IPO AND MARKET NEWS
Lenskart Solutions Limited IPO Opens On 31st October 2025 Price Band Set At Rs. 382- 402 Per Share
Lenskart Solutions Limited IPO Opens On 31st October 2025
Mr. Peyush Bansal, Co-Founder & CEO, Lenskart Solutions Limited addressing the audience at Lenskart Solutions Limited’s press conference to announce their Initial Public Offering.
· Price Band fixed at Rs. 382 per equity share of face value Rs.2 each to Rs. 402 per equity share of the face value of ₹2 each (“Equity Shares”) of Lenskart Solutions Limited (the “Company”)
- · Anchor Investor Bidding Date – Thursday, October 30, 2025
- · Bid /Offer Opening Date – Friday, October 31, 2025, and Bid/ Offer Closing Date –Tuesday, November 04, 2025
- · Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter
- · Red Herring Prospectus (“RHP”) link: https://static.lenskart.com/media/desktop/corporate/LenskartSolutionsLimited-RHP_signed.pdf
- MUMBAI, (RMN/ MRUNALI 📞+91 8850212023) – Eyewear retailer Lenskart Solutions Limited will launch its initial public offering on Friday October 31, 2025, aiming to raise Rs. 7,278 crore through a combination of fresh equity and an offer for sale. The three-day subscription window will close on November 4, with shares expected to list on BSE and NSE on November 10.
The IPO comprises a fresh issue of Rs. 2,150 crore and an offer for sale of 13.22 crore shares. The price band has been set at Rs. 382-402 per share, with a minimum application size of 37 shares and in multiples thereafter. Qualified institutional buyers have been allocated 75 per cent of the issue, while retail investors can subscribe to 10 per cent. Eligible employees will receive a Rs. 19 discount per share.
Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will offload shares alongside investors including SoftBank’s SVF II Lightbulb, Kedaara Capital, and KKR’s MacRitchie Investments. Founder Peyush Bansal, who holds a 10.3 per cent stake, is set to sell 2.05 crore shares, potentially earning over Rs.785 crore at the upper price band.while Neha Bansal expects to gain Rs 39.85 crore. Amit Chaudhary (up to 2,868,457 equity shares) and Sumeet Kapahi (up to 2,868,457 equity shares) will also sell smaller amounts of their holdings.
DMart founder Radhakishan Damani invested approximately Rs. 90 crore in Lenskart during a pre-IPO funding round, signaling confidence in the company’s growth trajectory.
Among the significant investors, SoftBank’s SVF II Lightbulb (Cayman) Ltd is set to divest as many as 2.55 million shares, with additional selling stakeholders including Kedaara Capital Fund II LLP, PI Opportunities Fund II (ChrysCapital), MacRitchie Investments (KKR), Alpha Wave Ventures, Schroders Capital, and TR Capital.
Lenskart plans to utilize the proceeds from the Rs.2,150-crore fresh issue in five main areas.: Rs.273 crore for setting up new company-owned stores, Rs.591 crore for lease and rental payments, Rs. 213 crore for technology and cloud infrastructure, and Rs.320 crore for brand marketing. The remaining funds will support potential acquisitions and general corporate purposes.
Lenskart Solutions Limited reported strong financial performance in FY25, posting revenues of Rs.7,009 crore and a profit of Rs.297 crore, compared to a Rs.10 crore loss in FY24. In Q1FY26, revenue grew 24.6 per cent year-on-year to Rs.1,894 crore with a profit of Rs 61 crore.
Lenskart is one of the largest omni-channel eyewear retailers in India, offering a wide range of fashionable and budget-friendly prescription glasses, sunglasses, and contact lenses through its online platform and extensive network of physical stores.Founded in 2008, Lenskart began as an online eyewear service in 2010 and opened its first physical store in New Delhi in 2013. Over the years, it has evolved into one of the prominent consumer brands within the country’s eyewear industry.The company expanded into Southeast Asia and the Middle East, serving approximately one crore customers.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Intensive Fiscal Services Private Limited are the Book Running Lead Managers (“BRLMs”) to the issue.
