Lenskart Solutions came to market through an IPO that opened on 31 October 2025 and closed on 4 November 2025, and the shares listed on 10 November 2025 on BSE, NSE. The price band was ₹382 to ₹402 per share and one lot was 37 shares, so the minimum application was ₹14,874. The issue size was ₹7278.02 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Kotak Mahindra Capital Co.Ltd, Morgan Stanley India Co.Pvt.Ltd, Avendus Capital Pvt.Ltd, Citigroup Global Markets India Pvt.Ltd, Axis Capital Ltd, Intensive Fiscal Services Pvt.Ltd were the lead managers.
As of 4 November 2025.
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Lenskart Solutions Ltd. was founded in 2008 and is a tech-enabled eyewear firm engaged in the design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, contact lenses, and accessories. Its core market is India, and according to the Redseer Report, FY 2025 was the year in which the highest volume of eyeglasses were sold in India by the company.
The company operates on a direct-to-consumer model, selling a wide variety of eyewear under its own brands and sub-brands to all segments of the population and price points. During FY 2025, 105 new collections were introduced in the market, including co-operations with prominent brands and personalities. As of March 31, 2025, Lenskart had 2,723 stores in the world—2,067 in India and 656 abroad—with 1,757 owned stores and 310 franchised stores in India.
Remote eye examination is available through 136 optometrists across 168 stores in India and select international markets, such as Japan and Thailand. Production is based in Bhiwadi and Gurugram with backing regional facilities in Singapore and the UAE. This arrangement facilitates next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear. The firm reported revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million during FY 2023, 2024, and 2025 respectively, reflecting year-on-year growth consistently.
The firm's apps have received more than 100 million cumulative downloads and have a total of 532 technologists.
As described in the offer document.
| Metric | 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO. The anchor book has been fully subscribed by domestic institutional investors, including leading mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund. It also includes Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset, DSP Mutual Fund, Franklin India, HSBC Mutual Fund, WhiteOak Capital, Edelweiss, Bandhan and Canara Robeco.
There are also insurance companies like SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, Axis Max Life, Reliance Nippon Life Insurance, and Tata AIA Life Insurance.
Global interest was equally strong, with very strong demand from sovereign and long-only foreign institutional investors such as the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global (Norway), New World Fund Inc, Fidelity, T Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington Management Company LLP, among others.
Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi. Promoter holding 19.85% before the issue and 17.52% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Lenskart Solutions IPO was a ₹7,278.02 crore book-built issue, comprising a fresh issue of ₹2,150 crore and an offer for sale of ₹5,128.02 crore. It was priced at ₹382–₹402 per share with a lot size of 37 shares (₹14,874). The IPO was open from October 31 to November 4, 2025 and was subscribed 28.26x. Shares listed on BSE and NSE on November 10, 2025 at ₹395, a 1.7% discount to the issue price of ₹402. MUFG Intime India Pvt. Ltd.
is the registrar. Kotak Mahindra Capital Co. Ltd and 5 other book running lead managers manage the issue.
The price band of Lenskart Solutions IPO is ₹382 to ₹402 per share.
The lot size of Lenskart Solutions IPO is 37 shares.
The minimum investment for Lenskart Solutions IPO is approximately ₹14,874 based on the upper price band.
The allotment date of Lenskart Solutions IPO is Nov 6, 2025.
Lenskart Solutions IPO's final recorded GMP before listing was ₹6 per share (a 1% premium over the ₹402 upper price band). The shares listed at ₹395. GMP is unofficial and does not forecast or guarantee the actual listing price.
Lenskart Solutions IPO listed on Nov 10, 2025. It was issued at ₹395.0(NSE) and is currently around ₹666.80 as on 2-Nov-2026 3:30 PM, which is approximately 65.9% versus issue price. The 52-week high is ₹725.00.
You can check Lenskart Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Lenskart Solutions IPO allotment status on Rupix for quick and easy access.
₹382 to ₹402 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 37 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,874.
₹14,874, for one lot of 37 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 31 October 2025 and closed on 4 November 2025.
The basis of allotment was published on 6 November 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 10 November 2025 on BSE, NSE.
The issue size was ₹7278.02 crore. The fresh issue was 5,34,82,587 shares (aggregating up to ₹2150 crore). The offer for sale was 12,75,62,573 shares (aggregating up to ₹5128.02 crore).