Explore this comprehensive guide to Lenskart Solutions IPO, including detailed company background, IPO specifics, timeline, reservation details, restated consolidated financials, key performance indicators (KPIs), pros & cons, FAQs, and more.
Table of Contents
- About Lenskart Solutions Ltd.
- Lenskart Solutions IPO Details
- Lenskart Solutions IPO Timeline (Tentative Schedule)
- Lenskart Solutions IPO Lot Size
- Reservation System
- Promoter Holding
- Investor Categories
- Lenskart Solutions IPO Financial Information (Restated Consolidated)
- Lenskart Solutions IPO Key Performance Indicators (KPI)
- Objects of the Issue
- Advantages & Disadvantages of Lenskart Solutions IPO
- Contact Details
- IPO Registrar
- FAQs
- Conclusion
About Lenskart Solutions Ltd.
Lenskart Solutions Ltd. stands as India’s largest eyewear retailer by volume, known for tech-enabled omnichannel operations and strong digital presence. Operating over 2,700 stores across India and in select international markets (Singapore, UAE, Japan), Lenskart leverages proprietary designs and production, ensuring quality and swift delivery.
- Tech-driven supply chain
- 105+ unique eyewear collections launched in FY25
- 100 million+ app downloads showcase digital reach
Lenskart Solutions IPO Details
| Attribute | Data |
|---|---|
| IPO Bidding Dates | Oct 31, 2025 – Nov 4, 2025 |
| Total Issue Size | ₹7,278 crore |
| Fresh Issue | ₹2,150 crore |
| Offer for Sale | ₹5,128 crore |
| Price Band (Regular/HNI) | ₹382 – ₹402 |
| Price Band (Employee) | ₹363 – ₹383 |
| Minimum Lot Size | 37 shares |
| Minimum Investment | ₹14,134 |
The IPO is a book-built issue, listed on BSE and NSE.
Lenskart Solutions IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| Issue Open | Oct 31, 2025 |
| Issue Close | Nov 4, 2025 |
| UPI Mandate Deadline | Nov 4, 2025 |
| Allotment Finalization | Nov 6, 2025 |
| Refund Initiation | Nov 7, 2025 |
| Demat Credit | Nov 7, 2025 |
| Listing Date | Nov 10, 2025 |
| Anchor Lock-In (50%) | Dec 6, 2025 |
| Anchor Lock-In (100%) | Feb 4, 2026 |
Dates are subject to SEBI and company updates.
Lenskart Solutions IPO Lot Size
| Category | Lot Size | Investment (Min) |
|---|---|---|
| Retail | 37 | ₹14,134 |
| Employee | 37 | ₹13,431 |
Application must be in multiples of 37 shares. Allocation is based on a lottery for oversubscribed segments.
Reservation System
| Investor Category | Reservation (%) | Details |
|---|---|---|
| Qualified Institutional Buyers | 50 | Proportionate basis |
| Retail Individual Investors | 35 | Lottery if oversubscribed |
| Non-Institutional (HNI/NII) | 15 | Proportionate basis |
| Employees | Reserved Lot | Discounted price band, special quota |
Anchor investors receive shares with a mandatory lock-in period.
Promoter Holding
| Promoter (Name) | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Peyush Bansal | 19.85 | 17.52 |
| Neha Bansal | 19.85 | 17.52 |
| Amit Chaudhary | 19.85 | 17.52 |
| Sumeet Kapahi | 19.85 | 17.52 |
Promoter holding decreases post-issue due to offer for sale.
Investor Categories
- Retail Investors: Maximum application up to ₹2 lakh, lottery for allocation if oversubscribed.
- Employees: Special discount, reserved shares.
- HNI/NII: Applications above ₹2 lakh, allocation is proportionate.
- Anchor Investors: Shares allotted before public, subject to lock-in.
