India’s largest eyewear retailer, Lenskart Solutions Ltd, is gearing up for its much-awaited IPO. Backed by SoftBank, this offering is expected to be one of the most talked-about public listings of 2025.
Lenskart IPO Price Band and Issue Size
The company has set the IPO price band at ₹382 to ₹402 per share. Based on this range, Lenskart aims to raise around ₹2,150 crore. At the upper end of the pricing, the company’s valuation is estimated to be around ₹69,500 crore, according to Reuters.
IPO Subscription Dates and Lot Size
The IPO will open on 31 October (Friday) and close on 4 November (Tuesday).
Investors can bid for a minimum of one lot containing 37 shares, costing ₹14,874 at the upper price band.
Retail investors can apply for up to 13 lots (481 shares), amounting to approximately ₹1,93,362.
Lenskart IPO GMP (Grey Market Premium)
The Grey Market Premium indicates strong enthusiasm.
As of 27 October morning, Lenskart shares were trading at a ₹120 premium, nearly 30% above the upper price band.
This suggests positive sentiment and expectations of a strong listing.
IPO Allotment, Listing, and Registrar Details
| Event | Date |
|---|---|
| IPO Opening | 31 October 2025 |
| IPO Closing | 4 November 2025 |
| Allotment Finalisation | 6 November 2025 |
| Listing Date | 10 November 2025 |
| Registrar | MUFG Intime India Pvt Ltd |
Lenskart shares will be listed on both BSE and NSE on 10 November 2025 at 10 AM.
Lenskart’s Business Model and Investor Base
Lenskart was founded in 2008 by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi.
The first physical store opened in Delhi in 2013. Since then, the company has expanded across metro cities, Tier-1 and Tier-2 markets in India, and into Southeast Asia and the Middle East.
In the pre-IPO round, DMart founder Radhakishan Damani invested nearly ₹90 crore, adding further confidence to Lenskart’s growth story.
Offer for Sale (OFS) Details
Along with the fresh issue, several promoters and investors will sell 13.22 crore shares through the OFS.
These include:
- Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi
- SVF II Lightbulb (Cayman) Ltd
- Schroders Capital Private Equity Asia Mauritius Ltd
- PI Opportunities Fund II
- Kedaara Capital Fund II LLP
- Alpha Wave Ventures LP
Conclusion
The Lenskart IPO is set to become another major milestone for India’s startup ecosystem. Its strong brand presence, growing retail footprint, and international expansion make it an attractive proposition for many investors.
However, like every IPO, risks remain. This content is purely educational and not investment advice. Always consult your financial advisor before making investment decisions.
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