Lenskart IPO

About Lenskart IPO

Lenskart IPO opens 31 Oct–4 Nov 2025. Issue size ₹7,278.02 Cr with price band ₹382–₹402. The allotment date is 06-Nov-2025. The credit of shares to the Demat account will take place on 07-Nov-2025, while the initiation of refund will also take place on 07-Nov-2025. Listing date of Lenskart IPO is on 10-Nov-2025.

The Lenskart IPO comprises a fresh issue and an offer for sale, aggregating up to ₹7,278.02 crores. The fresh issue aggregates up to ₹2,150 crores and the offer for sale entails the sale of 12,75,62,573 shares, aggregating up to ₹5128.02 crores. It will be a 100% book-built issue. The price band is ₹382-₹402. The IPO opens on 31-Oct-2025 and closes on 04-Nov-2025.

Lenskart Solutions Ltd is an omnichannel eyewear company, with focus on improved access to quality eyewear. Its supply chain is a combination of tech-enabled digital channels and physical presence. Their main products are eye glasses, sun glasses, contact lenses, and other eyewear accessories.

Objectives of Lenskart IPO

The company proposes to utilise the IPO proceeds for:

• Capex towards setting up of new COCO stores
  
• Meeting expenses pertaining to lease rentals, license agreements etc
  
• Investments in the technology stack, including cloud infrastructure
  
• Brand marketing and promotion related expenses
  
• Inorganic acquisitions, as and when such opportunities arise
  

Industry Outlook

As the growth in GDP picks up and results in a rise in disposable income, a bigger share of consumer spending is expected to gravitate towards the organized sector. Eyewear is a space where there is a fairly large unorganized segment and the space for organized place in eyewear is huge. India’s GDP is expected to grow at 6.4% CAGR between 2024 and 2029, while India’s private final consumption expenditure (PFCE) at 60% of GDP, will be next only to the US.

As India’s GDP per capita grows at a rate of around 8-10% between 2024 and 2029, the share of organized retail in India is likely to increase from 21% to 34%, as per Redseer Research. The trend will be towards higher discretionary spends in the organized retail, resulting in bigger wallet share in the eyewear market for the organized players like Lenskart Solutions.

There are also some big trends that signal a bigger shift towards the organized retail sector in India. Higher disposable income is likely to be accompanied by higher consumer awareness of the importance of quality eyewear. Consumers will look for the sweet spot offering quality and economy. Also, the rise of digital penetration will enable companies to scale up with minimal incremental investments.

Lenskart Solutions Company Information

Lenskart Solutions Ltd is a direct to consumer (D2C) company that designs and sells a range of eyewear solutions for customers. The company also designs its frames and lenses, through its in-house design team, giving it much better control over the backward and forward supply chains. While the brands of Lenskart Solutions appeal to a wide range of customers, they are also supposed to be aspirational.

Since the company started officially started business in 2010, it has extensively used the digital and the offline channels to sell its products. For financial year FY2025, Lenskart Solutions a total of 99.40 lakh customer accounts transacted through Lenskart channels, with a total of 229.10 lakh pieces of eyewear sold in this period. The company has 2,137 stores pan-India, of which 1,831 are owned stores, while the remaining 306 stores are franchisees.

The company created its first digital footprint in Singapore in the year 2019. Since then, it has expanded its presence to Southeast Asia, Japan, and the Middle East; also adopting the inorganic route in Japan. For Lenskart Solutions, the biggest challenge facing India is the rising cases of refractive errors in eyesight, something that is not yet fully appreciated. Individuals afflicted with refractive errors in India stood at 43% in 2020 and is likely to rise to 62% by year 2030. While this remains a challenge, the positive tidings for Lenskart Solutions are that organized eyewear is growing 1.6 times faster than unorganized.

Strengths of Lenskart IPO

• The integrated end-to-end model gives Lenskart full control over supply chains
  
• The market that Lenskart addresses in India in particular and Asia in general has a large incidence of refractive problems, making it a big market
  
• Currently, despite being the largest player in eyewear in Lenskart has a market share of under 6%. That leaves substantial headroom for growth
  
• The company is much better poised to keep costs under control with its integrated model.
  
• The omnichannel approach of Lenskart, combining online reach with physical presence, gives Lenskart Solutions substantially higher reach and service coverage
  
• Lenskart stores generated annual revenue per square feet (SFT) of ₹23,492, which is the highest among the organized retailers.
  

Risks of Lenskart IPO

• The availability of quality optometrists may be a risk factor for Lenskart, especially considering the high incidence of refractive eyesight errors
  
• Eyewear is very personal and normally has very high customization requirements. Hence, formula-based scalability may be limited.
  
• There is still an affordability gap between organized and unorganized eyewear and for a price-sensitive market like India, that could restrict growth.
  
• The company does face competition from big names like Titan, GKB, and Bausch and Lomb, and they have the ability to scale up at a rapid pace.
  
• Eyewear is an area where technology is constantly evolving and hence the risk of investments sunk in obsolete technology is fairly high.
  
• Change in government policy and additional safety measures prescribed can be a key risk factor for the company.
  

Anchor Investor Bidding Date

30-Oct-2025

IPO Registrar and Book Running Lead Managers

• IPO Registrar: MUFG Intime India
• Book Running Lead Managers: Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global, Axis Capital, and Intensive Fiscal Services.

Lenskart Solutions Business Model

Lenskart Solutions Ltd has an omnichannel model to manufacture and sell eyewear and eyewear related accessories. It manufactures and retails reading glasses, sun glasses, contact lenses, and other eyewear accessories. It follows a D2C model to reach the consumer and the supply chain from procurement to manufacturing to selling is integrated under Lenskart Solutions.

Lenskart Solutions Growth Trajectory

The net sales of Lenskart Solutions Ltd grew from ₹412.269 crores in FY 23 to ₹639.251 crores in FY 25. Its EBITDA margin grew from 6.86% in FY 23 to 14.60% in FY 25. Domain experience and expertise in handling design complexities in ITSS systems for CNI facilities have helped the company grow over the years.

Lenskart Solutions Market Position

As of March 31, 2025, Lenskart Solutions Ltd is the market leader in the organized eyecare segment in terms of sales volumes and sales volumes among eyecare companies and eyewear divisions of integrated retail companies.

How to Check Allotment Status of Lenskart IPO?

1. Visit the Registrar’s Website

• Visit the website of MUFG Intime India
  
• Choose ‘Public Issues’ from Investor Services dropdown
  
• Choose the name of the company from ‘Select Company’ dropdown
  
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
  
• Click on Submit to check the status
  

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the Lenskart IPO Allotment Status Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO bid verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status.

3. Check on the BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select 'Equity' from the dropdown menu
  
• Choose 'Lenskart Solutions Ltd' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search’ to know allotment status
  

How to Apply for the Lenskart IPO?

To apply for this Lenskart IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.