Lenskart, one of India’s leading eyewear and optical retail chains, it is planning to raise around ₹ 7,278 crore via this IPO.
The IPO consists of ₹ 2,150 crore as Fresh issue and the rest as Offer for sale of 13.22 Crore shares.
Price band for the IPO is expected between ₹382-402. Grey Market Premium for Lenskart is around ₹ 05 showing a negative response after a lot of fluctuation.
Check Lenskart IPO allotment status
Subscription date to apply starts from 31-Oct – 04-Nov’25.
Over the years, it has also ventured into eye testing, home eye checkups, and tele-optometry services.
Here’s everything you need to know about the issue size, financials, grey market trends, strengths & risks, and subscription details.
Lenskart IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 10-Nov | ₹382-402 | ₹ 05 | Negative | ₹407 | ₹ 185 |
| 09-Nov | ₹382-402 | ₹ 10 | Negative | ₹412 | ₹ 370 |
| 08-Nov | ₹382-402 | ₹ 16 | Negative | ₹418 | ₹ 592 |
| 07-Nov | ₹382-402 | ₹ 10 | Negative | ₹412 | ₹ 370 |
| 06-Nov | ₹382-402 | ₹ 43 | Neutral | ₹445 | ₹ 1,591 |
| 05-Nov | ₹382-402 | ₹ 42 | Neutral | ₹444 | ₹ 1,554 |
| 04-Nov | ₹382-402 | ₹ 70 | Positive | ₹467 | ₹ 2,590 |
| 03-Nov | ₹382-402 | ₹ 78 | Positive | ₹475 | ₹ 2,886 |
| 02-Nov | ₹382-402 | ₹ 90 | Positive | ₹492 | ₹ 3,330 |
| 01-Nov | ₹382-402 | ₹ 90 | Positive | ₹492 | ₹ 3,330 |
| 31-Oct | ₹382-402 | ₹ 68 | Neutral | ₹470 | ₹ 2,516 |
| 30-Oct | ₹382-402 | ₹ 48 | Neutral | ₹450 | ₹ 1,776 |
| 29-Oct | ₹382-402 | ₹ 96 | Positive | ₹498 | ₹ 3,552 |
| 28-Oct | ₹382-402 | ₹ 106 | Positive | ₹508 | ₹ 3,922 |
| 27-Oct | ₹382-402 | ₹ 85 | Positive | ₹487 | ₹ 3,145 |
| 26-Oct | ₹382-402 | ₹ 82 | Positive | ₹484 | ₹ 3,034 |
| 25-Oct | ₹382-402 | ₹ 115 | Positive | ₹517 | ₹ 4,255 |
Revenue, PAT, EBITDA of Lenskart
| Year | 2025 |
| Networth | ~ ₹50,000 – 60,000 Cr |
| Revenue: | ~ ₹ 6,652.5 Cr |
| EBITDA | ~ ₹971 Cr |
| PAT | ~ ₹297 Cr |
| EBITDA Margin: | ~ 14.59 % |
| PAT Margin | ~ 4.47 % |
Lenskart Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 3,788 | ₹ -63.7 | ₹ 9,528 | ~₹ 35,000 |
| 2024 | ₹ 5,427 | ₹ -10.1 | ₹ 9,531 | ~₹ 40,000 |
| 2025 | ₹ 6,652 | ₹ 297.3 | ₹ 10,471 | ~₹ 69,741 |
Lenskart IPO Pros & Cons
Strengths:
- Strong brand trust & recall.
- Omnichannel reach with physical and online coverage.
- Vertical integration & supply chain control.
- Tech adoption (AR try-ons, virtual services) for consumer convenience .
- Growing eyewear demand driven by vision care awareness & fashion trends
Risks:
- Competitive pressure from optical chains, D2C eyewear startups.
- Thin margins / discount wars.
- Execution risk (consistent store performance, scaling).
- Regulatory / import duty risks.
- Overvaluation risk — IPO pricing may overshoot fundamentals (maybe due to founder hype with Sharktank)
Lenskart: IPO date & invest detail
| IPO Open Date: | 31-Oct 2025 |
| IPO Close Date: | 04-Nov’25 |
| Anchor Investor Bidding | 30-Oct 2025 |
| IPO Allotment Date: | 06-Nov’25 |
| Refunds & Demat Credit | 07-Nov’25 |
| Tentative Listing Date: | 10-Nov’25 |
| IPO Category | Mainboard |
| Symbol | – |
| Face Value: | ₹02 Per Equity Share |
| Issue Size: | ~₹ 7,278 Cr |
| Lot Size: | 37 Shares per lot |
Lenskart Composition & Proceeds
| Fresh Issue: | ~₹ 2,150 Crore |
| Offer for Sale: | 13.22 Crore Shares (~₹ 6,128 crore) |
| Employee reservation | 15 Crore Shares |
| Price Range | ₹382-402 |
| Use of Proceeds: | |
| New CoCo outlets | ~₹ 272.6 Crore |
| Improve Existing CoCo outlets | ~₹ 591.4 Crore |
| Technology & Infrastructure | ~₹ 213.4 Crore |
| Marketing & Promotions | ~₹ 320 Crore |
| Other | Balance |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≥ 35% |
| NII Quota: | ≥ 15% |
Lenskart Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 37 | 1 | 37 | ₹ 14,874 |
| Retail (Max) | 37 | 13 | 481 | ₹ 1,93,362 |
| Small HNI (Min) | 37 | 14 | 518 | ₹ 2,08,236 |
| Small HNI (Max) | 37 | 66 | 2,442 | ₹ 9,81,684 |
| Big HNI (Min) | 37 | 67 | 2,479 | ₹ 9,96,558 |
Core Offerings of Lenskart
Lenskart operates omnichannel eyewear retail — combining strong offline presence (stores across India) and a digital platform (online sales). Their product range includes eyeglasses, sunglasses, contact lenses, and accessories.
Over the years, it has also ventured into eye testing, home eye checkups, and tele-optometry services. Their competitive edge lies in vertical integration (in-house lens manufacturing, supply chain control) and strong branding/marketing presence.
Lenskart’s customer reach/market share, store location
The company Globally has 2,723 stores as of March 2025, of which 2,067 stores are in India and 656 across the globe.
Lenskart Promoters – Pre offer equity (Approx)
| Peyush Bansal | ~ 10.28 % |
| Neha Bansal | ~ 7.74 % |
Lead Managers / Registrars of Lenskart
| Lead / Book Running Lead Managers | Kotak Mahindra Capital Company Limited, Morgan Stanley India Pvt. Ltd, Avendus Capital Pvt. Ltd, Citigroup Global Markets India Pvt. Ltd, Axis Capital Limited, Intensive Fiscal Services Pvt. Ltd |
| Registrar (RTA) | MUFG Intime India Private Limited |
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For further information you can visit official website of Lenskart