How to check allotment on the BSE website
Visit the official BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx
Select “Equity” under issue type.
Choose “Lenskart Solutions” from the dropdown menu.
Enter your application number and PAN details.How to check on the registrar’s website (MUFG Intime India)Go to the MUFG Intime India IPO portal: https://www.linkintime.co.in
Click on IPO allotment status.
Select Lenskart Solutions Ltd from the dropdown.
Choose any one of the following options — PAN, Application Number, or DP/Client ID.
Enter the required details and submit to see your allotment result.
If you receive shares, they will be credited to your Demat account by November 7, while refunds for non-allottees will be processed on the same day. The stock is scheduled to list on NSE and BSE on November 10.
IPO subscription and investor response
The Rs 7,278 crore IPO — a mix of fresh issue of Rs 2,150 crore and an offer for sale worth Rs 5,128 crore — witnessed strong demand across investor categories. The Qualified Institutional Buyers (QIB) category led the way with 40.36 times subscription, followed by non-institutional investors at 18.2 times, and retail investors bid for 7.56 times more shares.
The retail category received 13.66 crore bids against 1.80 crore shares reserved, indicating robust interest despite concerns over the company’s expensive valuation.
GMP and listing outlook
According to market trackers, the Lenskart IPO GMP stands around Rs 41 per share, implying a listing premium of 10% over the issue price of Rs 402. However, volatility could continue depending on broader market trends and post-listing sentiment toward new-age consumer tech stocks.
Analysts say the strong response highlights confidence in Lenskart’s brand and growth potential, even though the valuations appear stretched. At the upper price band, the company commands a market capitalization of around Rs 70,000 crore, translating to a P/E of 235x its FY25 earnings.
Founded by Peyush Bansal, Lenskart has evolved from an online eyewear seller into a full-fledged omnichannel brand with 2,700+ stores across India and overseas. It reported Rs 6,652 crore revenue and Rs 297 crore profit in FY25, aided by a one-time accounting gain from its Owndays acquisition. Adjusted for that, analysts estimate normalized profit near Rs 130 crore, putting its net margin below 2%.
The IPO proceeds will be used for store expansion, technology upgrades, brand marketing, and cloud infrastructure investment.
With strong anchor participation of Rs 3,268 crore and an oversubscription of over 28 times, all eyes are now on the November 10 listing. Analysts expect a moderate debut, potentially with single-digit listing gains, given that valuations are already rich. But for long-term investors, the focus will be on whether Lenskart can turn its eyewear dominance into durable, profitable growth.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)