The bidding window for the IPO will remain open for three days and close on Tuesday, November 4. The company has set a price range 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 business growth and provide an exit option for early investors.
Backed by billionaire Radhakishan Damani, Lenskart’s IPO is one of the most anticipated of the year in India’s fast-growing consumer technology sector. The anchor investor allocation is scheduled for Thursday, October 30. The lot size is set at 37 shares and bids can then be made in multiples.
Lenskart Solutions IPO GMP today:
From October 27, 2025, Lenskart Solutions’ IPO will trade at a gray market premium (GMP) of Rs 75. Considering the IPO price range of Rs 402 per share, this premium suggests that the stock could trade at around Rs 477 in the market. This represents an estimated potential gain of approximately 18.66% per share compared to the issue price.
(Note: The gray market premium reflects investor sentiment prior to the official listing and is not an official or guaranteed indicator of the actual listing price.)
Size of the Lenskart IPO problem
This IPO follows a pre-IPO investment of Rs 90 crore from DMart founder RK Damani, reflecting strong investor confidence in Lenskart’s growth prospects. Lenskart’s current investor base includes prominent names like SoftBank, Temasek, Kedaara Capital and Alpha Wave Ventures.
With this offering, Lenskart’s IPO will become the fourth largest public offering of 2025 after Tata Capital, HDB Financial Services and LG Electronics, underscoring its importance in the market.
Lenskart IPO: Important dates to know
The Lenskart Solutions IPO will open for public subscription on October 31, 2025 and close on November 4, 2025. The provisional allotment of shares is expected on Thursday, November 6, 2025, while the provisional listing date on the stock exchanges is set for Monday, November 10, 2025.
Share allocation and employee discount
According to the prospectus, at least 75% of the net IPO is 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 over 2,500 stores across India, the Middle East and Southeast Asia. The vertically integrated model, which includes design, manufacturing and retail, has helped the company maintain affordability, protect margins and scale quickly.
In FY25, Lenskart posted a net profit of Rs 297 crore, a significant turnaround from a loss of Rs 10 crore in FY24, on a revenue of Rs 6,625 crore, registering 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) involves the sale of shares 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 proceeds from the IPO to expand the company’s retail stores (CoCo model), cover lease and rental obligations, strengthen cloud infrastructure, fund marketing initiatives and pursue potential acquisitions.
Outlook: rising demand and high valuations
Analysts expect the Indian eyewear market to grow significantly in the coming years, driven by increasing screen time, urban lifestyles and greater eye care awareness. A recent report from Jefferies states that Lenskart is positioned to benefit from “rising vision challenges, deeper market penetration and expansion of health insurance coverage through employers and government programs.”
Lenskart’s IPO is expected to attract strong institutional interest, with multiple reports suggesting that the company is targeting a valuation of around Rs 70,000 crore, implying a price-to-earnings ratio of over 200x based on FY25 earnings.
#Lenskart #IPO #Issue #opens #October #GMP #listing #gain #Important #details