Lenskart Solutions IPO Financial Information (Restated Consolidated)
The restated consolidated financials as disclosed:
| FY End | Assets (₹ Cr) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|
| Jun 30, 25 | 10,845.68 | 1,946.10 | 61.17 | 6,176.87 | 335.48 |
| Mar 31, 25 | 10,471.02 | 7,009.28 | 297.34 | 6,108.30 | 345.94 |
| Mar 31, 24 | 9,531.02 | 5,609.87 | -10.15 | 5,642.38 | 497.15 |
| Mar 31, 23 | 9,528.28 | 3,927.97 | -63.76 | 5,444.48 | 917.21 |
- Noticeable improvement in revenue and profit from loss in FY23 to profit in FY25.
- Debt has reduced from FY23 to FY25, indicating improved financial discipline.
Key Performance Indicators (KPI)
| KPI | Data |
|---|---|
| Market Cap (estimated) | ₹69,726.83 Cr |
| P/E Ratio | 227.27 |
| Promoter Holding (Pre-Issue) | 19.85% |
| Promoter Holding (Post-Issue) | 17.52% |
| Revenue YoY Growth | 22.6% |
| Stores (FY25) | 2,723 |
| App Downloads | 100 million+ |
Strong growth in key numbers but high P/E ratio implies stretched valuation. Investors should carefully review the risk/reward dynamics.
Objects of the Issue
| Purpose | Amount (₹ Cr) | % Allocation |
|---|---|---|
| New CoCo stores set-up | 272.62 | 12.68 |
| Lease/license/rent payment for CoCo stores | 591.44 | 27.51 |
| Technology & Cloud Infrastructure | 213.38 | 9.93 |
| Brand Marketing & Promotion | 320.06 | 14.89 |
| Inorganic Acquisition & General Corporate Purposes | As determined | Remaining |
The significant allocation to expansion and tech indicates a growth-focused strategy.
Advantages & Disadvantages of Lenskart Solutions IPO
Advantages
- Largest eyewear retailer in India by volume.
- Omnichannel network boosts customer access.
- Fast-growing revenues and moderate debt profile.
- Strong proprietary supply chain and design.
- International business offers future growth optionality.
Disadvantages
- Historical losses; only recently profitable.
- High competitive intensity from offline and online rivals.
- Market cap valuations are stretched (high P/E ratio).
- International business is nascent; revenue is mainly Indian.
- Success reliant on scaling stores, tech, and brand efficiently.
| Pros | Cons |
|---|---|
| Market leadership | Past losses |
| Tech-driven supply chain | High competition |
| Significant revenue growth | Dependence on India |
| Strong brand portfolio | Expensive valuation (P/E 227.27) |
Essential Investment Resources
For more insight into why investors sometimes lose money or fail in the stock market—and how to avoid common mistakes—check these essential guides:
Contact Details
Lenskart Solutions Ltd.
Plot No. 151, Okhla Industrial Estate, Phase III, Delhi, New Delhi – 110020
Tel: +91 124 429 3191
Email: compliance.officer@lenskart.com
IPO Registrar
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Check Allotment Status
FAQs
When does the Lenskart Solutions IPO open and close?
Opens October 31, 2025; closes November 4, 2025.
What is the minimum investment and lot size?
One lot consists of 37 shares—minimum investment is ₹14,134.
Is there an employee reservation?
Yes, with a discounted price band for employees.
How to check IPO allotment?
Visit the registrar site or exchange platform after November 6, 2025.
What are the promoter holdings?
Pre-issue: 19.85%; post-issue: 17.52%.
Where can I find more investment tips and mistakes to avoid?
Refer to guides on investing mistakes and investor failures linked above.
Conclusion
The Lenskart Solutions IPO offers exposure to the market leader in India’s eyewear retail sector—a company with strong digital presence, operational efficiencies, and expansion ambitions. While recent financials show the transition to profitability and revenue growth, high competition, business concentration in India, and premium valuations add to the investment risk. Prospective investors should analyze the objects of the issue, scrutinize KPIs, and consider their investment goals, possibly reviewing strategies to avoid common market mistakes using linked resources.
