The much-anticipated Initial Public Offering (IPO) of Lenskart Solutions is set to open on October 31, 2025, and close on November 4, 2025, offering investors a chance to invest in the rapidly growing eyewear retailer. The IPO aims to raise ₹7,278 crore, valuing the company at ₹72,719 crore.
Price Band and Issue Details
Lenskart has fixed the price band for the IPO at ₹382 to ₹402 per share. The issue comprises a fresh issue of shares worth ₹2,150 crore and an offer for sale (OFS) of 12.76 crore equity shares. The face value of each share is ₹2.
Key Dates
- Anchor Investor Bidding: October 30, 2025
- IPO Opening Date: October 31, 2025
- IPO Closing Date: November 4, 2025
- Allotment Finalization: November 6, 2025
- Demat Account Credit: November 7, 2025
- Tentative Listing Date: November 10, 2025
Offer for Sale
The offer for sale (OFS) will involve existing investors selling their shares. Participating investors include 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, along with promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi.
** utilization of Funds**
The net proceeds from the fresh issue are proposed to be utilized for:
- Funding new stores.
- Lease payments.
- Technology and cloud upgrades.
- Brand marketing.
- Potential acquisitions and general corporate purposes.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Lenskart IPO is ₹120 today. GMP is an unofficial premium at which IPO shares are traded in the grey market before they are officially listed on the stock exchange. It serves as an indicator of potential listing gains, but it is subject to volatility and should not be the sole basis for investment decisions. Another source states the GMP as ₹75 as of October 26th, 2025.
Financial Performance
Lenskart has demonstrated strong financial growth. In fiscal year 2025, the company reported a profit of ₹297.34 crore, a significant turnaround from a loss of ₹10.15 crore in FY 2024 and ₹63.75 crore in FY 2023. The company's revenue for 2025 was ₹7,009.28 crores, compared to ₹5,609.87 crores in 2024.
About Lenskart
Founded in 2008, Lenskart is an omnichannel eyewear retailer that designs, manufactures, and distributes eyewear products, including prescription glasses, sunglasses, and contact lenses. It operates through online and offline channels, with a growing presence in India, Southeast Asia, and the Middle East. As of March 31, 2025, Lenskart operated 2,723 stores, including 2,067 in India and 656 overseas.
