What are the open and close dates of the Lenskart Solutions IPO ?

Lenskart Solutions IPO will be open between 2025-10-31 and 2025-11-04.

What is the allotment date for the Lenskart Solutions IPO ?

Lenskart Solutions IPO allotment date is 2025-11-07. For Lenskart Solutions IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Lenskart Solutions IPO ?

For Lenskart Solutions IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Lenskart Solutions IPO allotment status on the website of the registrar.

Where is the Lenskart Solutions IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will Lenskart Solutions IPO shares be credited to your demat account?

The Lenskart Solutions IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the Lenskart Solutions IPO ?

The Lenskart Solutions IPO lot size is 37 and minimum order quantity is 37.

What is the price band for the Lenskart Solutions IPO ?

Lenskart Solutions IPO has set the price band for its IPO at 402 per equity share with a face value of 2.

28.21x

subscribed

Lenskart Solutions IPO

Retailing

listed

₹14,134Min. investment

Pre-apply
28 Oct
Bid start
31 Oct
Bid end
4 Nov
Allotment
6 Nov
Release of funds
7 Nov
Demat transfer
7 Nov
Listing
10 Nov

About Lenskart Solutions Limited

Issue size

₹7,278Cr

IPO type

Mainboard

Market Cap

₹69,726CrHigher than sector avg

Price range

₹382 – ₹402

Listing ExchangeBSE, NSE

RevenueApr 2024 - Mar 2025

₹6,652CrHigher than sector avg

Lot size

37 shares

Draft Red Herring Prospectus

Read

Growth rate3Y CAGR

32.52%Higher than sector avg

SectorRetailing

Price range₹382 – ₹402

IPO type

Regular

Lot size37 shares

Issue size₹7,278Cr

Draft Red Herring Prospectus

Read

Market Cap

₹69,726CrHigher than sector avg

RevenueApr 2024 - Mar 2025

₹6,652CrHigher than sector avg

Growth rate3Y CAGR

32.52%Higher than sector avg

Lenskart Solutions Limited IPO Overview

Lenskart Solutions Limited IPO date

Lenskart Solutions Limited IPO will open for subscription on October 31, 2025, and the closing date for the IPO is November 04, 2025. After this, investors are expected to be updated about the allotment status on November 06, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on November 07, 2025. The shares will be listed on the NSE and the BSE on Monday, November 10, 2025.

Lenskart Solutions Limited IPO price band

The IPO includes a fresh issue and an offer for sale. The IPO price band has been set between ₹382 to ₹402 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹2,150 crore and an offer for sale of ₹5,128.02 crore.

Lenskart Solutions IPO listing price will be determined on November 10, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Lenskart Solutions Limited IPO lot size

Lenskart Solutions Limited IPO details have been declared. The minimum lot size for an application is 37 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹7,278.02 crore.

Checklist

Quality analysis

Revenue growth

Company valuation

Earnings expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue

Higher revenue means strong sales and good market demand

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₹6,652Cr

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₹1,764.49Cr

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3Y growth

Strong 3-year growth shows consistent progress and potential

This IPO

32.52%

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0.01%

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Market cap

Higher market cap means strong confidence but may suggest overvaluation

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₹69,726Cr

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₹11,364.76Cr

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P/E ratio

Lower ratio usually means stock is undervalued

This IPO

227.12

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36.95

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Objectives

General corporate purposes

35.20%

Funds for lease and rent payment

27.50%

Brand marketing and business promotion

14.80%

Capital expenditure

12.60%

Investment in technology

9.90%

Strength and Weakness

Centralised supply chain

Lenskart’s fully centralised prescription eyewear supply chain enables faster delivery, cost efficiency, and consistent product quality at scale. Its robotic lens edging systems can process up to 27 eyeglasses per minute, ensuring micron-level precision and reliability. As of June 30, 2025, it offered 79,000+ SKUs and achieved next-day delivery across 58 Indian cities, making it the only eyewear player to do so at scale. The centralised model has also reduced material costs by 35–40% versus traditional retailers.

Integrated manufacturing capabilities

The company’s in-house frame and lens manufacturing facilities across Gurugram and Bhiwadi allow greater control over design, quality, and cost. By producing complex lens types and signature ranges like Lenskart AIR, it minimises dependency on external suppliers.

Strong direct-to-consumer (D2C) model

Lenskart’s D2C approach eliminates multiple intermediaries in the eyewear value chain, offering affordable pricing and faster delivery while retaining end-to-end quality control. Lenskart achieved greater cost efficiency compared to conventional eyewear retailers and was ranked as the third-largest manufacturer of prescription eyeglasses globally among major organised retailers in FY25.

