Lenskart Solutions is entering the public markets through Mainboard IPO with an issue size of ₹7,278.02 crore. The issue consists of a fresh issue of ₹2,150.00 crore and an offer for sale of ₹5,128.02 crore. The shares are proposed to be listed on NSE & BSE.
The IPO subscription window opens on October 31, 2025 and will remain open until November 4, 2025. The company plans to list its shares on November 10, 2025. Since this is a Mainboard IPO, participation is expected from a wide range of investors.
The book-running lead managers for the Lenskart Solutions IPO are Kotak Mahindra Capital Company, Morgan Stanley India Company, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services. The registrar for this IPO is MUFG Intime India Private Limited.
Lenskart Solutions Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Lenskart Solutions that investors generally review before applying.
IPO Details at a Glance
| Company Name | Lenskart Solutions |
|---|---|
| IPO Segment | Mainboard |
| Sale Type | Fresh Issue + Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Price | ₹382 – ₹402 Per Share |
| Lot Size | 37 Shares |
| Face Value | ₹2 Per Share |
| Exchange | NSE & BSE |
| Pre-Issue Shareholding | 1,681,015,590 shares |
| Post-Issue Shareholding | 1,734,511,495 shares |
IPO Documents
| RHP | DRHP | Prospectus |
|---|---|---|
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Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 135,504,020 | 74.84% |
| — Anchor Investor | 81,302,412 | 44.90% |
| — QIB (Ex Anchor) | 54,201,608 | 29.94% |
| NII (HNI) | 27,100,803 | 14.97% |
| — bNII > ₹10L | 18,067,202 | 9.98% |
| — sNII < ₹10L | 9,033,601 | 4.99% |
| Retail | 18,067,202 | 9.98% |
| Employee Reservation | 391,644 | 0.22% |
| Total Shares Offered | 181,063,669 | 100.00% |
Lenskart Solutions IPO Important Dates
The following table highlights the key dates for the Lenskart Solutions IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 31 Oct 2025 |
|---|---|
| IPO Closing Date | 04 Nov 2025 |
| Allotment Finalization | 06 Nov 2025 |
| Initiation of Refunds | 07 Nov 2025 |
| Credit of Shares | 07 Nov 2025 |
| IPO Listing Date | 10 Nov 2025 |
Lenskart Solutions IPO Size & Structure
| Total IPO Size | ₹7,278.02 Crore |
|---|---|
| Offer For Sale | ₹5,128.02 Crore |
| Fresh Issue | ₹2,150.00 Crore |
Lenskart Solutions IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Lenskart Solutions IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹382 to ₹402 per share.
Investors can apply for the IPO with a minimum of 37 shares. Applications must be made in multiples of 37 shares.
- Retail investors can apply from 1 lot to 13 lots.
- Small HNI (SHNI) investors must apply for at least 14 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 68 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹402 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹402 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹402 | ₹193,362 |
| S-HNI (Min) | 14 | 518 | ₹402 | ₹208,236 |
| S-HNI (Max) | 67 | 2,479 | ₹402 | ₹996,558 |
| B-HNI | 68 | 2,516 | ₹402 | ₹1,011,432 |
Lenskart Solutions IPO Reservation & Discount Details
Below are the discount details available for different investor categories in the Lenskart Solutions IPO. The effective price after discount is calculated on the upper price band.
| IPO Price (Upper Band) | ₹402 |
|---|---|
| Employee Price | ₹383 (₹19 discount) |
Lenskart Solutions IPO GMP (Grey Market Premium)
The latest Lenskart Solutions IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Lenskart Solutions IPO GMP is ₹15 (3.73%), compared to the IPO issue price of ₹402. Based on the current GMP, the expected listing price is around ₹417. The Lowest GMP was ₹15 on 10 Nov 2025, while the highest GMP reached ₹120 on 26 Oct 2025.
