Lenskart IPO to Open on October 31, Eyes ₹2,150 Crore Fresh Issue

Gurugram, October 27: The Initial Public Offering (IPO) of Lenskart Solutions is set to open on October 31 for subscription. Investors who are keen on applying to the IPO issue can apply through the ASBA facility by logging in to their net banking portal, or through an UPI banking by using their stock broking application. The issue will close on November 4, and the shares are expected to list on NSE and BSE on November 10.

Lenskart Solutions an Indian retailer of eyewear and operates a chain of stores across India. The company was established in 2010 and is headquartered in Gurugram, Haryana.

Lenskart Book Build Issue of ₹7,278.02 Crore

The issue size of the Lenskart IPO is ₹7,278.02 crore. This includes a fresh issue of 5.35 crore shares, aggregating to ₹2,150.00 crores and an offer for sale of 12.76 crore shares, aggregating to ₹5,128.02 crores. The company has set a price band of ₹382 to ₹400 per share. The lot size is 37 shares per application, amounting to a minimum investment of ₹14,874 (37 shares), based on upper price.

The lot size investment for sNII is 14 lots (518 shares), totalling ₹2,08,236, and for bNII, it is 68 lots (2,516 shares), totalling ₹10,11,432.

The share allotment is expected on November 6, while the company is expected to credit the shares and initiate refunds on November 7. The company has not yet announced the book-running lead manager, but has hired MUFG Intime India Pvt. Ltd. as the registrar of the issue.

Lenskart IPO Current Shareholders Selling Shares

The OFS will see share sales by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, as well as investors such as SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund–II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP.

Furthermore, the company also saw investment of around ₹90 crore from billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart) earlier this month during the pre-IPO funding round.

Lenskart Expansion of CoCo Stores Main Fundraising Motive

Lenskart Solutions announced that its main motive for utilising the IPO proceeds is to expand company-owned, company-operated (CoCo) stores. It will also use the proceeds for lease and rental payments, technology and cloud infrastructure investments, brand marketing, and potential acquisitions. The balance amount will be used for general corporate purposes.

Lenskart Turnaround From A Loss To A Profit

Between the financial years ending March 31, 2024, and March 31, 2025, Lenskart’s revenue increased by 25%, and its profit after tax (PAT) saw a significant rise of 3028%. The total income grew from ₹5,609.87 crore in FY24 to ₹7,009.28 crore in FY25.

The company turned profitable, reporting a net profit (PAT) of ₹297.34 crore in FY25 compared to a net loss of ₹10.15 crore in FY24. EBITDA also increased significantly from ₹672.09 crore to ₹971.06 crore. The company’s net worth grew to ₹6,108.30 crore by March 2025, and total borrowings decreased. For the latest quarter ended June 30, 2025, the company reported total income of ₹1,946.10 crore and a profit after tax of ₹61.17 crore.

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