Lenskart Solutions IPO
Bookbuilding IPO | ₹7,278.02 Cr | Listing at BSE, NSE
IPO Open
Fri, Oct 31, 2025
IPO Close
Tue, Nov 04, 2025
Price Band
₹382.00 to ₹402.00
Market Cap (Pre-IPO)
₹69,727.57 Cr
IPO Details
| IPO Date | Oct 31, 2025 to Nov 04, 2025 |
| Listing Date | Tentative: Nov 10, 2025 |
| Face Value | ₹2.00 per share |
| Price Band | ₹382.00 to ₹402.00 |
| Lot Size | 37 Shares (Minimum: ₹14,874.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹7,278.02 Crores |
| Total Shares Offered | 181,058,478 shares |
| Fresh Issue | 53,495,905 shares |
| Offer For Sale | 127,562,573 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 40.36x |
| NII | 18.23x |
| RII | 7.56x |
| Total | 28.27x |
Lenskart Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 13,55,04,020 (74.84%) |
| Retail Shares Offered | 1,80,67,202 (9.98%) |
| NII Shares Offered | 2,71,00,803 (14.97%) |
Lenskart Solutions 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 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹193,362 |
| S-HNI (Min) | 14 | 518 | ₹208,236 |
| S-HNI (Max) | 67 | 2,479 | ₹996,558 |
| B-HNI (Min) | 68 | 2,516 | ₹1,011,432 |
Lenskart Solutions Financial Information (Restated Consolidated)
Lenskart Solutions Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 3028% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | 1,946.10 | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax | 61.17 | 297.34 | -10.15 | -63.76 |
| EBITDA | 336.63 | 971.06 | 672.09 | 259.71 |
| NET Worth | 6,176.87 | 6,108.30 | 5,642.38 | 5,444.48 |
| Reserves and Surplus | 5,855.43 | 5,795.00 | 5,466.50 | 5,411.96 |
| Total Borrowing | 335.48 | 345.94 | 497.15 | 917.21 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 13.84% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 4.84% |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.77 | 1.41 |
| P/E (x) | 227.27 | 284.96 |
| Promoter Holding | 19.85% | 17.52% |
Company Promoters
- Peyush Bansal
- Neha Bansal
- Amit Chaudhary and Sumeet Kapahi are the company promoters.
Company Overview
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
Use of Proceeds
| 1) | Capital expenditure towards set-up of new CoCo stores in India | 272.62 |
| 2) | Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India | 591.44 |
| 3) | Investing in technology and cloud infrastructure | 213.38 |
| 4) | Brand marketing and business promotion expenses for enhancing brand awareness | 320.06 |
| 5) | Unidentified inorganic acquisitions and general corporate purposes | 683.13 |
Objectives
The Company Lenskart Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Consumer Discretionary |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹69,727.57 Cr |
Important Dates
| IPO Open | Oct 31, 2025 |
| IPO Close | Nov 04, 2025 |
| Allotment Date | Nov 06, 2025 |
| Credit to Demat | Nov 07, 2025 |
| Listing Date | Tentative: Nov 10, 2025 |
Lead Manager(s)
Kotak Mahindra Capital Co.Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Description
- Lenskart Solutions IPO is a book build issue of ₹7,278.02 crores. The issue is a combination of fresh issue of 5.35 crore shares aggregating to ₹2,150.38 crores and offer for sale of 12.76 crore shares aggregating to ₹5,127.64 crores.
- Lenskart Solutions IPO bidding started from Oct 31, 2025 and ended on Nov 4, 2025. The allotment for Lenskart Solutions IPO was finalized on Nov 6, 2025. The shares got listed on BSE, NSE on Nov 10, 2025.
- Lenskart Solutions IPO price band is set at ₹402.00 per share . The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,874 (37 shares) (based on upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,08,236, and for bNII, it is 68 lots (2,516 shares), amounting to ₹10,11,432.
- The issue includes a reservation of up to 3,91,644 shares for employees offered at a discount of ₹19.00 to the issue price.