Technology-driven operations

With a 491-member tech team, Lenskart leverages AI and automation across its operations, from virtual try-ons (3.86 crore in FY25) to warehouse management and AI-enabled store analytics. 80.8% of new CoCo stores achieved payback in just 10.3 months (FY24–25), highlighting efficient site selection through AI-led forecasting. Digitised eye-testing and remote optometry, with 164 optometrists conducting remote eye tests for customers at 298 stores in India, further expand accessibility across India and Asia.

Omnichannel retail network

The company’s hybrid model of apps, websites, and 2,806 stores (2,137 in India and 669 overseas) ensures seamless customer journeys and consistent pricing. Stores generated ₹23,492.5 revenue per sq. ft. in FY25, the highest among large organised eyewear retailers in India. Further, nearly 44.82% of FY25 India revenue came from customers who engaged digitally before purchase.

Significant raw material cost

Raw materials constitute a substantial portion of Lenskart’s total expenses, with 24.52% in FY25 and 25.45% as of June 30, 2025. The company’s profitability is sensitive to fluctuations in raw material prices, including blank lenses, acetate sheets, and metal frames. Since most procurement is done on spot orders rather than long-term fixed-price contracts, volatility in commodity prices or currency rates could impact margins.

Heavy reliance on China for sourcing

Direct imports from the People’s Republic of China accounted for 42.21% of total purchases in FY25 and 53.38% as of June 2025, reflecting high dependence on Chinese supply chains. Moreover, the company operates a manufacturing JV, Baofeng Framekart Technology Ltd., in China. Disruptions due to trade restrictions, geopolitical tensions, or rising import duties could materially affect supply continuity and operations.

Under-utilisation of manufacturing facilities

Lenskart’s manufacturing facilities operated at a capacity utilisation of 55.10% as of June 2025. Failure to fully utilise available capacity can impact the business. Further, its production is concentrated in two plants located in Bhiwadi (66.67%% of total production) and Gurugram (31.75%). This regional concentration exposes operations to localised disruptions such as power outages, labour unrest, or regulatory changes.

Retail network profitability and lease liabilities

The company’s omnichannel model relies heavily on physical retail stores. As of June 30, 2025, it operated 2,806 stores worldwide, including 2,137 in India. Any slowdown in store-level sales, higher rental renewals, or demographic shifts reducing footfall could impact store profitability.

Global exposure risks

With operations across 14 countries, Lenskart derives nearly 39.65% of its FY25 revenue from international markets. While this enhances diversification, it exposes the company to currency fluctuations, tax variations, and regulatory differences. Adverse developments such as trade policy changes, foreign exchange volatility, or geopolitical instability could impact both revenues and costs.

About Lenskart Solutions Limited

Lenskart Solutions is a technology-driven eyewear company with fully integrated operations across design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, and contact lenses. It follows a D2C business model, selling the products under its own brands and sub-brands through both online and offline platforms.

The company commenced its operations in India as an online business in 2010 and opened its first retail store in New Delhi in 2013. Over the years, Lenskart Solutions has expanded its operations to Japan, Southeast Asia, the Middle East and other international markets. It is India's biggest organised retail seller of prescription eyewear and among the top 2 organised eyewear retailers in Asia according to B2C eyeglass sales volume in FY25.

Lenskart has a strong omnichannel retail network of 2,806 stores across the world (2,137 in India and 669 globally) with a total store footprint of 1.73 msf as of June 30, 2025. Its mobile apps had over 10 crore cumulative downloads along with a growing base of 1.24 crore annual transacting customer accounts with a 2-year repeat purchase rate of 3.62 eyeglasses per customer, 2x the Indian average of 1.8 eyeglasses.

The company operates a centralised and automated supply chain, with manufacturing facilities in Bhiwadi (Rajasthan) and Gurugram (Haryana), supported by regional units in Singapore and the UAE. Its Bhiwadi plant, one of the world's top 2 vertically integrated eyeglass manufacturing capacities, is 75% automated, which facilitates next-day delivery in 58 Indian cities. The company produces almost 70% of prescription eyeglasses in-house, with cost savings of 35–40% compared to usual retail stores, and with a 75% centralised inventory.

Lenskart Solutions' international expansion gained momentum after the acquisition of Owndays in 2022, which strengthened its presence in Japan and Southeast Asia. Together, Lenskart and Owndays operate across 14 countries, selling over 2.7 crore eyewear units collectively in FY25. Lenskart's innovation-driven model is also driven by technology and artificial intelligence. It has a 491-person strong technology team and applies AI-driven facial analysis, frame recommendation software, geo-analytic for store growth, and remote optometry services. It performed 1.35 crore eye tests and 0.26 crore eye tests outside India in FY25.

