lenskart solutions limited IPO
IPO Overview
Lenskart solutions limited IPO is a Mainboard public issue offered through a Book Building issue with a total issue size of ₹7,278.02 Cr. The IPO price band is set at ₹382 to ₹402 per share, and retail investors can apply with a minimum investment of ₹14.9K as per IPO guidelines.
The Lenskart solutions limited IPO opens on 31 Oct 2025 and closes on 4 Nov 2025. The IPO allotment is expected to be finalized on 6 Nov 2025, and the equity shares are proposed to be listed on BSE, NSE on 10 Nov 2025.
Investors can refer to the Lenskart solutions limited IPO RHP-DRHP for detailed information. The issue is managed by Kotak Mahindra Capital Co.Ltd.,Morgan Stanley India Co.Pvt.Ltd.,Avendus Capital Pvt.Ltd.,Citigroup Global Markets India Pvt.Ltd.,Axis Capital Ltd.,Intensive Fiscal Services Pvt.Ltd. as the book running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
Operating under a direct-to-consumer model, the company offers a broad range of eyewear under its own brands and sub-brands, catering to all age groups and price segments. In FY 2025, 105 new collections were launched, including collaborations with well-known brands and personalities.
As of March 31, 2025, Lenskart operated 2,723 stores globally—2,067 in India and 656 overseas—with 1,757 owned and 310 franchised stores in India. Remote eye testing is offered through 136 optometrists at 168 stores across India and select international locations, including Japan and Thailand.
Manufacturing is centralized in Bhiwadi and Gurugram, supported by regional facilities in Singapore and the UAE. This setup enables next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.
The company posted revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million in FY 2023, 2024, and 2025 respectively, showing consistent year-on-year growth. Its apps have over 100 million cumulative downloads, with a tech team of 532 members.
Key strengths include:
Centralized supply chain and in-house manufacturing
In-house frame and lens engineering
Direct-to-consumer approach
Customer-centric product design
Owned eyewear brand portfolio
Technology-led operations and retail experience
Omnichannel retail presence
Multi-year revenue and EBITDA growth trajectory
Investment Objective
Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India
Investing in technology and cloud infrastructure
Brand marketing and business promotion expenses for enhancing brand awareness
Unidentified inorganic acquisitions and general corporate purposes