Lenskart Solutions IPO was listed on the stock exchange on 10 Nov 2025. The IPO was subscribed 28.19 times. The first reported GMP was ₹120 (29.85%), while the latest recorded GMP stood at ₹15 (3.73%).Listing Details:
- Issue Price: ₹402 per share.
- Listing Price: ₹390.00 (approx. 2.99% discount)
- Listing Date: 10 Nov 2025
Lenskart Solutions IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 10 Nov 2025 | ₹402 | ₹15 | 3.73% | ₹417 | ₹555 |
| 08 Nov 2025 | ₹402 | ₹15 | 3.73% | ₹417 | ₹555 |
| 07 Nov 2025 | ₹402 | ▼ ₹15 | ▼ 3.73% | ₹417 | ₹555 |
| 06 Nov 2025 | ₹402 | ▲ ₹44 | ▲ 10.95% | ₹446 | ₹1,628 |
| 05 Nov 2025 | ₹402 | ▼ ₹39 | ▼ 9.7% | ₹441 | ₹1,443 |
| 04 Nov 2025 | ₹402 | ▼ ₹58 | ▼ 14.43% | ₹460 | ₹2,146 |
| 03 Nov 2025 | ₹402 | ▼ ₹70 | ▼ 17.41% | ₹472 | ₹2,590 |
| 01 Nov 2025 | ₹402 | ▲ ₹94 | ▲ 23.38% | ₹496 | ₹3,478 |
| 31 Oct 2025 | ₹402 | ▲ ₹71 | ▲ 17.66% | ₹473 | ₹2,627 |
| 30 Oct 2025 | ₹402 | ▼ ₹48 | ▼ 11.94% | ₹450 | ₹1,776 |
| 29 Oct 2025 | ₹402 | ▼ ₹80 | ▼ 19.9% | ₹482 | ₹2,960 |
| 28 Oct 2025 | ₹402 | ▲ ₹109 | ▲ 27.11% | ₹511 | ₹4,033 |
| 27 Oct 2025 | ₹402 | ▼ ₹68 | ▼ 16.92% | ₹470 | ₹2,516 |
| 26 Oct 2025 | ₹402 | ▲ ₹120 | ▲ 29.85% | ₹522 | ₹4,440 |
Lenskart Solutions IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Lenskart Solutions fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Lenskart Solutions IPO.
Lenskart Solutions IPO Subscription Status
Lenskart Solutions IPO was subscribed 28.19 times overall on the final day of bidding (as of 04 Nov 2025).The subscription opened on 31 Oct 2025. The Retail portion was subscribed 7.22 times, while QIB and NII categories were subscribed 40.35 times and 18.18 times respectively. The Employee category was subscribed 4.86 times, reflecting broad investor interest across segments.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 31 Oct 2025 | 1.42x | 0.41x | 1.32x | 1.11x | 1.13x |
| 03 Nov 2025 | 1.64x | 1.89x | 3.34x | 2.63x | 2.02x |
| 04 Nov 2025 | 40.35x | 18.18x | 7.22x | 4.86x | 28.19x |
The Lenskart Solutions IPO opened with strong demand on Day-1, supported by active participation from QIB and Retail investors.
On Day-2, subscription levels for the Lenskart Solutions IPO rose sharply due to heavy bidding from Retail, followed by Employee investors.
By the end of the bidding period, the IPO was subscribed 28.19x overall, reflecting strong demand from key investor categories, led by QIB, followed by NII and Retail investors. Overall subscription for the Lenskart Solutions IPO increased from 1.13x on Day-1 to 28.19x by the final day.
Lenskart Solutions IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 40.35x |
| Non-Institutional Investors (NII) | 18.22x |
| Retail Investors | 7.46x |
| Employee | 4.93x |
| Total | 28.24x |
Lenskart Solutions IPO Allotment Status
The Lenskart Solutions IPO allotment status was released on 06 Nov 2025. Investors who applied for the IPO can now check their Lenskart Solutions allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 06 Nov 2025
- 📈 Listing Date: 10 Nov 2025
How to Check Lenskart Solutions IPO Allotment Status Online?
