India’s leading eyewear retailer Lenskart Solutions Ltd is heading to Dalal Street with one of the most anticipated public issues of 2025. Backed by marquee investors such as SoftBank and Temasek, the company aims to raise fresh funds to expand its omnichannel retail network and technology capabilities.
Below is a full breakdown of Lenskart IPO 2025 dates, price band, valuation, key risks, and whether investors should consider subscribing — brought to you by Grow More and More, your trusted source for IPO and stock market insights.
Key Facts at a Glance (dates, price band, issue size)
- IPO Open Date: October 31, 2025
- IPO Close Date: November 4, 2025
- Price Band: ₹382 – ₹402 per share
- Issue Size: ₹7,278 crore (Fresh issue ₹2,150 crore + OFS ₹5,128 crore)
- Expected Listing Date: November 10, 2025
- Valuation Estimate: ₹69,500 – ₹70,000 crore (≈ US$8 billion)
- Lot Size: Yet to be confirmed (expected 35–40 shares per lot)
Lenskart IPO 2025 Structure: Fresh Issue vs Offer for Sale
The Lenskart IPO combines a fresh issue worth ₹2,150 crore with a large Offer for Sale (OFS) component of ₹5,128 crore. The OFS will allow early investors and promoters to partially exit, while the fresh capital raised will flow into business expansion and general corporate purposes.
What it means for investors:
A large OFS typically means less fresh capital for the company but higher market liquidity post-listing. The IPO’s success will depend heavily on investor sentiment and valuation comfort.
Business Overview: The Lenskart Model
Founded in 2010 by Peyush Bansal, Lenskart operates a vertically integrated omnichannel model, combining online sales, app-based virtual try-ons, and a fast-expanding retail network of over 2,500 stores across India and Southeast Asia.
The company designs, manufactures, and distributes eyewear — from prescription glasses and contact lenses to sunglasses. Its in-house manufacturing gives it better control over quality, margins, and product innovation.
Recent years have seen aggressive investments in:
- AI-powered tools for eye testing and frame recommendations.
- Expansion in international markets, especially in the Middle East and Southeast Asia.
- Technology infrastructure, including AR try-ons and virtual consultations.
Financial Snapshot — Revenue, Profit, Margins
Lenskart has turned a corner financially. As per the company’s filings and RHP data:
- Revenue (FY25): ~₹5,500 crore (estimated)
- Profit (Q1 FY26): ₹62 crore (versus losses a year earlier)
- EBITDA Margin: Improving steadily with scale and automation.
- Net Worth: Over ₹4,800 crore (post issue, estimated).
The improvement in profitability, driven by operational leverage and higher store productivity, marks a key milestone ahead of listing.
Use of Proceeds
Funds raised through the fresh issue will be used for:
- Setting up new company-owned stores and expanding manufacturing capacity.
- Investing in technology and AI-based product development.
- Repayment of certain borrowings and general corporate purposes.
This aligns with the company’s broader vision to become a global leader in affordable, tech-enabled eyewear.
Growth Drivers — stores, online demand, AI & tech roadmap
1. Expanding Market Opportunity
India’s eyewear market is projected to grow at over 10% CAGR through 2030, driven by rising screen usage, urbanization, and better eye-care awareness. Lenskart, as the market leader, is well-positioned to capture this demand.
2. Omnichannel Reach
Unlike traditional optical chains, Lenskart integrates online ordering with physical stores, enabling customers to browse online, try offline, and vice versa — a key competitive advantage.
3. Technology-Driven Differentiation
Lenskart has been investing heavily in AI, augmented reality, and robotics for manufacturing. Its “3D Try-On” and “Home Eye Test” innovations create stickiness and scalability.
4. International Expansion
The company has entered high-growth regions such as Singapore, UAE, and Indonesia, with plans for Europe and the US. This diversification could cushion domestic market volatility.
Risks and Challenges (valuation, OFS, competition)
1. Premium Valuation
At an estimated ₹70,000 crore valuation, Lenskart’s pricing is at the upper end of the consumer retail spectrum. For context, Titan Company’s eyewear division contributes less than 5% of Titan’s total revenue but trades at a similar price-to-earnings multiple. The market must believe in Lenskart’s long-term growth story to justify such a valuation.
2. Large Offer for Sale (OFS)
With ~70% of the issue being an OFS, early investors such as SoftBank Vision Fund and Kedaara Capital are cashing out a portion of their holdings. While not inherently negative, it may create supply pressure post-listing.
3. Competitive Market
The eyewear space has low entry barriers, with competition from Titan’s Eye+, Specsmakers, and several local chains. Maintaining brand differentiation and customer loyalty will be key.
4. Execution Risk in Global Expansion
International markets come with regulatory, cultural, and logistical challenges. Profitability in those markets may take time to materialize.
Expert View: Should You Invest in the Lenskart IPO?
Short-Term Perspective (Listing Gains)
Grey Market Premium (GMP) trends have shown strong early interest, reportedly indicating a 25–30% expected listing gain. If market sentiment stays positive, traders seeking short-term returns may find the IPO attractive.
Long-Term Perspective (Fundamentals)
For long-term investors, the decision depends on confidence in Lenskart’s:
- Continued profitability trajectory.
- Ability to scale internationally.
- Sustained leadership in India’s premium eyewear market.
While valuations appear rich, the company’s brand equity, customer base, and tech integration offer durable moats if executed well.
Analyst Verdict
Lenskart’s IPO stands out as one of the largest consumer tech listings since Zomato and Nykaa. Unlike those early tech IPOs, Lenskart enters the market with proven profitability and a clear omnichannel model.
That said, investors should weigh the high valuation and large OFS component before subscribing. Conservative investors may prefer to monitor post-listing performance, while growth-oriented investors with a long horizon could consider a selective entry.
For more such IPO analyses and market insights, visit the Grow More and More or contact us to collaborate or share feedback.
Lenskart IPO 2025 Key Dates for Investors
| Event | Date |
|---|---|
| IPO Opens | October 31, 2025 |
| IPO Closes | November 4, 2025 |
| Allotment Finalization | November 8, 2025 |
| Refunds / Demat Credit | November 9, 2025 |
| Listing on BSE/NSE | November 10, 2025 |
(Dates are indicative and may change per official filings.)
How to Apply for the Lenskart IPO 2025
Investors can apply via their broker’s IPO section, UPI-linked bank apps, or directly through ASBA. Check the minimum lot size and confirm the cut-off price during bidding. Retail investors can apply for up to ₹2 lakh worth of shares.
Final Conclusion
The Lenskart IPO 2025 combines growth potential with strong brand visibility and renewed profitability — but comes at a steep valuation. If you’re looking for a long-term play on India’s consumer health and lifestyle boom, Lenskart offers a unique bet on vision care innovation.
Always read the company’s Red Herring Prospectus (RHP) and consult your financial advisor before making an investment decision.
FAQ's about Lenskart IPO 2025
1. When does the Lenskart IPO open and close?
The IPO opens on October 31, 2025, and closes on November 4, 2025.
2. What is the price band for the Lenskart IPO 2025?
The price band is set between ₹382 and ₹402 per share.
3. How much is the Lenskart IPO 2025 issue size?
The total issue size is about ₹7,278 crore, including a fresh issue of ₹2,150 crore.
4. Is Lenskart profitable?
Yes. The company reported a ₹62 crore profit in Q1 FY26, marking its first major turnaround quarter.
5. Should I invest in the Lenskart IPO?
If you’re a long-term investor who believes in India’s eyewear growth story and Lenskart’s tech-led edge, it could be worth considering. Conservative investors may prefer to wait for post-listing price stabilization.
