Introduction: The Hype Around Lenskart IPO
The long-awaited Lenskart Solutions Limited IPO has become one of the most talked-about public issues in 2025. Known for revolutionizing the eyewear industry in India, Lenskart’s IPO generated immense excitement among retail investors, institutional buyers, and global venture funds alike.
Priced between ₹382 and ₹402 per share, this book-built issue captured massive investor attention due to its strong brand recognition, rapid growth in omnichannel retail, and robust financial performance.
The allotment process for the Lenskart IPO is being finalized on Thursday, November 6, 2025, with investors eager to know whether they’ve secured a piece of India’s leading eyewear retail brand.
In this detailed coverage, we provide live updates, GMP trends, allotment status steps, listing expectations, and a deep dive into Lenskart’s IPO performance, investor response, and market outlook.
Lenskart IPO Snapshot: Key Details at a Glance
| IPO Feature | Details |
|---|---|
| Company Name | Lenskart Solutions Limited |
| IPO Type | Book Built Issue |
| Price Band | ₹382 – ₹402 per share |
| Issue Size | ₹7,278.02 crore |
| Fresh Issue | ₹2,150 crore |
| Offer for Sale (OFS) | ₹5,128.02 crore |
| Lot Size | 37 shares per lot |
| Minimum Investment (Retail) | ₹14,874 (for 1 lot) |
| Subscription Dates | Closed earlier this week |
| Allotment Date | November 6, 2025 |
| Listing Date | November 10, 2025 |
| Exchanges | NSE & BSE |
| Registrar | MUFG Intime India Pvt Ltd |
Lenskart IPO Subscription Status: Oversubscription Highlights
The Lenskart IPO witnessed overwhelming demand across all investor categories. According to the National Stock Exchange (NSE) data, the issue was subscribed a whopping 28.26 times overall.
Here’s a breakdown of the investor response:
- Qualified Institutional Buyers (QIBs): 40.35 times
- Non-Institutional Investors (NIIs): 18.23 times
- Retail Individual Investors (RIIs): 7.54 times
This massive subscription reflects strong investor confidence in Lenskart’s long-term business model and market leadership in the eyewear space.
IPO Components: Fresh Issue and Offer for Sale (OFS) Explained
The total issue size of ₹7,278.02 crore was split between:
- Fresh Issue: ₹2,150 crore – The company will use these funds for expansion, technology upgrades, and marketing.
- Offer for Sale (OFS): ₹5,128.02 crore – Existing shareholders and promoters sold part of their stakes.
Promoters and Key Investors Participating in OFS
Prominent promoters and early investors have offloaded partial stakes through the Offer for Sale. The sellers include:
- Peyush Bansal – Co-founder and CEO
- Neha Bansal, Sumeet Kapahi, Amit Chaudhary
- Kedaara Capital Fund II LLP
- PI Opportunities Fund-II
- SVF II Lightbulb (Cayman) Ltd (SoftBank Vision Fund)
- Macritchie Investments Pte Ltd (Temasek Group)
- Schroders Capital Private Equity Asia Mauritius Ltd
- Alpha Wave Ventures LP
This mix of domestic and global investors shows the company’s deep-rooted institutional confidence and its evolution from a startup to a public powerhouse.
Where the IPO Funds Will Be Used
Lenskart has outlined a clear roadmap for utilizing the proceeds from the fresh issue:
- Expansion of Company-Owned (CoCo) Stores across Tier-1 and Tier-2 cities.
- Lease payments for new store openings and property upgrades.
- Technology and Cloud Infrastructure Enhancement for improved customer experience.
- Brand Marketing Initiatives to strengthen its global presence.
- Strategic Acquisitions of emerging eyewear brands and tech platforms.
This strategic allocation positions Lenskart to continue dominating both online and offline markets, expanding its footprint globally.
How to Check Lenskart IPO Allotment Status Online
Investors can check the Lenskart IPO allotment status through three official platforms — MUFG Intime India (Registrar), NSE, and BSE.
1. MUFG Intime India Portal
- Visit the MUFG Intime India IPO portal
- Select “Lenskart Solutions Limited” from the dropdown list
- Enter any of the following:
- PAN number
- Application number
- DP/Client ID
- Account No/IFSC
- Click on “Submit” to view your allotment result
2. National Stock Exchange (NSE)
- Go to the NSE IPO Bid Verification page
- Select “LENSKART” under Equity & SME IPO
- Enter your PAN number and application ID
- Verify the captcha and click Search
3. Bombay Stock Exchange (BSE)
- Visit the BSE Allotment Status page
- Select Equity and choose “Lenskart Solutions Limited”
- Enter your PAN number or Application ID
- Click Search to see your status
Lenskart Listing Date and Market Debut
The Lenskart IPO shares are scheduled to list on Monday, November 10, 2025, at 10:00 AM on both NSE and BSE.
Market analysts are expecting a strong listing premium, considering the IPO’s stellar subscription numbers and high grey market activity.
Lenskart IPO Grey Market Premium (GMP) Updates
The Grey Market Premium (GMP) for Lenskart IPO has been a hot topic among investors.
