Summary of this article
Lenskart Solutions IPO saw modest demand on the first day of subscription.
Lenskart Solutions IPO GMP ranged between Rss 64 and Rs 68 per share.
Lenskart Solutions IPO: Eyewear retailer Lenskart Solutions’ public issue opened for subscription on October 31. The eyewear maker’s public issue is slated to close for subscription on November 4.
On the first day of subscription, the issue has been booked 67 per cent across categories at the time of writing. The trends in the grey market for the company’s shares are also indicating that the stock may list with decent gains next week. Here are some key details of the public issue which applicants should know before applying for Lenskart Solutions’ initial public offering (IPO).
Lenskart Solutions IPO: Subscription
Lenskart Solutions’ IPO has been subscribed 67 per cent so far on the first day of subscription, receiving applications for more than 66.54 million shares against the 99.76 million shares set aside for the category.
Retail individual investors (RIIs) booked their quota the most among all investor classes. They subscribed their quota 1.01 times by placing bids for 18.18 million shares compared to the 18.06 million shares offered for subscription.
Non-institutional investors (NIIs) applied for 6.92 million shares compared to the 27.1 million shares set aside for them, booking the issue 26 per cent. At the time of writing, qualified institutional buyers (QIBs) have placed bids for 41.10 million shares compared to the 54.20 million shares set aside for the category. Employees of the eyewear retailer placed bids for 339,401 shares compared to the 391,644 shares set aside for the category, booking the issue 87 per cent.
Lenskart Solutions IPO GMP
Lenskart Solutions’ unlisted shares are commanding a grey market premium (GMP) ranging between Rs 64 and Rs 68 per share according to multiple websites which track the demand for shares of unlisted companies. Based on the GMP of Rs 68, shares of Lenskart Solutions are likely to make a decent market debut at Rs 470 apiece with gains of 16.92 per cent.
Lenskart Solutions IPO Offer Size, Listing Date, Price Band
The issue size aggregates to Rs 7,278.02 crore and consists of a fresh issue of 53.50 million shares aggregating to Rs 2,150 crore and an offer for sale (OFS) of 127.60 million shares aggregating to Rs 5,128.02 crore.
The price band has been fixed at Rs 382-402 per share. RIIs can apply for the eyewear manufacturer’s public issue by placing bids for 37 shares or 1 lot aggregating to an investment of Rs 14,874.
Lenskart Solutions will announce the share allotment status of the public issue on November 6. Successful applicants will receive the shares in their demat accounts on November 7. The shares will tentatively list on the BSE and NSE on November 10.
Lenskart Solutions: Key Financials
The eyewear retailer’s total income for the quarter ended June 30, 2025 stood at Rs 1,946.10 crore, the profit-after-tax (PAT) stood at Rs 61.17 crore and its net worth stood at Rs 6,176.87 crore.
In the fiscal ended March 31, 2025 Lenskart Solutions’ total income stood at Rs 7,009.28 crore, up by over 24 per cent compared to Rs 5,609.87 crore in the preceding fiscal. Lenskart Solutions reported a net profit of Rs 297.34 crore in FY25. In the preceding fiscal, the company posted a net loss of Rs 10.15 crore. In FY25, the eyewear retailer’s net worth grew to Rs 6,108.3 crore, indicating an increase of over 8 per cent from a net worth of Rs 5642.38 crore in FY24.
Lenskart Solutions IPO: Reservation
A major part of the public issue, as much as 74.84 per cent of the offer size has been reserved for the QIB category. As much as 14.97 per cent of the offer size has been set aside for NIIs and 9.98 per cent and 0.22 per cent have been set aside for retail investors and employees of the company, respectively.
Lenskart IPO: Anchor Investors
Lenskart Solutions conducted its anchor investor round on October 30 and raised Rs 3,268 crore by allocating shares to 147 anchor investors. Notably, the shares were allocated at Rs 402 per equity share. Some of the notable anchor investors included the Government of Singapore, Monetary Authority of Singapore, and Government Pension Fund Global (Norway). On the other hand, global funds like BlackRock, T. Rowe Price, Fidelity, and others also participated in the anchor round. Major domestic mutual fund houses, such as SBI Mutual Fund and HDFC Mutual Fund, alongside insurance companies like SBI Life Insurance and HDFC Life Insurance were also part of the anchor round.
Lenskart Solutions: Promoters
The promoters of Lenskart Solutions include Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi. The shareholding of the promoters will reduce from 19.85 per cent prior to the issue to 17.52 per cent post the issue.
Lenskart Solutions IPO: Objective
The eyewear retailer plans to use the proceeds of the public issue for establishing co-owned and co-operated (CoCo) Lenskart stores in India. The proceeds will also be used for investments in cloud infrastructure, business promotion and funding acquisitions
About Lenskart Solutions
Lenskart Solutions is a technology-focused eyewear company. The company is engaged in designing, manufacturing, branding, and marketing of several eyewear products. Their product portfolio includes prescription eyeglasses, sunglasses, contact lenses, and accessories.
