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Lenskart Solutions IPO
Price Band
₹382.0–402.0
Issue Size
₹7278.02 Cr
Lot Size
37 shares
Min Investment
₹14,874
GMP
+₹10.0 (2.49%)
Issue Price
₹402.0
Subject to Sauda
₹300
Paid only if allotted
Lenskart Solutions IPO AI Summary
- Lenskart Solutions IPO is listed on BSE, NSE in the Speciality Retail sector.
- Price band: ₹382.0–₹402.0 per share, lot size 37 shares (min. investment ₹14,874).
- Subscription window: 31 Oct–04 Nov 2025, listing on 10 Nov 2025.
- Current GMP is +₹10.0 (2.49%), an estimated listing price of ₹412 — unofficial and can change daily.
Lenskart Solutions Ltd. is a technology-focused eyewear company with a strong market presence in India. The company has shown significant revenue growth and has recently turned profitable. The IPO aims to raise funds for expansion and technology investments, with a price band of ₹382 to ₹402.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Lenskart Solutions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 04 Nov 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Lenskart Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹10.0
GMP %
+2.49%
Est. Listing
₹412.0
Updated: 25 Jul 2026 14:15
About the Company
Lenskart Solutions Ltd., established in 2008, is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories. India serves as its primary market, and as per the Redseer Report, the company recorded the highest volume of prescription eyeglasses sold in India during FY 2025. 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
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 10,845.68 | 10,471.02 | 9,531.02 | 9,528.28 |
| Total Income | 1,946.10 | 7,009.28 | 5,609.87 | 3,927.97 |
| Profit After Tax | 61.17 | 297.34 | -10.15 | -63.76 |
| EBITDA | 336.63 | 971.06 | 672.09 | 259.71 |
| NET Worth | 6,176.87 | 6,108.30 | 5,642.38 | 5,444.48 |
| Reserves and Surplus | 5,855.43 | 5,795.00 | 5,466.50 | 5,411.96 |
| Total Borrowing | 335.48 | 345.94 | 497.15 | 917.21 |
Key Ratios
EPS
₹1.77
NAV
₹36.34
ROE
-106%
ROCE
13.84%
RoNW
4.84%
P/B Value
11.03
P/E Ratio
227.27
Market Cap
₹69727.57 Cr
Promoters
Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards set-up of new CoCo stores in India 272.62 2 Expenditure for lease/rent/license agreements related payments for CoCo stores operated by the Company, in India 591.44 3 Investing in technology and cloud infrastructure 213.38 4 Brand marketing and business promotion expenses for enhancing brand awareness 320.06 5 Unidentified inorganic acquisitions and general corporate purposes 683.13 6 Issue Expenses 235.14 Total 2,315.76
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹3,927.97 Cr in FY 2023, rising to ₹5,609.87 Cr in FY 2024, and further increasing to ₹7,009.28 Cr by FY 2025. This demonstrates consistent year-on-year growth in revenue.
Profit Trend
The company reported a loss of ₹63.76 Cr in FY 2023, which improved to a loss of ₹10.15 Cr in FY 2024. By FY 2025, the company turned profitable with a profit of ₹297.34 Cr.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price based on unofficial trading. A positive GMP suggests that investors anticipate a higher listing price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth trajectory and market position before making a decision.
Who May Want to Wait
Investors who prefer stable, established companies with consistent profitability may want to avoid this IPO, especially given its recent history of losses before turning profitable.
IPO Timeline, Explained
The IPO opens for subscription on October 31, 2025, and closes on November 4, 2025. Allotment of shares will be done by November 6, 2025, with the listing date scheduled for November 10, 2025.
Listing Gains — The Risk
Investing in IPOs carries the risk of volatility on the listing day. While some investors may experience gains, others could face losses. It's important to understand that listing gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from Lenskart Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Lenskart Solutions IPO GMP today?
Lenskart Solutions IPO GMP today is +₹10.0 (2.49%), indicating an estimated listing price of ₹412. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Lenskart Solutions IPO?
The price band of Lenskart Solutions IPO is ₹382.0–₹402.0 per share.
When does Lenskart Solutions IPO open and close?
Lenskart Solutions IPO opens on 31 October 2025 and closes on 04 November 2025.
When does Lenskart Solutions IPO list on the stock exchange?
Lenskart Solutions IPO listed on 10 November 2025 at ₹412.0.
What is the lot size for Lenskart Solutions IPO?
The lot size for Lenskart Solutions IPO is 37 shares, requiring a minimum investment of ₹14,874.
What is the lot size for this IPO?
The lot size for Lenskart Solutions IPO is 37 shares.
What is the minimum investment required?
The minimum investment required is ₹14,874.
What is the price band for the IPO?
The price band for the IPO is ₹382 to ₹402.
When is the listing date for the IPO?
The listing date for the IPO is November 10, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
31 Oct 2025
Close
04 Nov 2025
Allotment
06 Nov 2025
Listing
10 Nov 2025
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