Investors can check the Lenskart Solutions IPO allotment status online through MUFG Intime India Private Limited, NSE and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
MUFG Intime India
to know more about the IPO registrar.
Check on MUFG Intime India Private Limited (IPO Registrar)
- Visit → MUFG Intime India Pvt. Ltd.
- Select Lenskart Solutions
- Enter PAN / Application Number / DP Client ID
- Click Submit to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Lenskart Solutions IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Lenskart Solutions IPO allotment status.
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Lenskart Solutions IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Lenskart Solutions IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Lenskart Solutions IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Lenskart Solutions IPO Listing Analysis
Below is a quick summary of the Lenskart Solutions IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹402 | ₹390 | ▼ -2.99% |
| Listed (NSE) | ₹402 | ₹395 | ▼ -1.74% |
Lenskart Solutions made a weak debut on 10 Nov 2025, listing below its IPO issue price at ₹390, reflecting initial negative sentiment. However, the stock recovered during the session and closed at ₹403.3, limiting losses and ending near its issue price. Overall, investors experienced a flat-to-mild recovery by the end of the listing day.
📌 IPO Issue Price and Lot Size
The IPO of Lenskart Solutions was offered in the price band of ₹382 to ₹402 per share.
- The final issue price was fixed at ₹402.
- One lot consisted of 37 shares.
- Minimum investment: ₹402 × 37 = ₹14,874
- Investment after Day-1: ₹403.3 × 37 = ₹14,922
- By the end of the listing session, investors made a profit of +₹48 per lot.
📌 IPO Subscription Analysis
With a strong overall subscription of 28.19× and QIB participation of 40.35×, the IPO delivered a positive market debut. The stock listed at -2.99% and closed at 0.32%, reflecting sustained buying interest.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 1.42x | 0.41x | 1.32x | 1.13x |
| Day 2 | 1.64x | 1.89x | 3.34x | 2.02x |
| Day 3 | 40.35x | 18.18x | 7.22x | 28.19x |
📌 Final Assessment
Overall Outcome: Average IPO
- Subscription Phase: High investor participation
- Listing Phase: Neutral listing performance
- Investor Experience: Mild positive returns for investors
About Lenskart Solutions
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.
- Centralized supply chain and in-house manufacturing
- In-house frame and lens engineering
- Direct-to-consumer approach
- Customer-centric product design
- Owned eyewear brand portfolio
- Technology-led operations and retail experience
- Omnichannel retail presence
- Multi-year revenue and EBITDA growth trajectory
- High dependence on India for revenue; limited international contribution so far.
- Faces intense competition from online and offline eyewear players.
- Incurred losses in FY23 and FY24; profitability depends on scaling.
- Subject to risks related to rapid expansion and supply chain management.
- Relies on continuous tech investment; any disruption may affect operations.
Registered office: Plot No. 151, Okhla Industrial Estate, Phase III, New Delhi–110020, Delhi, India
- Phone: +911244293191
- E-mail:compliance.officer@lenskart.com
IPO Financial Summary
- Total Assets changed by 9.86% in FY 2024-2025.
- Total Revenue changed by 24.95% in FY 2024-2025.
- Profit After Tax turned positive in FY 2025 at 297.34.
- Reserves & Surplus changed by 6.01% in FY 2024-2025.
- Total Borrowings changed by -30.42% in FY 2024-2025.
