Lenskart Solutions was incorporated on May 19, 2008. The company is a tech-driven eyewear company that designs, manufactures, and retails prescription glasses and accessories, primarily in India, with a global presence across Asia and the Middle East. Its Bhiwadi and Gurugram facilities support centralised production, enabling fast delivery of made-to-order eyeglasses
| Bidding Dates |
|---|
| 31 Oct 2025 - 04 Nov 2025 |
| Subscription |
|---|
| 28.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,134 | 1 | 13 | 37 | 181.0 M | ₹382 - ₹402 | 17.71 % | ₹69159.3 M - ₹72780.2 M | RHP DOC |
Lenskart Solutions IPO SUBSCRIPTION STATUS
04 Nov '25Lenskart Solutions IPO overall subscription rate was 28.26 times the total available shares
Lenskart Solutions IPO retail subscription rate was 7.54 times in the retail segment
Lenskart Solutions IPO non-institutional investor subscription rate was 18.23 times in the non-institutional investor category
Lenskart Solutions IPO Qualified Institutional Bidder subscription rate was 40.35 times the available shares for Qualified Institutional Bidder
Lenskart Solutions IPO Employees subscription rate was 4.96 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 9.98% | 14.97% | 74.84% | 0.22% |
04 Nov 2025 (Day 3) | 7.54x | 18.23x | 40.35x | 4.96x |
03 Nov 2025 (Day 2) | 3.33x | 1.89x | 1.64x | 2.62x |
31 Oct 2025 (Day 1) | 1.31x | 0.41x | 1.42x | 1.1x |
Lenskart Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 1,894.5 | 61.2 | 283.3 | 128.4 | 17.8% |
| Q1FY25 | 1,520.4 | -11.0 | 269.3 | 202.4 | 12.1% |
| FY25 | 6,652.5 | 297.3 | 1,230.6 | 804.9 | 14.6% |
| FY24 | 5,427.7 | -10.2 | 487.4 | 55.0 | 12.4% |
| FY23 | 3,788.0 | -63.8 | 94.7 | -317.6 | 6.9% |
Lenskart Solutions IPO SUBSCRIPTION STATUS DETAILS
Lenskart Solutions had 181.0 M shares on offer
Lenskart Solutions IPO offer price was in the range ₹382 - ₹402
Lenskart Solutions IPO minimum Investment was ₹14134
Lenskart Solutions IPO issue size was ₹ 69159.3 M - ₹ 72780.2 M
Lenskart Solutions had a minimum lot size of 37 Shares per application
Lenskart Solutions NUMBER OF SHARES ON OFFER
Lenskart Solutions IPO IMPORTANT DATES
| Issue Open Date | 31 Oct 2025 |
| Issue close Date | 04 Nov 2025 |
| Allotment Date | 06 Nov 2025 |
| Refund Date | 07 Nov 2025 |
| Demat Account Credit Date | 07 Nov 2025 |
| Listing Date | 10 Nov 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Lenskart Solutions Allotment Status | Exchange/ Registrar |
Lenskart Solutions IPO subscription opened on 31 Oct 2025, and closed on 04 Nov 2025
IPO allotment for Lenskart Solutions was finalized on Thursday, 06 Nov 2025
IPO listing for Lenskart Solutions was on NSE and BSE on Monday, 10 Nov 2025
Lenskart Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 402.0 |
| Listing Open Price | 395.0 |
| Listing Close Price | 403.1 |
| Listing Gain% | -1.7% |
| Current Gain% | 41.7% |
Lenskart Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lenskart Solutions Ltd. | 569.7 | 98834.8 | 200.7 | 3 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | 66.6 |
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
| Timex Group India Ltd. | 556.2 | 5614.8 | 65.4 | 0.7 | 6.6 | 100.1 | 22.3 | 800.6 | 48.3 | 75.4 | 140.1 | 8.5 | 96.5 |
Lenskart Solutions INFORMATION ON IPO ISSUE
About Lenskart Solutions
Lenskart Solutions was incorporated on May 19, 2008. The company is a tech-driven eyewear company that designs, manufactures, and retails prescription glasses and accessories, primarily in India, with a global presence across Asia and the Middle East. Its Bhiwadi and Gurugram facilities support centralised production, enabling fast delivery of made-to-order eyeglasses
Object of the Issue
- Capital expenditure towards the set-up of new CoCo stores in India
