Lenskart Solutions IPO Price: ₹382 to ₹402 per share
IPO Dates: 31th October 2025 – 4th November 2025
Company Overview
Lenskart Solutions Ltd., founded in 2008, is a technology-driven eyewear company engaged in designing, manufacturing, branding, and retailing prescription glasses, sunglasses, contact lenses, and related accessories. India is its primary market and, as per the Redseer Report, Lenskart achieved the highest volume of prescription eyeglasses sold in India during FY 2025.
Business Model
The company operates under a direct-to-consumer model, offering a wide range of products across various price segments and age groups through its owned brands and sub-brands. In FY 2025 alone, Lenskart launched 105 new eyewear collections, including several collaborations with popular brands and personalities.
Store Network & Reach
As of March 31, 2025:
- Total Stores: 2,723 (2,067 in India + 656 internationally)
- Owned Stores in India: 1,757
- Franchised Stores in India: 310
- Remote eye testing services are provided by 136 optometrists across 168 stores in India and select overseas markets such as Japan and Thailand.
Manufacturing & Supply Chain
LG Electronics India Limited maintains a strong supplier network comprising 287 suppliers, with an average association of 13.13 years as of June 30, 2025. The company emphasizes capital efficiency, reflected in a return on capital employed of 45.31 percent in Fiscal 2024, the highest among leading home appliances and consumer electronics players in India.
- Next-day delivery in 40 Indian cities
- 3-day delivery in 69 cities
(For single-vision prescription eyewear)
Key Strengths
- Centralized supply chain with in-house manufacturing
- Proprietary frame and lens engineering capabilities
- Strong D2C (Direct-to-Consumer) positioning
- Customer-first product design strategy
- Well-established owned-brand portfolio
- Technology-enabled operations and retail experience
- Omnichannel retail presence across geographies
- Robust multi-year revenue and EBITDA growth trajectory
Bidding Starts In
Lenskart Solutions IPO Specifics:
| IPO Date | October 31, 2025 to November 4, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹382 to ₹402 per share |
| Lot Size | 37 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 18,10,45,160 shares (aggregating up to ₹7,278.02 Cr) |
| Fresh Issue | 5,34,82,587 shares(aggregating up to ₹2,150.00 Cr) |
| Offer for Sale | 12,75,62,573 shares of ₹2(aggregating up to ₹5,128.02 Cr) |
| Employee Discount | ₹19.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,68,10,15,590 shares |
| Share Holding Post Issue | 1,73,44,98,177 shares |
Lenskart Solutions IPO Timetable (Important Dates)
| 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 |
| Listing Date | Mon, Nov 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 4, 2025 |
Lenskart Solutions IPO Lot Size
Bidders have the opportunity to bid for a minimum of 68 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Lenskart Solutions IPO Reservation
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
Lenskart Solutions IPO Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 30 Jun 2025 |
|---|---|---|---|---|
| Assets | 9,528.28 | 9,531.02 | 10,471.02 | 10,845.68 |
| Total Income | 3,927.97 | 5,609.87 | 7,009.28 | 1,946.10 |
| Profit After Tax | -63.76 | -10.15 | 297.34 | 61.17 |
| EBITDA | 259.71 | 672.09 | 971.06 | 336.63 |
| NET Worth | 5,444.48 | 5,642.38 | 6,108.30 | 6,176.87 |
| Reserves and Surplus | 5,411.96 | 5,466.50 | 5,795.00 | 5,855.43 |
| Total Borrowing | 917.21 | 497.15 | 345.94 | 335.48 |
Key Performance Indicator – Lenskart Solutions IPO
| KPI | Values |
|---|---|
| Market Cap | ₹69726.83 Cr |
| ROCE | 13.84% |
| RoNW | 4.84 |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
| EPS | ₹1.77 |
| P/E | 227.27 |
Objects of the Issue:
The company plans to utilize the Net Proceeds from the IPO for the following purposes:
- Capital expenditure for setting up new Company-owned Company-operated (CoCo) stores in India — ₹272.62 crore
- Lease/rent/license related payments for CoCo stores operated by the company in India — ₹591.44 crore
- Investment in technology and cloud infrastructure to strengthen digital capabilities — ₹213.38 crore
- Brand marketing and business promotion to enhance visibility and brand awareness — ₹320.06 crore
- Unidentified inorganic acquisitions and general corporate purposes — remaining funds
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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