Lenskart IPO Off to Steady Start; Subscribed 1.07 times on Day 1 So Far

New Delhi, October 31, 2025: The ₹7,278 crore Lenskart Solutions Limited’s initial public offering (IPO) opened to the public for bidding on Friday, October 31, 2025. The IPO had a measured yet promising response with a 1.07 times subscription status as of 03:23 pm on Day 1 of bidding.

Lenskart Solutions Ltd (CIN: U33100DL2008PLC178355) is India’s largest omni-channel eyewear retailer with 2,723 stores across India and international markets. The company reported ₹6,652 crore in FY25 revenue, an increase of about 22.6% on a year-on-year basis, and posted a net profit of ₹297 crore. The company was founded in 2008 and operates an integrated model across design, manufacturing, branding, and retail, supported by technology-led distribution and overseas subsidiaries in Singapore, Dubai, and Japan.

Lenskart Day 1 Subscription Snapshot

The subscription status was driven primarily by Qualified Institutional Buyers (QIBs, excluding anchor investors), who subscription status 1.42 times, bidding for 7,70,14,279 shares against 5,41,87,724 shares on offer. Retail investors followed closely with a 1.15 times subscription status, bidding for 2,07,65,214 shares compared to 1,80,65,352 shares available. Anchor investors fully subscription status to their portion, bidding for 8,13,02,412 shares, reflecting a 100% subscription  status. Employee participation was steady at 0.98 times, with bids for 3,82,950 shares against 3,91,645 shares offered. However, Non-Institutional Buyers showed a relatively subdued response, subscription status only 0.31 times with 82,74,791 bids against 2,70,98,027 shares on offer.

Lenskart Anchor Round Raises ₹3,268 Crore

Before the opening of the IPO, the company raised ₹3,268.36 crore from anchor investors by allotting 8.13 crore shares at ₹402 each. The issue attracted strong participation from marquee global and domestic institutions, including the Government of Singapore, the Monetary Authority of Singapore, T. Rowe Price, BlackRock, Fidelity, and leading Indian mutual funds such as SBI, HDFC, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life.

Lenskart IPO Details

The Lenskart IPO is a fresh issue of ₹2,150 crore, combined with an offer for sale of 12.75 crore shares, bringing the total issue size to ₹7,278 crore. The price band of the issue is set at ₹382 – ₹402 per share, with the lot size fixed at 37 shares (₹14,874 per lot). The issue opened for bidding on October 31, 2025, and will remain open till November 4, 2025. The shares offered under the IPO will be listed on November 10, 2025, on both NS and BSE. The lead managers of the IPO are Kotak Mahindra Capital, Morgan Stanley, Avendus, Citi, Axis, Intensive Fiscal, with MUFG Intime India Pvt. Ltd. acting as the registrar.

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