Lenskart Solutions is set to launch its initial public offering (IPO) on October 31, 2025, opening the doors for public subscription until November 4, 2025. The IPO comprises a fresh issue of shares valued at ₹2,150 crore and an offer for sale (OFS) of 127,562,573 shares aggregating to ₹5,128.01 crore.
Price Band and Valuation
The price band for the IPO has been fixed at ₹382 to ₹402 per equity share. At the upper end of this price band, Lenskart is seeking a valuation of approximately ₹69,500 crore. This translates to roughly $8 billion.
Grey Market Premium (GMP)
As of October 27, 2025, the grey market premium (GMP) for Lenskart Solutions IPO is trading around ₹68 to ₹120. Given the IPO's price band of ₹382 to ₹402 per share, this premium suggests that the stock could list at around ₹477. This represents a potential gain of about 18.66% to 30% per share over the issue price. Note that the grey market premium reflects investor sentiment before the official listing and is not an official or guaranteed indicator of the actual listing price.
IPO Details
- Issue Size: Approximately ₹7,278.02 crore.
- Fresh Issue: Approximately ₹2,150 crore.
- Offer for Sale: 127,562,573 Equity Shares.
- Face Value: ₹2 Per Equity Share.
- Listing: BSE, NSE.
- Lot Size: Retail investors can apply for a minimum lot size of 37 shares.
- Registrar: MUFG Intime India Pvt Ltd.
Key Dates
- IPO Opening Date: October 31, 2025.
- IPO Closing Date: November 4, 2025.
- Allotment Date (Tentative): November 6, 2025.
- Refunds (Tentative): November 7, 2025.
- Credit to Demat Account (Tentative): November 7, 2025.
- Listing Date (Tentative): November 10, 2025.
Objectives of the IPO
The company plans to utilize the fresh issue proceeds for several strategic initiatives:
- Capital expenditure for establishing new company-operated, company-owned (CoCo) stores in India.
- Rent repayment of these CoCo stores.
- Investments in technology and cloud infrastructure.
- Brand marketing.
- Unidentified inorganic acquisitions.
- General corporate purposes.
Offer for Sale (OFS)
Under the OFS, promoters Peyush Bansal, Neha Bansal, Sumeet Kapahi and Amit Chaudhary; and investors SVF II Lightbulb (Cayman) Ltd, PI Opportunities Fund - II, Macritchie Investments Pte. Ltd., Schroders Capital Private Equity Asia Mauritius Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP would divest their stake.
Financial Performance
For the quarter ended June 30, 2025 (Q1FY26), Lenskart reported revenue from operations of ₹1,894.45 crore, a 24.6% increase from ₹1,520.42 crore in the same period last year. The company's profit after tax stood at ₹61.17 crore in Q1FY26, compared to a loss of ₹10.9 crore in the corresponding quarter of the previous fiscal year.
