Lenskart Solutions Ltd. IPO Details – Price, Date, GMP & Analysis
Lenskart Solutions Ltd. IPO Overview
Company Overview
Lenskart Solutions Ltd., established in 2008, is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of eyewear products. It primarily operates in India and recorded the highest volume of prescription eyeglasses sold in the country during FY 2025. The company follows a direct-to-consumer model, offering a wide range of eyewear under various brands and sub-brands. As of March 31, 2025, Lenskart operated 2,723 stores globally, with a significant presence in India and select international locations. Manufacturing is centralized in Bhiwadi and Gurugram, enabling efficient delivery across multiple cities. The company has shown consistent revenue growth over the past three fiscal years and boasts over 100 million app downloads.
IPO Timeline
Opens
Oct 31
Closes
Nov 4
Allotment
Nov 6
Refunds
Nov 7
Shares Credit
Nov 7
Listing
Nov 10
Opens
Oct 31
Closes
Nov 4
Allotment
Nov 6
Refunds
Nov 7
Shares Credit
Nov 7
Listing
Nov 10
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 1.42x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 0.41x | Undersubscribed |
| RII (Retail Individual Investors) | 1.32x | Oversubscribed |
| Total Subscription | 1.13x | Oversubscribed |
Last updated: Oct 31, 2025, 05:06 PM
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Assets | ₹10,471.02 Cr | ₹10,471.02 Cr | ₹9,531.02 Cr | ₹9,528.28 Cr |
| EBITDA | ₹971.06 Cr | ₹971.06 Cr | ₹672.09 Cr | ₹259.71 Cr |
| NET Worth | ₹6,108.3 Cr | ₹6,108.3 Cr | ₹5,642.38 Cr | ₹5,444.48 Cr |
| Profit After Tax | ₹297.34 Cr | ₹297.34 Cr | ₹10.15 Cr | ₹63.76 Cr |
| Reserves and Surplus | ₹5,795 Cr | ₹5,795 Cr | ₹5,466.5 Cr | ₹5,411.96 Cr |
| Total Borrowing | ₹345.94 Cr | ₹345.94 Cr | ₹497.15 Cr | ₹917.21 Cr |
| Total Income | ₹7,009.28 Cr | ₹7,009.28 Cr | ₹5,609.87 Cr | ₹3,927.97 Cr |
Strengths & Risks Analysis
Key Risks
Potential challenges and risk factors
- High dependence on India for revenue; limited international contribution so far.
- Faces intense competition from online and offline eyewear players.
- Incurred losses in FY23 and FY24; profitability depends on scaling.
- Subject to risks related to rapid expansion and supply chain management.
- Relies on continuous tech investment; any disruption may affect operations.
IPO Details
Lenskart Solutions IPO Details
| Employee Discount | ₹19.00 |
| Face Value | ₹2 per share |
| Fresh Issue | 5,34,82,587 shares (aggregating up to ₹2,150.00 Cr) |
| IPO Date | October 31, 2025 to November 4, 2025 |
| Issue Price Band | ₹382 to ₹402 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Listing Date | [.] |
| Lot Size | 37 Shares |
| Offer for Sale | 12,75,62,573 shares of ₹2 (aggregating up to ₹5,128.02 Cr) |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 1,73,44,98,177 shares |
| Share Holding Pre Issue | 1,68,10,15,590 shares |
| Total Issue Size | 18,10,45,160 shares (aggregating up to ₹7,278.02 Cr) |
Lenskart Solutions IPO Reservation
Share Reservation Distribution
Lenskart Solutions IPO Promoter Holding
| Promoter Holding Post Issue | 17.52% |
| Promoter Holding Pre Issue | 19.85% |
Key Dates
