The highly-anticipated Lenskart IPO opens for subscription today, October 31, and it is certainly making waves with investors across India. After years of sustained growth and support as a private company, the tech-focused eyewear company is now ready to embrace being a public company.
Lenskart is seeking to raise approximately ₹7288 crore, making this one of the largest public issues in 2025. The price band is set between ₹382 and ₹402 per share. The offer includes a fresh issue of ₹2,150 crore and an offer-for-sale from existing shareholders.
The issue closes on November 4, and the shares are expected to list on both NSE and BSE on November 10. Retail investors can apply for a minimum lot size of 37 shares — which means roughly ₹14,874 is needed to participate at the upper end of the price band.
📊 Lenskart IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | October 31, 2025 |
| IPO Close Date | November 4, 2025 |
| Allotment Date | November 7, 2025 |
| Refund/Share Credit Date | November 8–9, 2025 |
| Listing Date | November 10, 2025 |
| Price Band | ₹382 – ₹402 per share |
| Face Value | ₹1 per share |
| Lot Size | 37 shares |
| Issue Size | ₹7,278 crore (Approx.) |
| Fresh Issue | ₹2,150 crore |
| Offer for Sale (OFS) | ₹5,128 crore |
| Listing on | NSE & BSE |
| GMP (Approx.) | ₹75 – ₹90 per share |
| Registrar | Link Intime India Pvt Ltd |
Lenskart’s Journey and Business Strength
Lenskart was established in 2010 by Peyush Bansal, originally as an online eyewear retailer. The company quickly gained recognition and is now one of India’s largest omnichannel eyewear players with over 2000 stores across the Indian market, as well as an international presence in Singapore, UAE, and Saudi Arabia. Lenskart employs a hybrid business model that relies upon both e-commerce and brick-and-mortar stores to maintain a competitive edge in the crowded eyewear industry.
As of late 2023, Lenskart has built a reputation for consistently offering low prices, rapid service, and technological innovation driven by customer willingness to embrace improved and personalized eyewear purchasing processes tailored to their preferences, such as virtual try-ons and AI-driven lens fittings.
Lenskart Financial Overview and Valuation of Company
As of FY24, Lenskart’s revenue is tracking to around ₹3000 crore with tightening profit margins. Additionally, Lenskart will always be able to achieve strong cost management of items with its in-house production of eyewear frames and lenses using its well-equipped modern manufacturing facility.
With the steady revenue anticipated, the company’s market value at a current possible value of ₹402 would net Lenskart around ₹69,700 crore on the public market. Investment analysts share that at this valuation the stock is on the high end of a fair market value price point, but total additional soft spot value tied to strong brand of Lenskart and its current and future investor confidence would write the argument off as skimpy valuation relative to classification of future growth.
In addition to Lenskart’s strong revenue position, the company has certainly tethered itself to some of the largest institutional investors in the world for the ecommerce space — SoftBank, Temasek and Abu Dhabi Investment Authority come to mind as those who have placed some skin in the game and secured their investment with stricter company inspections than the average startup.
IPO Structure and Allotment Process
The IPO follows the usual division:
- QIB (Qualified Institutional Buyers): 75%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 10%
Employees get a ₹19 discount per share under the employee quota. The anchor investor portion, which opened on October 30, saw high demand from global funds, signaling early confidence in the IPO.
Share allotment will be finalized on November 7, and refunds or share credits will take place by November 8 or 9. The stock will officially list on November 10, 2025.
Use of IPO Proceeds
Lenskart intends to utilize the funds raised largely for:
- Opening new company-owned retail stores across India
- Funding lease and rental expenses for new storefronts
- Expanding its branding and marketing
- Investing in technological capabilities, including the AI infrastructure
- Potential acquisitions to enhance its visibility on a global scale
Gray Market Activity and Subscription Feedback
Prior to opening, the Grey Market Premium (GMP) was reported to be ₹75–₹90 which indicates demand is good. On Day 1, the IPO attracted good subscriptions from institutional investors, while retail investors were slower to respond as confidence continued to build.
Industry experts suggest that Lenskart’s pricing appears to be fair for a brand that is a dominant player in the eyewear market in India. Short-term listing gains could, however, rely on market sentiment. Long-term investors will find favorable value as the company continues to expand internationally while improving profitability.
Factors for Concern
While Lenskart leads in a meaningful way in the eyewear market, there will be challenges from unorganized market participants and reduction of discretionary consumer spend. High valuation is another risk factor for short-term investors. As Lenskart grows internationally, the management team will be challenged to sustain margins.
Final Thoughts
The Lenskart IPO is a major event for the consumer-tech ecosystem in India. This is much more than an eyewear business going public — there is a significant company showcasing modern Indian startups evolving into global brands.
If you’re looking for long-term growth this IPO could be worth considering. But if you’re chasing quick listing gains, remember that valuations are already rich.
For now, the buzz around Lenskart is real, and all eyes are set on November 10, when the stock finally hits the exchanges. The way it lists will likely set the tone for upcoming tech IPOs in India this year.
(FAQ)
Q1: What is the price band for the Lenskart IPO?
The price band is set between ₹382 and ₹402 per share.
Q2: When does the Lenskart IPO open and close?
The IPO opens on October 31, 2025, and closes on November 4, 2025.
Q3: What is the minimum investment for retail investors?
Retail investors can apply for a minimum of 37 shares which equals about ₹14,874 at the upper price band.
Q4: What is the Grey Market Premium (GMP) for the Lenskart IPO?
The current GMP is around ₹75–₹90 per share.
Q5: When will Lenskart IPO shares be listed?
Shares are expected to list on November 10, 2025, on both NSE and BSE.
Q6: Should you apply for the Lenskart IPO?
If you are a long-term investor, Lenskart offers solid growth potential. However, short-term investors should consider that valuations are already on the higher side.