Lenskart Solutions IPO vs Nephrocare Health IPO

Comparison between Lenskart Solutions IPO and Nephrocare Health IPO.

IPO Details

Lenskart Solutions IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Nephrocare Health IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Lenskart Solutions IPO is up to ₹7,278.02 Cr whereas the issue size of the Nephrocare Health IPO is up to ₹871.05 Cr. The final issue price of Lenskart Solutions IPO is ₹402.00 per share and of Nephrocare Health IPO is ₹460.00 per share.

 Lenskart Solutions IPONephrocare Health IPO
Face Value₹2 per share₹2 per share
Issue Price (Lower)₹382.00 per share₹438.00 per share
Issue Price (Upper)₹402.00 per share₹460.00 per share
Issue Price (Final)₹402.00 per share₹460.00 per share
Discount (Retail)
Discount (Employee)₹19.00 per share₹41.00 per share
Market Lot Size37 shares32 shares
Fresh Issue Size5,34,95,905 shares76,89,918 shares
Fresh Issue Size (Amount)up to ₹2,150.38 Crup to ₹353.60 Cr
OFS Issue Size12,75,62,573 shares1,12,53,102 shares
OFS Issue Size (Amount)up to ₹5,127.64 Crup to ₹517.45 Cr
Issue Size Total18,10,58,478 shares1,89,43,020 shares
Issue Size Total (Amount)up to ₹7,278.02 Crup to ₹871.05 Cr

IPO Timetable

Lenskart Solutions IPO opens on Oct 31, 2025, while Nephrocare Health IPO opens on Dec 10, 2025. The closing date of Lenskart Solutions IPO and Nephrocare Health IPO is Nov 04, 2025, and Dec 12, 2025, respectively.

 Lenskart Solutions IPONephrocare Health IPO
Anchor Bid DateOct 30, 2025Dec 09, 2025
Issue OpenOct 31, 2025Dec 10, 2025
Issue CloseNov 04, 2025Dec 12, 2025
Basis Of Allotment (Tentative)Nov 06, 2025Dec 15, 2025
Initiation of Refunds (Tentative)Nov 07, 2025Dec 16, 2025
Credit of Share (Tentative)Nov 07, 2025Dec 16, 2025
Listing date (Tentative)Nov 10, 2025Dec 17, 2025
Anchor Lockin End date 1Dec 05, 2025Jan 13, 2026
Anchor Lockin End date 2Feb 03, 2026Mar 14, 2026

Financials & KPIs

Lenskart Solutions IPO P/E ratio is 227.27, as compared to Nephrocare Health IPO P/E ratio of 63.52.

 Lenskart Solutions IPONephrocare Health IPO
Financials

Company Financials (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 Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets10,845.6810,471.029,531.029,528.28
Total Income1,946.107,009.285,609.873,927.97
Profit After Tax61.17297.34-10.15-63.76
EBITDA336.63971.06672.09259.71
NET Worth6,176.876,108.305,642.385,444.48
Reserves and Surplus5,855.435,795.005,466.505,411.96
Total Borrowing335.48345.94497.15917.21
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Nephrocare Health Services Ltd.'s revenue increased by 34% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,193.68996.46806.02666.23
Total Income483.97769.92574.72443.26
Profit After Tax14.2367.1035.13-11.79
EBITDA110.31166.6499.6648.60
NET Worth716.06594.21423.55384.73
Reserves and Surplus704.14578.68408.57383.50
Total Borrowing207.04225.80243.37196.21
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)19.8578.90
Promoter Shareholding (Post-Issue)17.5271.49
P/E Ratio227.2763.52
Market Cap₹69727.57 Cr.₹4615.34 Cr.
ROE13.45%
ROCE13.8418.67%
Debt/Equity
EPS₹1.77₹7.24
RoNW4.8413.19%

Shares Offered

In the Lenskart Solutions IPO Retail Individual Investors (RII) are offered 1,80,67,202 shares while in Nephrocare Health IPO retail investors are offered 1,80,67,202 shares. Qualified Institutional Buyers (QIB) are offered 5,42,01,608 shares in Lenskart Solutions IPO and 37,71,946 shares in Nephrocare Health IPO.

 Lenskart Solutions IPONephrocare Health IPO
Anchor Investor Reservation8,13,02,412 shares56,57,919 shares
Market Maker Reservation0 shares0 shares
QIB5,42,01,608 shares37,71,946 shares
NII2,71,00,803 shares28,28,960 shares
RII1,80,67,202 shares66,00,907 shares
Employee3,91,644 shares83,532 shares
Others
Total18,10,63,669 shares1,89,43,264 shares

Bids Received (Subscription)

Lenskart Solutions IPO subscribed 28.27x in total, whereas Nephrocare Health IPO subscribed 14.08x.

 Lenskart Solutions IPONephrocare Health IPO
QIB (times)40.36x26.82x
NII (times)18.23x24.77x
Big NII (times)21.81x30.43x
Small NII (times)11.06x13.46x
RII (times)7.56x2.36x
Employee (times)4.96x2.81x
Other (times)
Total (times)28.27x14.08x

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Lenskart Solutions IPO Vs Nephrocare Health IPO