Lenskart Solutions IPO
👓 Lenskart Solutions Ltd. IPO
Lenskart Solutions Ltd. is launching its much-awaited Book-Built IPO of Rs. 7,278.02 crore, comprising a fresh issue of Rs. 2,150 crore (5.35 crore shares) and an Offer for Sale (OFS) of Rs. 5,128.02 crore (12.76 crore shares) by existing shareholders.
The issue opens for subscription on October 31, 2025, and closes on November 4, 2025. The basis of allotment is likely on November 6, and the listing on BSE and NSE is expected on November 10, 2025.
The price band has been fixed at Rs. 382–402 per share, with a lot size of 37 shares, requiring a minimum investment of Rs. 14,874 for retail investors. For HNIs, the minimum application size is Rs. 2,08,236 (14 lots) for sNII and Rs. 10,11,432 (68 lots) for bNII.
MUFG Intime India Pvt. Ltd. is the Registrar to the Issue, while the Book Running Lead Manager is yet to be announced.
🕗 Last Update: 5 November 2025, 6.00 AM
 IPO Key Dates
| IPO Opens on | 31 Oct, 2025 |
| IPO Closes on | 4 Nov 2025 |
| Allotment on | 6 Nov 2025 |
| Initiation of Refunds | 7 Nov 2025 |
| Credit of Shares | 7 Nov 2025 |
| Listing Date | 10 Nov 2025 |
| Final Subscription Status | |||||
| Size – Rs 7278.02 Cr | |||||
| (Closed on 4 November 2025) | |||||
| QIB | B HNI | S HNI | HNI | RII | Total |
| 40.36 | 21.81 | 11.06 | 18.23 | 7.56 | 28.27 |
| Subscription Review – 32,56,297 applications As anticipated, with QIB support, the IPO could garner satisfactory oversubscription. Due to relatively weak retail subscription, the premium has crashed to Rs. 43-44 and further fall is feared on allotment |
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The promoters
Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi are the company promoters.
The promoters hold 19.97 % shares in the pre-IPO capital of the company.
Objects of IPO
The IPO consists fresh issue of capital and an offer for sale
| Objects of the Issue | Rs. in crores |
| Capital expenditure towards set-up of new CoCo stores in India | 272.62 |
| Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India | 591.44 |
| Investing in technology and cloud infrastructure | 213.38 |
| Brand marketing and business promotion expenses for enhancing brand awareness | 320.06 |
| Unidentified inorganic acquisitions and general corporate purposes | Â |
Business :
IPO Details
| Opens On | 31 October 2025 |
| Closes on | 4 November 2025 |
| Face Value | Rs.2 |
| Issue Price Band | Rs. 382-402 |
| Lot Size | 37 Shares |
| Sale Type | Fresh issue and offer for sale |
| Total Issue Size | 181044,776 shares |
| Total Issue Size | Rs. 7278 Cr |
| Employee Discount | Rs. 0 |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How Shares can be applied?
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹1,93,362 |
| S-HNI (Min) | 14 | 518 | ₹2,08,236 |
| S-HNI (Max) | 67 | 2,479 | ₹9,96,558 |
| B-HNI (Min) | 68 | 2,516 | ₹10,11,432 |
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How to check Allotment Status
Allotment of this IPO will be announced on 5 November 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Lenskart Solutions Ltd. Plot No. 151, Okhla Industrial Estate Phase III Delhi, New Delhi, 110020 Email: compliance.officer@lenskart.co |
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| The Lead Managers Kotak Mahindra Capital Co.Ltd. Morgan Stanley India Co.Pvt.Ltd. Â Avendus Capital Pvt.Ltd. Â Citigroup Global Markets India Pvt.Ltd. Â Axis Capital Ltd. Intensive Fiscal Services Pvt.Ltd. Â |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 10,471.02 | 9,531.02 | 9,528.28 |
| Total Income | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax | 297.34 | -10.15 | -63.76 |
| EBITDA | 971.06 | 672.09 | 259.71 |
| Net Worth | 6,108.30 | 5,642.38 | 5,444.48 |
| Total Borrowing | 345.94 | 497.15 | 917.21 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROCE | 13.84% |
| RoNW | 4.84 |
| EBITDA Margin | 14.60% |
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Peer Comparison
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Lenskart Solutions IPO Review
by Paresh Gordhandas, CA & Research Analyst
Lenskart Solutions Ltd., India’s largest technology-driven eyewear brand, backed by marquee investors like Softbank, ADIA, Temasek, and Kedaara Capital, is launching its IPO on October 31, 2025, with an expected issue size of around Rs. 7,278 crore. The IPO comprises an offer for sale of 12.75 crore shares at a price band of Rs. 402 per share, valuing the company at approximately Rs. 72,719 crore.
Financially, Lenskart has shown a remarkable turnaround — posting a profit of Rs. 297.3 crore in FY25 compared to a loss of Rs. 10.1 crore in FY24, while revenues surged 22.6% YoY to Rs. 6,652.5 crore. For Q1FY26, profit stood at Rs. 61.2 crore on revenue of Rs. 1,894.5 crore, indicating continued momentum. With an EPS of Rs. 1.77, the IPO appears expensively valued but backed by robust growth, strong brand recall, and global presence, making it an attractive yet premium proposition for long-term investors.
Chanakya View: Popular brand and yet tough competition of Titan Eyeware — very costly IPO and may be avoided.
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