| Metric | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 10,845.68 | 10,471.02 | 9,531.02 | 9,528.28 |
| Total Revenue (₹ Cr) | 1,946.10 | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax (₹ Cr) | 61.17 | 297.34 | -10.15 | -63.76 |
| Reserves & Surplus (₹ Cr) | 5,855.43 | 5,795.00 | 5,466.50 | 5,411.96 |
| Total Borrowings (₹ Cr) | 335.48 | 345.94 | 497.15 | 917.21 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹2,080.63 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Capital expenditure towards set-up of new CoCo stores in India | 272.62 | 13.10% |
| 2 | Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India | 591.44 | 28.43% |
| 3 | Investing in technology and cloud infrastructure | 213.38 | 10.26% |
| 4 | Brand marketing and business promotion expenses for enhancing brand awareness | 320.06 | 15.38% |
| 5 | Unidentified inorganic acquisitions and general corporate purposes | 683.13 | 32.83% |
| Total | 2,080.63 | 100% | |
Lenskart Solutions IPO Promoter Holding
| Promoter(s) | Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi |
|---|---|
| Pre-Issue Holding | 19.85% |
| Post-Issue Holding | 17.52% |
List of Book Running Lead Managers & Registrar
Lead Managers
| Lead Managers | Contact Person | Email Address | Phone Number |
|---|---|---|---|
| Kotak Mahindra Capital Company Limited | Ganesh Rane | lenskart.ipo@kotak.com | Tel: +91 22 4336 0000 |
| Morgan Stanley India Company Private Limited | Naresh Tetarwal | lenskartipo@morganstanley.com | Tel: +91 22 6118 1000 |
| Avendus Capital Private Limited | Sarthak Sawa / Sneha Roy | lenskart.ipo@avendus.com | Tel: +91 22 6648 0050 |
| Citigroup Global Markets India Private Limited | Anjali Kolathu Sureshkumar | lenskart.ipo@citi.com | Tel: +91 22 6175 9999 |
| Axis Capital Limited | Jigar Jain | lenskart.ipo@axiscap.in | Tel: +91 22 4325 2183 |
| Intensive Fiscal Services Private Limited | Harish Khajanchi / Anand Rawal | lenskart.ipo@intensivefiscal.com | Tel: +91 22 2287 0443 |
IPO Registrar
| Registrar Name | Contact Person | Email Address | Phone Number |
|---|---|---|---|
| MUFG Intime India Private Limited | Shanti Gopalkrishnan | lenskart.ipo@in.mpms.mufg.com | Tel: +91 81081 14949 |
Lenskart Solutions IPO FAQs
The Lenskart Solutions IPO is a Mainboard Bookbuilding IPO with a total issue size of ₹7,278.02 crore. The issue consists of a fresh issue of ₹2,150.00 crore and an offer for sale of ₹5,128.02 crore.
The IPO will open for subscription on Fri, 31 Oct 2025 and will close on Tue, 04 Nov 2025.
The shares are being offered at a price band of ₹382 to ₹402 per equity share.
Investors can apply for the IPO with a minimum lot size of 37 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹14,874.
The shares of Lenskart Solutions are expected to be listed on NSE & BSE on Mon, 10 Nov 2025.
The Grey Market Premium (GMP) of Lenskart Solutions IPO is ₹15.
The expected listing price of Lenskart Solutions IPO is around ₹417 based on current GMP. This indicates a potential return of approximately 3.73% , with an estimated profit of ₹555 per lot, subject to market conditions.
The Lenskart Solutions IPO was subscribed 28.24 times on the final day of subscription.
The retail portion is subscribed 7.22 times as of 04 Nov 2025.
The QIB portion is subscribed 40.35 times and the NII portion is subscribed 18.18 times .
The IPO registrar of Lenskart Solutions is MUFG Intime India Private Limited. MUFG is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Thu, 06 Nov 2025.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Thu, 06 Nov 2025 on the registrar or exchange website.
Shares are expected to be credited by Fri, 07 Nov 2025.
Refunds for unsuccessful applicants will be initiated on Fri, 07 Nov 2025.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Lenskart Solutions IPO is listed on NSE (LENSKART) and BSE (544600).
The current share price of Lenskart Solutions Limited is ₹481.70. The stock opened at ₹489.70, hit a high of ₹492.35 and a low of ₹473.80.
Lenskart Solutions Limited share price has decreased by ₹5.15 (1.06%) compared to the previous close. The stock has gained 23.51% from its listing price of ₹390.00 on BSE and gained 21.95% from its listing price of ₹395.00 on NSE.
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