The bidding window for the IPO will remain open for three days, closing on Tuesday, November 4. The company has set a price band of Rs 382–402 per equity share (each with a face value of Rs 2). Through this public offering, Lenskart aims to raise fresh capital to support its business growth and provide an exit opportunity for early investors.
Backed by billionaire Radhakishan Damani, Lenskart’s IPO is among the most anticipated of the year in India’s fast-growing consumer-tech space. The anchor investor allocation is scheduled for Thursday, October 30. The lot size has been set at 37 equity shares, and bids can be made in multiples thereafter.
Lenskart Solutions IPO GMP Today:
As of October 27, 2025, the Lenskart Solutions IPO is trading at a grey market premium (GMP) of Rs 75. Given the IPO’s price band of Rs 402 per share, this premium suggests that the stock could list at around Rs 477 in the market. This represents an estimated potential gain of about 18.66% per share over the issue price.
(Note: The grey market premium reflects investor sentiment before official listing and is not an official or guaranteed indicator of the actual listing price.)
Lenskart IPO issue size
This IPO follows a Rs 90 crore pre-IPO investment from RK Damani, the founder of DMart, reflecting strong investor confidence in Lenskart’s growth prospects. Lenskart’s current investor roster includes prominent names like SoftBank, Temasek, Kedaara Capital, and Alpha Wave Ventures.
With this offering, Lenskart’s IPO is set to become the fourth-largest public issue of 2025, following Tata Capital, HDB Financial Services, and LG Electronics, underscoring its significance in the market.
Lenskart IPO: Key Dates to Know
The Lenskart Solutions IPO will open for public subscription on October 31, 2025, and close on November 4, 2025. The tentative allotment of shares is expected on Thursday, November 6, 2025, while the tentative listing date on stock exchanges is set for Monday, November 10, 2025.
Share Allocation and Employee Discount
As per the red herring prospectus, at least 75% of the net IPO is earmarked for qualified institutional buyers (QIBs), up to 15% for non-institutional investors (NIIs), and up to 10% for retail investors. Additionally, eligible employees will receive a discount of Rs 19 per share on the IPO price.
Lenskart: A Consumer Brand with Global Ambitions
Founded in 2008 by Peyush Bansal, Lenskart started as an online eyewear platform and has grown into an omnichannel retailer with more than 2,500 stores across India, the Middle East, and Southeast Asia. Its vertically integrated model, covering design, manufacturing, and retail, has helped the company maintain affordability, protect margins, and scale rapidly.
In FY25, Lenskart posted a net profit of Rs 297 crore, a significant turnaround from a loss of Rs 10 crore in FY24, on revenue of Rs 6,625 crore, marking a 22% year-on-year growth. The company attributed this performance to improved cost efficiency, stronger brand engagement, and its technology-driven business model.
Key Shareholders and Use of IPO Funds
The Offer for Sale (OFS) will involve share sales by promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with major institutional investors such as SoftBank Vision Fund II, Temasek’s Macritchie Investments, Schroders Capital, Kedaara Capital, Alpha Wave Ventures, and PI Opportunities Fund.
Lenskart plans to use the IPO proceeds to expand company-owned stores (CoCo model), cover lease and rental obligations, strengthen cloud infrastructure, fund marketing initiatives, and pursue potential acquisitions.
Outlook: Rising demand and high valuation bets
Analysts expect the Indian eyewear market to expand sharply in the coming years, driven by rising screen time, urban lifestyles, and greater vision care awareness. A recent Jefferies report said Lenskart is positioned to benefit from “rising vision issues, deeper market penetration, and expanding health insurance coverage through employers and government programs.”
Lenskart’s IPO is expected to draw strong institutional interest, with multiple reports suggesting the company is targeting a valuation of around Rs 70,000 crore, implying a price-to-earnings multiple of over 200x based on FY25 earnings.