Lenskart Sets IPO Price Band at ₹382–₹402 per Share, Company Targets Valuation Above ₹69,700 Crore.

New Delhi, October 27:Lenskart Solutions Ltd, the leading eyewear retailer, has set the price band for its ₹7,278 crore initial public offering (IPO) at ₹382-₹402 per share, valuing the company at over ₹69,700 crore. The company is aiming for a post-money valuation at the upper end of the price band for its upcoming IPO. The public issue will be open for subscription from October 31 to November 4, while anchor investor bidding is scheduled for October 30.

Lenskart, established in 2008, initially launched as an online retailer for spectacles, but entered the offline retail space in 2013. Lenskart is now one of India’s largest omni-channel eyewear retailers, selling prescription eyeglasses, sunglasses and contact lenses both online and offline. Lenskart has a retail presence in metro, Tier-1, and Tier-2 cities in India, as well as in Southeast Asia and the Middle East.

Lenskart IPO Structure and Offer Details

Lenskart Solutions Ltd. IPO is a book-built issue with a total size of ₹7,278.02 crores. The issue consists of a fresh issue of 5.35 crore equity shares aggregating to ₹2,150.00 crores and an offer for sale (OFS) of 12.76 crore equity shares amounting to ₹5,128.02 crores. The IPO will open for subscription on October 31, 2025, and close on November 4, 2025. The basis of allotment is expected to be finalised on November 6, 2025, while the shares are likely to be listed on the BSE and NSE with a tentative listing date of November 10, 2025.

The price band for the Lenskart Solutions IPO has been set between ₹382.00 and ₹402.00 per share. The lot size for an application is 37 shares, requiring a minimum retail investment of ₹14,874 based on the upper price band. For small non-institutional investors (sNII), the minimum application is 14 lots (518 shares) worth ₹2,08,236, while for big non-institutional investors (bNII), the minimum application is 68 lots (2,516 shares) valued at ₹10,11,432.

Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with investors 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, will be a part of the OFS.

Lenskart Utilization of Proceeds

Lenskart intends to use the net proceeds raised from the IPO to establish new company-operated, company-owned (CoCo) stores in India, as well as for leasing and rental payments for these stores. The company will also invest in technology and cloud infrastructure, brand marketing, and business expansion, and expects to use part of the proceeds for potential acquisitions and general corporate purposes.

Lenskart Pre-IPO Funding and Market Presence

Recently, Radhakishan Damani, a billionaire and the founder of Avenue Supermarts (DMart), invested about ₹90 crore in pre-IPO funding into Lenskart, signaling increased investor confidence in the brand.

Lenskart Issue Allocation and Listing Date

According to the announcement, 75% of the issue is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors.

Lenskart has been scheduled to list on the stock exchanges on November 10, 2025.

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