The company’s brand portfolio includes premium and affordable segments through John Jacobs, Owndays, Lenskart Air, Vincent Chase, hustlr, and Hooper Kids, with prescription eyeglasses accounting for more than 80% of its revenue from operations. In December 2024, it launched its affordable smart glasses category through “Phonic”, audio-enabled smart eyeglasses, in India. Lenskart was awarded “India’s Most Trusted Eyewear Brand 2025” by TRA Research in FY25. Its paid loyalty program, Lenskart Gold, had 0.71 crore members as of June 2025.

The global eyewear market, valued at ~₹15.2 lakh crore in FY25, is anticipated to grow to ~₹ 18.6 lakh crore by FY30. Asia accounts for 29-37% of the world's eyewear market as of FY25, and rising markets like India and Southeast Asia are estimated to be the quickest growing markets, with their organised eyewear market estimated to grow at ~19% and 10-14% respectively between FY25-FY30. This growth is fueled by heightened awareness of the prevalence of refractive errors, enhancing the affordability of prescription eyeglasses, and the increasing presence of organised players.

Lenskart is strategically positioned to capture the eyewear market expansion with operations across 14 countries and 669 international stores and regional facilities in Singapore and the UAE. The company’s focus remains on increasing market penetration, expanding customer access, innovating new product portfolios and enhancing customer experience.

Now, Lenskart Solutions Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹2,150 and an offer for sale of ₹5,128.02 crore. The total issue size of the IPO is ₹7,278.02 crore. Its shares will be listed on the NSE and BSE.

IPO Analysis

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Lenskart Solutions IPO

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IPO Subscription Status

Date	QIB	NII	Retail	Total
31-Oct-25	0.58 times (X)	0.41 times (X)	1.33 times (X)	1.13 times (X)
03-Nov-25	0.64X	1.86X	3.36X	2.02X
04-Nov-25	23.79X	18.03X	7.37X	28.21X

Latest News on IPO

Lenskart IPO: The ₹7,278.01 crore initial share sale is a mix of fresh issuance of shares valued at ₹2,150 crore and an offer for sale (OFS) of 127,562,573 shares aggregating to ₹5,128.01 crore.

3 min read

Eyewear startup Lenskart has called on bankers to pitch for the company’s initial public offering (IPO) wherein the firm is aiming to raise anywhere between $750 million and $1 billion, sources in the know told Moneycontrol. “The company is eyeing a valuation of $7-8 billion and is likely to list toward the end of fiscal year (FY) 2026,” one of the persons cited above said.

Abhishek Gupta, the former chief financial officer (CFO) of hospitality startup OYO, has joined eyewear maker Lenskart as its new CFO. “After nine amazing years at OYO, I have recently joined Lenskart as the CFO. Thank you Ritesh (OYO founder) and the entire team of OYO for the trust and friendship,” Gupta said in his LinkedIn post on October 22.

Founded in 2008 by Peyush Bansal, Lenskart began as an online eyewear platform and opened its first physical store in New Delhi in 2013. It has since evolved into one of India’s largest omni-channel eyewear retailers

2 min read

Lenskart IPO: The company, one of India's largest omni-channel eyewear retailers, provides a wide range of affordable and fashionable prescription eyeglasses, sunglasses, and contact lenses through its online platform and extensive retail network.

3 min read

Lenskart IPO: As part of the transaction, Neha Bansal, one of the promoters, transferred 24.87 lakh equity shares at ₹402 apiece to SBI Optimal Equity Fund (AIF) and SBI Emergent Fund AIF, Lenskart said in a public announcement on Wednesday.

3 min read

Lenskart IPO: The ₹7,278.02 crore initial share sale comprises a fresh issue valued at ₹2,150 crore and an offer for sale (OFS) of 12.75 crore shares aggregating to ₹5,128.02 crore.

3 min read

Lenskart IPO: The ₹7,278.02 crore initial share sale has a fresh issuance of shares valued at ₹2,150 crore and an offer for sale of 12.75 crore equity shares aggregating to ₹5,128.02 crore by promoters and investors.

3 min read

Lenskart IPO aims to raise ₹7,278.02 crore by offering new shares worth ₹2,150 crore and an offer-for-sale (OFS) of 12.75 crore shares totalling ₹5,128.02 crore by promoters and investors.

3 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Lenskart Solutions IPO ?

The issue size of the Lenskart Solutions IPO is 7278 Cr.

What is 'pre-apply' for Lenskart Solutions IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Lenskart Solutions IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.

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Lenskart Solutions IPO

Timeline

Pre-apply
28 Oct 2025
Bidding starts
31 Oct 2025
Bidding ends
4 Nov 2025
Allotment finalisation
6 Nov 2025
Release of funds
7 Nov 2025
Demat transfer
7 Nov 2025
Listing
10 Nov 2025