Lenskart Solutions IPO: Price, Analysis, Allotment, And GMP

Lenskart Solutions IPO - Company Analysis

Lenskart Solutions IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 7,278.02 Cr by Lenskart Solutions Ltd., founded in 2010, and is a major omnichannel optical Retail Brand in India, specialising in glasses, sunglasses, and contact lenses.

Lenskart is an integrated design, manufacturing, supply chain, and retail entity, and this is why it can provide quality and affordable eyewear. Lenskart has a strong online presence, a mobile app, and 2500+ retail stores in India, Singapore, UAE, and the Middle East.

Lenskart has more than 20 million registered users and technology eyewear buying solutions in India, like 3D test different eyewear styles and choose with AI recommendations.

Lenskart Solutions IPO Details

The Lenskart Solutions Ltd IPO open date is from Oct 31 to Nov 04, with IPO allotment on Nov 06, refund initiation on Nov 07, 2025.

The Rs. 7,278.02 Cr mainline IPO comprises a combination of fresh issue of 5.35 crore shares (Rs. 2,150 Cr) and an offer for sale of 12.76 crore shares (Rs. 5,128.02 Cr).

The Lenskart Solutions IPO listing date might be on Monday, 10 November 2025, and it will be listed at the BSE and NSE. The Lenskart Solutions IPO price band is Rs. 382 to Rs. 402 for each Share. 

Events	Date
IPO Opening Date	October 31, 2025
IPO Closing Date	November 04, 2025
IPO Allotment Date	November 06, 2025 (Tentative)
Refund Initiation	November 07, 2025 (Tentative)
Tentative IPO Listing Date	November 10, 2025

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	10,471.02	9,531.02	9,528.28
Total Income	7,009.28	5,609.87	3,927.97
Profit After Tax (PAT)	297.34	-10.15	-63.76
EBITDA	971.06	672.09	259.71
Net Worth	6,108.30	5,642.38	5,444.48
Reserves & Surplus	5,795.00	5,466.50	5,411.96
Total Borrowing	345.94	497.15	917.21

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in Mn)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	12,306.32	4,873.83	947.40
Net Cash Flow Investing Activities	(2,658.67)	1,586.76	(29,764.87)
Net Cash Flow Financing Activities	(5,347.76)	(7,217.68)	27,767.03

 

Revenue Bifurcation 

 

(Source RHP)

The Objective of The Issue

• Capital investment for the establishment of new CoCo outlets in India. ~ Rs. 272.62 Cr.

• Expenses for payments associated with lease, rent, and license agreements for our CoCo outlets run by the company in India. ~ Rs. 591.44 Cr.

• Putting money into cloud infrastructure and technology. ~ Rs. 213.38 Cr..

• Business promotion and brand marketing costs are used to raise brand awareness.~ Rs. 320.06 Cr.

Click to check the IPO application status.

Listed Peers of Lenskart Solutions  Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Metric	Value
ROCE	13.84%
RoNW	4.84%
EBITDA Margin	14.60%
PB Value	11.03

 

 

Evaluation of P/E Ratio

The company's IPO price of Rs. 402 corresponds to a P/E multiple of 227.11x based on FY25 EPS of Rs. 1.77.

Explore the Orkla India IPO.

IPO's Strengths

• One of the largest optical retail networks in India. 

• Built through years of customer loyalty and impressive digital integration. 

• Balanced online and offline stores with an efficient supply chain. 

• Greater control over quality and reduced dependency on contract manufacturers. 

• Revenue and Profits are expected to grow in double digits for FY23-FY25.  

 

IPO Weaknesses

• Aggressive Marketing tends to undermine short-term goals. 

• Eyewear is semi-discretionary.  

• Exports are subject to currency and geopolitical risks.  

• Competes with Titan Eye+, Specsavers, and new market entrants.  

 

Lenskart Solutions IPO GMP 

Lenskart Solutions IPO GMP today is Rs. 93 as of 27 Oct 2025, while writing this information.

Lenskart Solutions Limited IPO Summary

IPO Opening & Closing Date	Oct 31, 2025 to Nov 04, 2025
Face Value	Rs. 2 per Share
Issue Price	Rs. 382 to Rs. 402
Lot Size	37 Shares
Issue Size	18,10,45,160 Shares (Rs. 7,278.02 Cr)
Offer for Sale	12,75,62,573 Shares (Rs. 5,128.02 Cr)
Fresh Issue	5,34,82,587 Shares (Rs. 2,150 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt. Ltd.

 

 

Lenskart Solutions IPO Lot Size

The Lenskart IPO allows retail investors to invest in a minimum and maximum of 1 Lot (37 Shares) amounting to Rs. 14874 and 13 Lots (481 Shares) amounting to Rs. 193362, respectively, while for S-HNI investors, the minimum Lot is 14 (518 Shares) amounting to Rs. 208236.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

Lenskart Solutions IPO Reservation

Institutional Share Portion	75%
Retail Investors' Share Portion	10%
Non-Institutional Shares Portion	15%

 

Lenskart Solutions IPO Allotment Status

To check the Lenskart Solutions IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Lenskart Solutions  Ltd.

• Peyush Bansal

• Neha Bansal

• Amit Chaudhary

• Sumeet Kapahi. 

Pre-Issue Promoter Shareholding	19.85%
Post-Issue Promoter Shareholding	17.52%

 

Lenskart Solutions IPO Lead Managers

• Kotak Mahindra Capital Company Limited

• Morgan Stanley India Company Private Limited

• Citigroup Global Markets India Private Limited

• Intensive Fiscal Services Private Limited.

 

Dividend Policy

The company has not paid a dividend in the past three financial years.

Conclusion

Lenskart IPO remains one of the most anticipated listings of FY25. The reasons include a strong brand identity, integrated operations, and solid financials. Lenskart has a unique combination of technology, affordability, and premium products. This positions the brand very well in India’s growing eyewear market. Investors should also note that this IPO involves partly an Offer for Sale, therefore, the company’s capital base will not be substantially increased. 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.