Lenskart IPO Opens October 31: All Eyes On the Eyewear Giant
Get ready to see some action in the markets, literally!
Eyewear major Lenskart Solutions Ltd is gearing up to launch its much-awaited IPO on October 31, aiming to raise over ₹7,200 crore from the primary market. The offer will stay open for subscription till November 4, giving investors a chance to grab a piece of India’s most popular glasses brand.
Known for revolutionizing how India buys specs, Lenskart isn’t just leading the country’s eyewear space, it’s also among Asia’s top two organized retailers of prescription glasses by B2C sales volume. With its trendy designs, quick delivery, and omnichannel presence, Lenskart has turned eyewear into a lifestyle statement.
Now, with this IPO, the Peyush Bansal-led company is inviting the public to join its growth journey, and maybe, to look a little sharper while doing it!
Lenskart IPO: IPO Price Band And Structure
The Lenskart IPO price band has been fixed at ₹382–₹402 per share. At the upper end, the company aims to raise ₹7,278.02 crore, comprising:
- A fresh issue of 5.35 crore shares worth ₹2,150 crore
- An offer-for-sale (OFS) of 12.76 crore shares totaling ₹5,128.02 crore
The equity shares will be listed on both BSE and NSE, with the tentative listing date set for November 10, 2025.
Lenskart IPO: Lead Managers And Registrar
- Book Running Lead Managers:
- Axis Capital
- Kotak Mahindra Financial
- Morgan Stanley India
- Avendus Capital
- Citigroup Global
- Intensive Fiscal
- Registrar:
- MUFG Intime India Pvt. Ltd.
Lenskart IPO Grey Market Premium (GMP) Today
- GMP (Grey Market Premium): ₹70 per share
- Grey Market Price: ₹472 per share (₹402 + ₹70)
- Premium Over Issue Price: 17.41%
- Sentiment: Strong investor demand ahead of IPO opening
Lenskart IPO Review: Expert Opinions
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Valuation Metrics:
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FY25 EV/Sales: 10.1x
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FY25 EV/EBITDA: 68.7x (based on post-issue capital)
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SBI Securities’ View:
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Valuation: Appears stretched, so listing gains may be limited.
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Business Model: Strong fundamentals and well-positioned in the fast-growing Indian eyewear market.
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Profitability Outlook: Expected to improve steadily as the business scales over the medium to long term.
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(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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