Lenskart Solutions Ltd., established in 2008, is a technology-focused eyewear company engaged in design, manufacturing, branding and retail of prescription eyeglasses, sunglasses, contact lenses and accessories. It operates under a direct-to-consumer model and posted the highest volume of prescription eyeglasses sold in India in FY 2025.
Lenskart Solutions Ltd. IPO
Mainboard book‑built issue (Fresh + Offer for Sale + Employee)
UPCOMING IPOLenskart Solutions Ltd. is launching a ₹7,278.02 crore IPO comprising a fresh issue of 5.35 crore shares aggregating ₹2,150.00 crore and an offer for sale of 12.76 crore shares aggregating ₹5,128.02 crore, opening on October 31, 2025 and closing on November 4, 2025, with allotment expected on November 6 and listing proposed on BSE and NSE on November 10, 2025. The price band is ₹382 to ₹402 per share; the minimum retail application is 1 lot of 37 shares for ₹14,874 at the cap price, and eligible employees receive a ₹19 per‑share discount.
| Face Value | ₹2 per share |
|---|---|
| Issue Price Band | ₹382 to ₹402 per share |
| Offer Structure | Fresh Issue + Offer for Sale + Employee Reservation |
| Total Shares | 18,10,45,160 shares (aggregating up to ₹7,278.02 crore) |
| Fresh Issue | 5,34,82,587 shares (aggregating up to ₹2,150.00 crore) |
| Offer for Sale | 12,75,62,573 shares (aggregating up to ₹5,128.02 crore) |
| Employee Discount | ₹19 per share |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 1,68,10,15,590 shares (Pre); updated with post‑issue on listing |
| Lead Manager | Not declared yet |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| NII (HNI) | Not more than 15% of Net Offer |
| Retail (RII) | Not more than 10% of Net Offer |
Cut‑off bidding permitted for RII and employees as per SEBI norms; sNII/bNII not allowed to bid at cut-off.
| IPO Open | Fri, Oct 31, 2025 |
|---|---|
| IPO Close | Tue, Nov 4, 2025 |
| Allotment (Tentative) | Thu, Nov 6, 2025 |
| Refunds Initiation | Fri, Nov 7, 2025 |
| Credit to Demat | Fri, Nov 7, 2025 |
| Listing (Tentative) | Mon, Nov 10, 2025 |
| UPI Mandate Cut‑off | 5 PM on Tue, Nov 4, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹1,93,362 |
| S‑HNI (Min) | 14 | 518 | ₹2,08,236 |
| S‑HNI (Max) | 67 | 2,479 | ₹9,96,558 |
| B‑HNI (Min) | 68 | 2,516 | ₹10,11,432 |
Values at cap price ₹402 per share for standard lot multiples.
Lenskart Solutions Ltd., established in 2008, is a technology-focused eyewear company engaged in design, manufacturing, branding and retail of prescription eyeglasses, sunglasses, contact lenses and accessories. It operates under a direct-to-consumer model and posted the highest volume of prescription eyeglasses sold in India in FY 2025.
Its portfolio covers own brands and sub-brands for all age and price segments and launched 105 new collections and collaborations in FY 2025. As of March 31, 2025, Lenskart operated 2,723 stores globally—2,067 in India (1,757 owned, 310 franchised), 656 overseas, and offered remote eye testing via 136 optometrists at 168 stores in India, Japan, and Thailand.
Manufacturing is centralized in Bhiwadi and Gurugram, supported by regional facilities in Singapore and the UAE, enabling next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for eligible eyewear models. Apps have over 100 million downloads and the tech team numbers 532 members.
- Centralized supply chain and in-house manufacturing expertise
- Technology-led retail experience and owned eyewear brand portfolio
- Multi-channel and global distribution network
- Customer-centric product pipeline and fast delivery logistics
- Consistent multi-year revenue and EBITDA growth
FY2023–FY2025 and Q1 FY2026 (₹ crore)
| Assets | Total Income | PAT | EBITDA | Net Worth | Reserves | Total Borrowings |
|---|---|---|---|---|---|---|
| 10,471.02 (FY25) | 7,009.28 | 297.34 | 971.06 | 6,108.30 | 5,795.00 | 345.94 |
| 9,531.02 (FY24) | 5,609.87 | -10.15 | 672.09 | 5,642.38 | 5,466.50 | 497.15 |
| 9,528.28 (FY23) | 3,927.97 | -63.76 | 259.71 | 5,444.48 | 5,411.96 | 917.21 |
| 10,845.68 (Q1 FY26) | 1,946.10 | 61.17 | 336.63 | 6,176.87 | 5,855.43 | 335.48 |
Figures reflect Q1 FY26 and restated FY23–FY25 for rapid reference.
| Promoters | Peyush Bansal; Neha Bansal; Amit Chaudhary; Sumeet Kapahi |
|---|---|
| Promoter Holding (Pre) | 19.85% |
| Promoter Holding (Post) | 17.52% |
Post-offer shareholding reflects equity dilution due to fresh issue and OFS per RHP.