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Lenskart Solutions IPO is a book build issue of ₹7,278.76 crores. The issue is a combination of fresh issue of 5.35 crore shares aggregating to ₹2,150.74 crores and offer for sale of 12.76 crore shares aggregating to ₹5,128.02 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. Lenskart Solutions IPO will list on BSE, NSE with a tentative listing date fixed as 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.
The book running lead manager (Not declared yet) and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Lenskart Solutions IPO RHP for detailed Information.
| IPO Date | October 31, 2025 to November 4, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹382 to ₹402 per share |
| Issue Price Final | ₹402 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,10,63,669 shares (aggregating up to ₹7,278.76 Cr) |
| Fresh Issue | 5,35,01,096 shares (aggregating up to ₹2,150.74 Cr) |
| Offer for Sale | 12,75,62,573 shares of ₹2 (aggregating up to ₹5,128.02 Cr) |
| Employee Discount | ₹19.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,68,10,15,590 shares |
| Share Holding Post Issue | 1,73,45,16,686 shares |
Lenskart Solutions IPO offers total 18,10,63,669 shares. Out of which 13,55,04,020 (74.84%) allocated to QIB, 5,42,01,608 (29.94%) allocated to QIB (Ex- Anchor), 2,71,00,803 (14.97%) allocated to NII 1,80,67,202 (9.98%) allocated to RII and 8,13,02,412 (44.90%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 13,55,04,020 (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 (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 (9.98%) | 4,88,302 |
| Employee Shares Offered | 3,91,644 (0.22%) | NA |
| Total Shares Offered | 18,10,63,669 (100.00%) |
| 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 IPO raises ₹3,268.36 crore from anchor investors. Lenskart Solutions IPO Anchor bid date is October 30, 2025. Lenskart Solutions IPO Anchor Investors list
| Bid Date | October 30, 2025 |
| Shares Offered | 8,13,02,412 |
| Anchor Portion Size (In Cr.) | 3,268.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 6, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 4, 2026 |
Lenskart Solutions IPO opens on October 31, 2025, and closes on November 4, 2025.
| IPO Open Date | Fri, Oct 31, 2025 |
| IPO Close Date | Tue, Nov 4, 2025 |
| Tentative Allotment | Thu, Nov 6, 2025 |
| Initiation of Refunds | Fri, Nov 7, 2025 |
| Credit of Shares to Demat | Fri, Nov 7, 2025 |
| Tentative Listing Date | Mon, Nov 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 4, 2025 |
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 | ₹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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROCE | 13.84% |
| RoNW | 4.84 |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
| Market Capitalization | 69726.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.77 | 1.41 |
| P/E (x) | 227.27 | 284.96 |
The Company Lenskart Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] LSL is a leading prescription based eyewear manufacturer in India. It marked constant growth in its top and bottom lines for the reported periods and has turned the corner from FY25. It has planned to set up most modern and higher capacity manufacturing unit in Telangana. Based on its recent financial data, the issue appears exorbitantly priced. The company is asking fancy premium for its aggressive future plans and discount all positives. Only well-informed/cash surplus/risk seekers may park funds for medium to long term. Read detail review...
Lenskart Solutions Ltd.
Plot No. 151,
Okhla Industrial Estate
Phase III
Delhi, New Delhi, 110020
Phone: +91 124 429 3191
Email: compliance.officer@lenskart.co
Website: https://www.lenskart.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: lenskart.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Lead Manager Reports
Lenskart Solutions IPO is a main-board IPO of 18,10,63,669 equity shares of the face value of ₹2 aggregating up to ₹7,278.76 Crores. The issue is priced at ₹402 per share. The minimum order quantity is 37.
The IPO opens on October 31, 2025, and closes on November 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 October 31, 2025 and closes on November 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 Friday, November 7, 2025. Check the Lenskart Solutions IPO allotment status.
The Lenskart Solutions IPO listing date is not yet announced. The tentative date of Lenskart Solutions IPO listing is Monday, November 10, 2025.
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