eyepio

Lenskart Solutions IPO

Lenskart Solutions Limited · Eyewear / Retail

ListedMainboardNSEBSEBook built
Price band
₹382–402per share
Issue size
₹7,278.02 Cr18,10,63,669 shares
Face value
₹2per equity share
Lot size
37 sharesMin. ₹14,874 at the upper price
  1. Anchor bidding
    Thu, 2025
  2. Opens
    Fri, 2025
  3. Closes
    Tue, 2025

Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.

Issue details

Issue type
Book built, fresh issue and offer for sale
Fresh issue
5,35,01,096 shares (₹2,150 Cr)
Offer for sale
12,75,62,573 shares (₹5,128.02 Cr)
Total issue
18,10,63,669 shares (₹7,278.02 Cr)
Face value
₹2
Listing at
NSE, BSE
Promoter holding
19.68% → 17.50%

Source: ProspectusUpdated

Reservation

Share of the total issue
  • Anchor44.9%
  • QIB ex-anchor29.9%
  • NII15.0%
  • Retail10.0%
  • Employees0.2%
CategorySharesOf net offerStated in RHP
Retail individual investors1,80,67,2029.98%10%
Non-institutional investors (NII)2,71,00,80314.97%15%
Qualified institutional buyers (QIB)13,55,04,02074.84%75%
QIB, excluding anchor5,42,01,60829.94%—
Anchor investors8,13,02,41244.90%—
Employees3,91,6440.22%—

Source: ProspectusUpdated

Lot size

Amounts at ₹402 per share
CategoryLotsSharesAmount
Retail individual investors137₹14,874

Source: ProspectusUpdated

Special quotas

Employees
₹19 discount per share

Source: ProspectusUpdated

Subscription

Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.

Valuation

FY 2024-25, pre-issue
EPS (basic)
₹1.77
EPS (diluted)
₹1.76
P/E (FY 2024-25 basic at upper band)
227.12×
RoNW
4.84%
NAV per share (At the Offer Price)
₹48
NAV per share (As on June 30, 2025)
₹36.74
EBITDA margin
14.60%
ROCE
13.84%

Source: ProspectusUpdated

Financials

Consolidated, restated · ₹ crore
RevenueProfit after tax
Period ended30 Jun 20253 months31 Mar 2025FY 2024-2530 Jun 20243 months31 Mar 2024FY 2023-2431 Mar 2023FY 2022-23
Revenue from operations1,894.466,652.521,520.435,427.703,788.03
Total income1,946.107,009.281,563.755,609.873,927.97
EBITDA377.891,327.82226.74854.26399.66
Profit after tax61.17297.34-10.96-10.15-63.76
Net worth6,176.876,108.305,794.925,642.385,444.48
Reserves and surplus—5,777.30—5,466.915,441.28
Total assets10,845.6810,471.029,705.649,531.029,528.28
Total borrowing335.48345.94378.34497.15917.21

FY 2024-25 vs FY 2023-24: revenue +22.6%, profit after tax +3028.3%. Periods shorter than 12 months are shown as reported and are not annualised.

Source: ProspectusUpdated

About the company

The company designs, manufactures, brands and retails eyewear, mainly prescription eyeglasses and sunglasses, through its own brands and sub-brands. It sells through stores, websites and mobile apps in India and several international markets, supported by manufacturing facilities in India and regional facilities abroad.

Incorporated
2008
Industry
Eyewear / Retail
CIN
U33100DL2008PLC178355

Source: ProspectusUpdated

Promoters and shareholders

NameTypeBefore issueAfter issueShares offered
Peyush BansalPromoter10.28%8.78%2,04,88,978
Neha BansalPromoter7.46%7.17%10,10,546
Amit ChaudharyPromoter0.98%0.79%28,68,457
Sumeet KapahiPromoter0.96%0.76%28,68,457
SVF II Lightbulb (Cayman) LimitedSelling shareholder15.03%13.10%2,55,18,098
PI Opportunities Fund - IISelling shareholder5.13%4.47%87,01,817
MacRitchie Investments Pte. Ltd.Selling shareholder4.86%4.26%78,58,841
Alpha Wave Ventures LPSelling shareholder3.93%3.42%66,64,179
Kedaara Capital Fund II LLPSelling shareholder1.97%1.49%73,60,340
Schroders Capital Private Equity Asia Mauritius LimitedSelling shareholder1.13%0.00%1,90,64,344

Source: ProspectusUpdated

Objects of the issue

₹ crore
PurposeAmount
Capital expenditure for setting up new company-operated stores in India272.62
Lease, rent and licence payments for company-operated stores in India591.44
Investment in technology and cloud infrastructure213.38
Brand marketing and business promotion320.06
Unidentified inorganic acquisitions and general corporate purposes683.13

Source: ProspectusUpdated

Strengths and risks

Our summary of what the offer document states

Strengths

  • Vertically integrated model covering design, manufacturing, branding and retail of eyewear.
  • Large omnichannel network of 2,806 stores as of June 30, 2025 across India and international markets.
  • Revenue from operations grew at a 32.52% CAGR between FY2023 and FY2025.
  • Centralised manufacturing in India supports scale and affordable pricing.
  • Company states it is the only vertically integrated retailer with a centralised supply chain among leading large organised eyewear retailers.

Risks

  • Raw material costs form a large share of expenses and supply disruptions or price changes could hurt margins.
  • Dependence on manufacturing and imports linked to the People's Republic of China, including a joint venture there.
  • Under-utilisation of manufacturing capacity at some facilities could affect results.
  • Pending regulatory matters, including an FEMA enforcement information request and tax and customs disputes.
  • Plans for store expansion and new facilities depend on execution and may face delays or cost overruns.

Source: ProspectusUpdated

Contacts

Lead manager
Kotak Mahindra Capital Company Limited
SEBI INM000008704
Lead manager
Avendus Capital Private Limited
SEBI INM000011021
Lead manager
Axis Capital Limited
SEBI INM000012029
Lead manager
Intensive Fiscal Services Private Limited
SEBI INM000011112
Company
Lenskart Solutions Limited
compliance.officer@lenskart.com
+91 124 429 3191

Source: ProspectusUpdated

Allotment status

Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.

Source: ProspectusUpdated

After listing

Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.

Frequently asked questions

When does the Lenskart Solutions IPO open and close?

According to the Prospectus, the issue opens on Friday, 31 October 2025 and closes on Tuesday, 4 November 2025.

What is the Lenskart Solutions IPO price band?

The price band is ₹382–402 per share, with a face value of ₹2.

What is the lot size of the Lenskart Solutions IPO?

One lot is 37 shares, which is ₹14,874 at ₹402 per share.

Where will Lenskart Solutions shares list?

On NSE and BSE.

Who is the registrar of the issue?

MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.

How do I check the Lenskart Solutions IPO allotment status?

Search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.

How will the money raised be used?

₹272.62 Cr for capital expenditure for setting up new company-operated stores in India, ₹591.44 Cr for lease, rent and licence payments for company-operated stores in India, ₹213.38 Cr for investment in technology and cloud infrastructure, ₹320.06 Cr for brand marketing and business promotion, ₹683.13 Cr for unidentified inorganic acquisitions and general corporate purposes.

Spotted something wrong?

Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.