- Expenditure for lease/rent/license agreements, related payments for the 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
Lenskart Solutions - PROMOTERS
| Name |
|---|
| Peyush Bansal |
| Neha Bansal |
| Amit Chaudhary |
| Sumeet Kapahi |
Lenskart Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Peyush Bansal | Chairman, MD and CEO |
| Neha Bansal | Executive Director |
| Amit Chaudhary | Executive Director |
| Ashish Kashyap | Independent Director |
| Bijou Kurien | Independent Director |
| Jayesh Tulsidas Merchant | Independent Director |
| Sayali Karanjkar | Independent Director |
| Anant Gupta | Nominee Director (Non-Executive) |
Lenskart Solutions Book Running Lead Manager
Kotak Mahindra Capital Company Limited
lenskart.ipo@kotak.com
Morgan Stanley India Company Private Limited
lenskartipo@morganstanley.com
Avendus Capital Private Limited
lenskart.ipo@avendus.com
Citigroup Global Markets India Private Limited
lenskart.ipo@citi.com
Axis Capital Limited
lenskart.ipo@axiscap.in
Intensive Fiscal Services Private Limited
lenskart.ipo@intensivefiscal.com
Lenskart Solutions Registrar to the Offer
MUFG Intime India Private Limited
lenskart.ipo@in.mpms.mufg.com
Lenskart Solutions Strengths
Omnichannel retail integration
The company operates an integrated omnichannel retail network consisting of mobile applications, websites, and physical stores across India and overseas. This setup allows customers to browse and shop through any channel while offering consistent pricing, centralised access to prescription and purchase history
Technology-driven efficiency
The company follows a technology-first approach. Investments in artificial intelligence, automation, and proprietary software enhance customer experience, streamline internal functions, and optimise design, manufacturing, supply chain, and post-order operations
In-house manufacturing
The company has developed in-house frame and lens engineering and manufacturing capabilities through facilities in China and India. This vertical integration improves quality control, supports faster product innovation, and reduces production costs
Lenskart Solutions Risks
Location concentration
The company relies heavily on two manufacturing units in the Gurugram cluster. Any local disruption—such as natural disasters, labour unrest, or power shortages—could halt operations, delay deliveries, and impact revenue
Medical substitution risk
Increased adoption of corrective eye surgeries like LASIK and SMILE may reduce demand for eyewear. This shift could impact revenue and growth. The company may face higher competition and may need to adapt its offerings, which could increase costs and affect profitability
Technology disruption risk
The company depends on multiple tech systems across manufacturing, retail, and online platforms. Any failure in software, hardware, or third-party networks could disrupt operations. While protocols exist, future issues may still impact customer service and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5,128.0 crore, of 127,562,573 shares. It also consists of a fresh issue of Rs 2,150.0 crore.
The promoters of the company are Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi.
The category allocation of qualified institutional buyers is 74.8%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 382.0 - 402.0.
The IPO application opens on Oct 31, 2025 and closes on Nov 04, 2025.
The minimum lot size for the IPO is 37. The maximum lot size for the IPO is 481.
For all category investors, the minimum application amount for this IPO is Rs. 14,134.0, the maximum value for this IPO is Rs 193,362.0.
This IPO will be allotted on Nov 06, 2025.
The refund will be credited to your account on Nov 07, 2025.
The allotted shares will be credited to your demat on Nov 07, 2025.
Lenskart Solutions Ltd.’s shares listed on the stock exchanges on Nov 10, 2025.