Bookbuilding IPO | ₹7,278 Cr | Listed at BSE, NSE | Fri, Oct 31, 2025 - Tue, Nov 4, 2025
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 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.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Lenskart Solutions IPO RHP for detailed Information.
IPO Open
Fri, Oct 31, 2025
IPO Close
Tue, Nov 4, 2025
Issue Price
₹402 per share
Market Cap (Pre-IPO)
₹69,727.57 Cr
| IPO Date | 31 Oct to 4 Nov, 2025 |
| Listed on | Mon, Nov 10, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹382 to ₹402 |
| Issue Price | ₹402 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹19.00 |
| Total Issue Size | 18,10,58,478 shares (agg. up to ₹7,278 Cr) |
| Fresh Issue | 5,34,95,905 shares (agg. up to ₹2,150 Cr) |
| Offer for Sale | 12,75,62,573 shares of ₹2 (agg. up to ₹5,128 Cr) |
| Share Holding Pre Issue | 1,68,10,15,590 shares |
| Share Holding Post Issue | 1,73,45,11,495 shares |
| BSE Script Code / NSE Symbol | 544600 / LENSKART |
| ISIN | INE956O01016 |
Lenskart Solutions IPO comprises a total issue size of 18,10,63,669 shares. The net offer to the public is 18,06,72,025 shares, after excluding 3,91,644 shares under a preferential allotment. Of the Net offer 13,55,04,020 (75.00%) are allocated to QIB, 2,71,00,803 (15.00%) allocated to NII 1,80,67,202 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 13,55,04,020 | 75.00% | 74.84% | NA |
| − Anchor Investor Shares Offered | 8,13,02,412 | 44.90% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 5,42,01,608 | 29.94% | NA | |
| NII (HNI) Shares Offered | 2,71,00,803 | 15.00% | 14.97% | NA |
| − bNII > ₹10L | 1,80,67,202 | 9.98% | 34,878 | |
| − sNII < ₹10L | 90,33,601 | 4.99% | 17,439 | |
| Retail Shares Offered | 1,80,67,202 | 10.00% | 9.98% | 4,88,302 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,91,644 | 0.22% | NA | |
| Total Shares Offered | 18,10,63,669 | 100.00% | 100.00% | |
Investors can bid for a minimum of 37 shares and in multiples thereof.
| 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 |
Lenskart Solutions IPO raises ₹3,268.36 crore from anchor investors. Lenskart Solutions IPO Anchor bid date is October 30, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Oct 30, 2025 |
| Shares Offered | 8,13,02,412 |
| Anchor Portion (₹ Cr.) | 3,268.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 3, 2026 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to 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 | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
Key strengths include:
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 ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 13.84 |
| RoNW | 4.84 |
| PAT Margin | -115.00% |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.77 | 1.41 |
| P/E (x) | 227.27 | 284.96 |
| Promoter Holding | 19.85% | 17.52% |
| Market Cap | ₹69,727.57 Cr. |
The Lenskart Solutions IPO is subscribed 28.27 times on November 4, 2025 5:04:33 PM (Day 3). The public issue subscribed 7.56 times in the retail category, 40.36 times in the QIB category, and 18.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 40.36 | 5,41,87,724 | 2,18,68,08,632 |
| NII | 18.23 | 2,70,98,027 | 49,39,57,585 |
| bNII (bids above ₹10L) | 21.81 | 1,80,65,352 | 39,40,22,472 |
| sNII (bids below ₹10L) | 11.06 | 90,32,676 | 9,99,35,113 |
| Retail | 7.56 | 1,80,65,352 | 13,66,54,061 |
| Employee | 4.96 | 3,91,645 | 19,42,352 |
| Total | 28.27 | 9,97,42,748 | 2,81,93,62,630 |
Total Application : 32,56,297
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 1.29 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 0.07 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees | 0.14 |
| 5 | Other regulatory expenses | 0.03 |
| 6 | Printing and stationery expenses | 0.01 |
| 7 | Fees payable to the legal counsels | 0.13 |
| 8 | Advertising and marketing expenses for the Offer | 0.24 |
| 9 | Fees payable to other parties to the Offer including but not limited to the Statutory Auditors, independent chartered accountants, industry report provider and Monitoring Agency | 0.19 |
| 10 | Miscellaneous | 0.23 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹402.00 | ₹402.00 |
| Open | ₹390.00 | ₹395.00 |
| Low | ₹355.70 | ₹356.10 |
| High | ₹413.80 | ₹413.75 |
| Last Trade | ₹403.30 | ₹403.10 |
Lead Manager Reports
Lenskart Solutions IPO is a main-board IPO of 18,10,58,478 equity shares of the face value of ₹2 aggregating up to ₹7,278 Crores. The issue is priced at ₹402 per share. The minimum order quantity is 37.
The IPO opens on Fri, Oct 31, 2025, and closes on Tue, Nov 4, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lenskart Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Lenskart Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lenskart Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lenskart Solutions IPO opens on Fri, Oct 31, 2025 and closes on Tue, Nov 4, 2025.
Lenskart Solutions IPO lot size is 37, and the minimum amount required for application is ₹14,874.
You can apply in Lenskart Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Lenskart Solutions IPO will be done on Thursday, November 6, 2025, and the allotted shares will be credited to your demat account by Fri, Nov 7, 2025. Check the Lenskart Solutions IPO allotment status.
The Lenskart Solutions IPO listing date is on Mon, Nov 10, 2025.
