Lenskart Solutions Ltd. is gearing up to launch its highly anticipated initial public offering (IPO) on October 31, 2025, providing investors with an opportunity to acquire a stake in one of India’s most popular eyewear brands. The subscription for the IPO will close on November 4, 2025, with the anticipated listing on the BSE and NSE scheduled for November 10, 2025.
With a book-built issue valued at Rs 7,278.02 crore, the Lenskart IPO comprises a fresh share issue worth Rs 2,150 crore and a share offer for sale (OFS) valued at Rs 5,128.02 crore. The proceeds from the fresh issue are expected to support business expansion, brand development, and the enhancement of the company’s retail and online presence.
The price range for the IPO is set at Rs 382 to Rs 402 per share. Investors have the option to bid for a minimum of 37 shares, equating to a minimum investment of Rs 14,874 at the upper price level. For high net-worth individuals (HNIs), the small non-institutional investor (sNII) category necessitates an investment of Rs 2,08,236 (equivalent to 14 lots or 518 shares), while the big non-institutional investor (bNII) category requires Rs 10,11,432 (comprising 68 lots or 2,516 shares).
As of October 28, 2025, the current grey market premium (GMP) is at Rs 98. Based on the upper end of the price range (Rs 402), the projected listing price is approximately Rs 500 per share, indicating a potential listing gain of about 24.38%.
The IPO allotment is anticipated to be finalized on November 6, 2025, shortly after the closure of the offering. MUFG Intime India Pvt. Ltd. has been designated as the registrar to the issue, while the book-running lead managers are yet to be disclosed.
Established by Peyush Bansal, Lenskart has emerged as a major player in India’s eyewear market, recognized for its omnichannel approach blending online convenience with offline accessibility. The company has experienced rapid growth in recent years and currently operates not only in various locations across India but also in international markets.