Summary of this article
Lenskart IPO price band has been fixed at
Lenskart IPO GMP is ranging between Rs 68 to Rs 84.
Lenskart IPO will open for subscription on October 31
Lenskart IPO GMP: The initial public offering (IPO) of Lenskart (Lenskart Solutions) is scheduled to open for subscription on October 31, 2025. The eyewear retailer’s public issue is garnering significant investor interest amid the announcement of the price band on October 27.
Lenskart IPO’s grey market premium (GMP) has also surged following the announcement of the price band. Here’s a look at some of the key details related to the IPO.
Lenskart IPO: Offer Size and Price Band
Lenskart aims to raise Rs 7,278.02 crore through its public issue, which consists of a combination of 53.50 million shares amounting to Rs 2,150 crore and an offer for sale (OFS) of 127.6 million shares aggregating to Rs 5,128.02 crore. Lenskart IPO price band has been fixed at Rs 382 to Rs 402.
Lenskart IPO: GMP
The GMP of Lenskart shares is ranging between Rs 68 and Rs 84 per share on October 27. Lenskart shares can potentially list with gains of over 20.9 per cent at Rs 486 apiece, based on the GMP.
Lenskart IPO: Lot Size and Minimum Investment
The lot size is 37 shares, and the minimum investment for retail investors is Rs 14,874. The minimum lot size for small non-institutional investors (NIIs) is 14 lots or 518 shares, amounting to Rs 2,08,236, and for big non-institutional investors, it is 68 lots, or Rs 10,11,432.
Lenskart IPO: Reservation
Lenskart has reserved 75 per cent for the qualified institutional buyer (QIB) category, 15 per cent for the NII category, and 10 per cent of the net issue for retail investors.
Lenskart IPO: Subscription Window, Listing Date, Allotment Date
The subscription window is scheduled to open on October 31 and will close on November 4 and the share allotment status will be announced on November 6. Post the announcement of the share allotment status, unsuccessful bidders will receive refunds on November 7. The shares will be listed on the NSE and BSE tentatively on November 10.
Lenskart: Key Financials
Lenskart Solutions’ total income for the quarter ended June 30, 2025 was Rs 1,946.1 crore, while its profit-after-tax (PAT) was Rs 61.17 crore. The net worth of the eyewear company was Rs 6,176.87 crore in the quarter under review.
In the fiscal ending March 31, 2025 Lenskart’s total income grew by nearly 25 per cent to Rs 7,009.28 crore compared to Rs 5,609.87 crore in the previous fiscal. Lenskart posted a net profit of Rs 297.34 crore against a net loss of Rs 10.15 crore in the preceding fiscal. The net worth of the eyewear retailer increased by over 8 per cent to Rs 6,108.3 crore in FY25 compared to Rs 5,642.38 crore in FY24.
Lenskart IPO: Registrar
The book running managers for the issue include Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets, Axis Capital, and Intensive Fiscal Services. The registrar for the issue is MUFG Intime India.
Lenskart: Promoters
The co-founders of Lenskart, Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi will reduce their stake in the company from 19.85 per cent prior to the issue to 17.52 per cent post the issue.
Lenskart IPO: Objective
Lenskart seeks to use the funds raised through the public issue for funding capital expenditure towards setting up new co-owned co-operated stores (CoCo). A portion of the proceeds will also be used for payments related to lease, rent and license agreements for the CoCo stores. Lenskart will also use the proceeds for investing in technology and cloud infrastructure, brand marketing, business promotion, and for funding inorganic acquisitions and general corporate purposes.
About Lenskart
Lenskart Solutions is an eyewear company. The company undertakes several functions such as design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories. The company deploys a direct-to-consumer model and offers a range of eyewear under its in-house brand and sub-brands.
