Lenskart Plans ₹7,278 Crore IPO with Subscription Opening Soon

Lenskart Solutions is set to launch its initial public offering (IPO), aiming to raise a substantial ₹7,278.02 crore. The subscription period will open from October 31 to November 4, 2025, with a tentative listing date scheduled for November 10, 2025, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The IPO comprises a fresh issue of 5.35 crore shares, valued at approximately ₹2,150 crore, alongside an offer for sale (OFS) of 12.76 crore shares worth around ₹5,128.02 crore. The price band for the shares has been set between ₹382 and ₹402 per share, with a face value of ₹2. Retail investors can participate by purchasing a minimum of 37 shares, which at the upper price band would cost nearly ₹14,874. Non-institutional investors have higher minimum thresholds, requiring 518 shares for small and medium-sized investors (sNII) and 2,516 shares for large investors (bNII), translating to costs of approximately ₹208,236 and ₹1,011,432, respectively.

Key Details and Allocation

According to Lenskart’s draft prospectus, the allocation of shares will prioritize Qualified Institutional Buyers (QIBs), which will receive 75 percent of the total issue. Retail investors are allocated up to 10 percent, while Non-Institutional Investors (NIIs) will receive 15 percent. Notably, the company has introduced an employee incentive, allowing employees to acquire shares at a discount of ₹19 per share, enhancing the appeal of the internal allocation.

Founded in 2008, Lenskart designs, manufactures, and retails a diverse array of eyewear products, including prescription glasses, sunglasses, and contact lenses, all under a direct-to-consumer model. As of March 31, 2025, the company boasts a global presence with 2,723 stores, including 2,067 in India and 656 overseas in markets such as Japan and Thailand. Of these, 1,757 stores are company-owned, while 310 operate under a franchise model.

Promoter Stake and Future Prospects

Before the IPO, the company’s promoters—Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi—held a collective 19.85 percent stake in Lenskart. Following the IPO, this stake will dilute to 17.52 percent, reflecting the company’s growth trajectory and commitment to expanding its market share.

As Lenskart prepares for this major financial milestone, investor interest will likely be keen, given the company’s robust business model and established market presence. The IPO is expected to contribute significantly to the company’s expansion plans and enhance its operational capabilities in the eyewear industry.