The allocation of shares for Lenskart Solutions Ltd’s IPO will be determined today for investors who subscribed to the offering. Despite concerns from analysts regarding its high valuation, the eyewear company experienced strong demand from various investor groups.
Lenskart’s IPO, which was open for subscription from October 31 to November 4, garnered significant investor interest, achieving an overall subscription rate of 28.27 times. Data from stock exchanges revealed that the IPO was oversubscribed by 7.56 times in the retail category, 40.36 times in the Qualified Institutional Buyers (QIB) category, and 18.23 times in the Non-Institutional Investors (NII) category.
The company offered 9,97,42,748 shares and received bids for 2,81,93,62,630 shares, totaling approximately Rs 1,13,338.38 crore. The price band for the IPO ranged between Rs 382 and Rs 402 per share, with a target of raising Rs 7,278.02 crore through a mix of fresh issue and offer for sale (OFS).
Investors who applied for the Lenskart IPO can check their allotment status through the BSE website or the registrar’s portal, MUFG Intime India Private Limited. Refunds will be processed for unsuccessful bidders, while those allocated shares will have them credited to their demat accounts.
Despite strong demand for the IPO, the grey market premium (GMP) for Lenskart has seen a significant decline recently, standing at Rs 45 as of November 6, 2025. Market experts attribute this drop to cautious trading sentiments due to high valuations and market volatility.
The IPO, valued at Rs 7,278.02 crore, comprises a fresh issue worth Rs 2,150 crore and an offer for sale of Rs 5,128.02 crore by existing shareholders. The lot size was set at 37 shares, requiring a minimum investment of Rs 14,874 for retail investors at the upper price band.
Lenskart Solutions IPO is managed by MUFG Intime India Pvt Ltd as the registrar, with details of the book-running lead manager yet to be disclosed. Shares of Lenskart Solutions Ltd are set to debut on the BSE and NSE on November 10, 2025, with market watchers anticipating a moderate listing performance based on grey market activity.
The listing of Lenskart will mark a significant event in the public markets, introducing a major consumer-tech brand to India’s stock exchanges.