Lenskart Solutions Limited is a leading technology-driven eyewear company engaged in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and related accessories. The company follows an omnichannel direct-to-consumer (D2C) model, offering customers a seamless experience across both online and offline platforms.
India remains Lenskart’s primary market, and according to the Redseer Report, it recorded the highest volume of prescription eyeglasses sold in India during FY 2025. The company’s broad product portfolio covers all age groups and price segments, with offerings under its own brands and sub-brands. During FY 2025, 105 new collections were launched, including exclusive collaborations with popular brands and personalities.
As of March 31, 2025, Lenskart operated a total of 2,723 stores worldwide, comprising 2,067 stores in India and 656 stores overseas. Out of these, 1,757 were company-owned and 310 franchised in India. The company also provides remote eye testing services through 136 optometrists across 168 stores, including select international locations such as Japan and Thailand.
Lenskart’s manufacturing and assembly operations are primarily based in Bhiwadi (Rajasthan) and Gurugram (Haryana), supported by additional regional facilities in Singapore and the UAE. This integrated setup enables efficient order fulfillment, offering next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.
The company has demonstrated consistent revenue growth, reporting operating revenues of ₹37,880.28 million in FY 2023, ₹54,277.03 million in FY 2024, and ₹66,525.17 million in FY 2025. Its digital ecosystem continues to strengthen, with over 100 million app downloads and a dedicated technology team of 532 members driving innovation and scalability.
Lenskart Solutions IPO – Details
| IPO Opening Date | 31 October 2025 |
| IPO Closing Date | 04 November 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 18,10,45,160 Shares Worth ₹7,278.02 Crore Fresh Issue: 5,34,82,587 Shares Worth ₹2,150.00 Crore Offer For Sale: 12,75,62,573 Shares Worth ₹5,128.02 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹382 – ₹402 per share |
| Market Lot | 37 Shares |
| Min Order | 37 Shares [ 1 Lot ] |
| Employee Discount | ₹19 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Lenskart Solutions IPO – Date Schedule
| IPO Open Date | 31 October 2025 |
| IPO Close Date | 04 November 2025 |
| Basis of Allotment | 06 November 2025 |
| Initiation of Refund | 07 November 2025 |
| Credit of Shares to Demat Account | 07 November 2025 |
| IPO Listing Date | 10 November 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 04, 2025 |
Lenskart Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,874 |
| Retail (Max) | 13 | 481 | ₹1,93,362 |
| S-HNI (Min) | 14 | 518 | ₹2,08,236 |
| S-HNI (Max) | 67 | 2,479 | ₹9,96,558 |
| B-HNI (Min) | 68 | 2,516 | ₹10,11,432 |
Competitive Strength
- 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 Promoters
- Peyush Bansal
- Neha Bansal
- Amit Chaudhary
- Sumeet Kapahi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹3,927.97 Cr | ₹4,025.07 Cr | –₹63.76 Cr | ₹917.21 Cr |
| 31 March 2024 | ₹5,609.87 Cr | ₹5,549.59 Cr | –₹10.15 Cr | ₹497.15 Cr |
| 31 March 2025 | ₹7,009.28 Cr | ₹6,619.48 Cr | ₹297.34 Cr | ₹345.94 Cr |
| 30 June 2025 | ₹1,946.10 Cr | ₹1,836.58 Cr | ₹61.17 Cr | ₹335.48 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 13.84% |
| RoNW | 4.84% |
| EBITDA Margin | 14.60% |
| Price to Book Value | 11.03 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital expenditure towards set-up of new CoCo stores in India. | ₹272.62 |
| Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India. | ₹591.44 |
| Investing in technology and cloud infrastructure. | ₹213.38 |
| Brand marketing and business promotion expenses for enhancing brand awareness. | ₹320.06 |
| Unidentified inorganic acquisitions and general corporate purposes. | – |
Lenskart Solutions IPO Peer Comparison
- There are currently no listed companies in India or globally that operate under a similar business model.
✅Strengths
- Strong omnichannel presence across online and offline platforms.
- In-house manufacturing ensures quality and cost control.
- High brand recall and customer trust.
- Use of advanced tech like AI and 3D try-on tools.
- Wide product range and international presence.
- Experienced management and scalable franchise model.
⚠️Risks
- Dependence on key suppliers and approvals.
- Intense industry competition.
- Forex and acquisition integration risks.
- Data security and privacy concerns.
- Reliance on key personnel.
- Demand sensitive to economic conditions.
Lenskart Solutions IPO Promoter Holding
| Pre Issue Share Holding | 19.85% |
| Post Issue Share Holding | 17.52% |
Lenskart Solutions IPO Prospectus
Company Contact Information
| Lenskart Solutions Ltd. Plot No. 151, Okhla Industrial Estate Phase III Delhi, New Delhi, 110020 Phone: +91 124 429 3191 Email: compliance.officer@lenskart.co Website: https://www.lenskart.com |
Lenskart Solutions IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: lenskart.ipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Lenskart Solutions IPO Lead Manager(s)
| 1. Axis Capital Limited 2. Avendus Capital Private Limited 3. Intensive Fiscal Services Private Limited 4. Kotak Mahindra Capital Company Limited 5. Citigroup Global Markets India Private Limited 6. Morgan Stanley India Company Private Limited |
Lenskart Solutions IPO FAQs
| What is Lenskart Solutions IPO? Lenskart Solutions IPO is a main-board IPO. The issue is priced at ₹382 to ₹402 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Lenskart Solutions IPO open? The IPO is to open on 31 October 2025 for QIB, NII, and Retail Investors. |
| What is Lenskart Solutions IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is the Lenskart Solutions IPO Size? Lenskart Solutions IPO size is ₹7,278.02 Crore. |
| What is the Lenskart Solutions IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 37 Shares with ₹14,874, while the maximum bid is 481 Shares with ₹1,93,362. |
| What is the Lenskart Solutions IPO Allotment Date? Lenskart Solutions IPO allotment date is 06 November 2025. |
| What is the Lenskart Solutions IPO Listing Date? Lenskart Solutions IPO listing date is 10 November 2025. The IPO is to be listed on BSE and NSE. |