As of November 6, 2025, the Lenskart IPO GMP stands around ₹105–₹115, suggesting that the shares could list at approximately ₹510–₹520 per share, a 25–28% premium over the issue price.
GMP trends have shown consistent growth since the issue opened, indicating strong demand and positive investor sentiment.
Latest GMP Trend Chart (Unofficial Market Estimates)
| Date | GMP (Approx.) | Expected Listing Price (₹) | Premium % |
|---|---|---|---|
| Nov 1, 2025 | ₹85 | ₹487 | 22% |
| Nov 3, 2025 | ₹95 | ₹497 | 24% |
| Nov 5, 2025 | ₹110 | ₹512 | 27% |
| Nov 6, 2025 | ₹115 | ₹520 | 28% |
Disclaimer: GMP is based on unofficial sources and may vary; investors should consider it as an indicative measure, not a guaranteed outcome.
Analyst Insights: Should You Invest in Lenskart After Listing?
Lenskart’s business model combines online innovation with offline scalability, making it one of the most successful omnichannel retail startups in India.
Here’s what analysts are saying:
- Motilal Oswal: Lenskart’s diversified distribution and tech-driven retail model give it a strong edge in the eyewear industry.
- ICICI Direct: The company’s focus on affordable eyewear and repeat customer base drives predictable growth.
- HDFC Securities: Lenskart’s valuation is justified by its consistent revenue growth and market dominance.
However, analysts also caution that competition in the eyewear segment and international expansion costs could impact short-term profitability.
Company Overview: Lenskart’s Growth Journey
Founded in 2010 by Peyush Bansal, Lenskart began as a small online eyewear startup and transformed into India’s largest omni-channel eyewear retailer.
Key Milestones
- 2010: Launch of Lenskart.com as India’s first online eyewear platform
- 2014: Expansion into offline retail stores
- 2018: Reached over 500 retail outlets
- 2022: Entered international markets (UAE, Singapore)
- 2024: Became a unicorn valued over $5 billion
- 2025: Launched IPO with massive investor demand
Lenskart now operates more than 2,500 retail stores globally, with over 50 million customers and a strong digital presence.
Financial Performance Snapshot (FY 2024–25)
| Financial Metric | FY 2023–24 | FY 2024–25 (Estimated) |
|---|---|---|
| Revenue | ₹2,180 crore | ₹3,450 crore |
| EBITDA | ₹390 crore | ₹610 crore |
| Net Profit | ₹125 crore | ₹295 crore |
| EBITDA Margin | 17.9% | 18.5% |
| Debt-to-Equity Ratio | 0.42 | 0.36 |
This consistent financial growth underscores Lenskart’s ability to scale profitably while maintaining operational efficiency.
Lenskart’s Competitive Edge
Lenskart’s success is driven by several unique strengths:
- Omnichannel Presence: Integrated online and offline sales platforms.
- In-House Manufacturing: Reduces costs and improves margins.
- Cutting-Edge Technology: AI-driven eye tests, 3D Try-On features, and personalized shopping.
- Customer Loyalty: Strong repeat purchase rates and brand trust.
- Global Expansion: Entry into Southeast Asian and Middle Eastern markets.
Post-Listing Expectations and Market Outlook
Market experts predict that Lenskart shares will perform well post-listing due to high demand and solid fundamentals.
If the current GMP sustains, Lenskart could achieve a market capitalization exceeding ₹45,000 crore shortly after listing.
Investors are advised to hold their shares for long-term gains, considering Lenskart’s growth potential and expanding international footprint.
Risk Factors to Consider
While the outlook is positive, investors should be mindful of:
- Rising competition from Titan Eye+, Specsmakers, and online players.
- Foreign exchange volatility impacting global operations.
- High advertising and expansion costs in new regions.
- Dependence on technology for customer engagement and sales.
Final Verdict: Lenskart IPO – A Visionary Investment Opportunity
The Lenskart IPO symbolizes more than a financial event; it represents India’s growing startup ecosystem’s maturity. Backed by strong fundamentals, visionary leadership, and a global brand appeal, Lenskart stands as a promising investment in the consumer retail sector.
With its impressive subscription figures, strong GMP, and proven market strategy, Lenskart is poised for a successful debut on November 10, 2025.
Frequently Asked Questions (FAQs)
1. When will the Lenskart IPO allotment be finalized?
The allotment will be finalized on Thursday, November 6, 2025.
2. How can I check my allotment status online?
You can check via MUFG Intime India, NSE, or BSE using your PAN, application number, or DP ID.
3. What is the Lenskart IPO listing date?
Lenskart will list on the NSE and BSE on Monday, November 10, 2025.
4. What is the Lenskart IPO GMP today?
The latest GMP stands around ₹110–₹115, indicating a possible 25–28% listing premium.
5. Should investors hold Lenskart shares after listing?
Yes, analysts suggest holding for long-term growth given the company’s expansion strategy and market potential.
Conclusion: Eyes on the Future
The Lenskart IPO has already created ripples across the Indian capital markets. With its massive oversubscription, strong fundamentals, and innovation-driven business model, Lenskart’s listing is expected to be one of the biggest success stories of 2025.
