63.79 |
| EBITDA | 336.63 | 971.06 | 672.09 | 259.71 |
| Net Worth | 6,176.87 | 6,108.3 | 5,642.38 | 5,444.48 |
| Reserves and Surplus | 5,855.43 | 5,795 | 5,466.5 | 5,411.96 |
| Total Borrowing | 335.48 | 345.94 | 497.15 | 917.21 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Capital expenditure towards the set-up of new CoCo stores in India
- Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India
- Investing in technology and cloud infrastructure
- Brand marketing and business promotion expenses for enhancing brand awareness
- Unidentified inorganic acquisitions and general corporate purposes
Promoters of the company
Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are the company promoters.
IPO Details
| IPO Date | October 31, 2025 to November 4, 2025 |
| Listing Date | November 10, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹382 to ₹1402 per share |
| Lot size | 37 shares |
| Total Issue size | 18,10,45,160 shares (aggregating upto ₹7,278.02 Cr ) |
| Fresh Issue | 5,34,82,587 shares (aggregating upto ₹2,150.00 Cr ) |
| Offer for Sale | 12,75,62,573 shares of ₹2 (aggregating upto ₹5,128.02 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 1,68,10,15,590 shares |
| Share Holding Post Issue | 1,73,44,98,177 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 2 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 2 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,874.00 |
| Retail (Max) | 13 | 481 | ₹1,93,362.00 |
| S-HNI (Min) | 14 | 518 | ₹2,08,236.00 |
| S-HNI (Max) | 67 | 2,479 | ₹9,96,558.00 |
| B-HNI (Min) | 68 | 2,516 | ₹10,11,432.00 |
Allotment Schedule
| Basis of Allotment | Thu, 6 Nov, 2025 |
| Initiation of Refunds | Fri, 7 Nov, 2025 |
| Credit of Shares to Demat | Fri, 7 Nov, 2025 |
| Tentative Listing Date | Mon, 10 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 4, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Source – SEBI, Chittorgarh
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