Lenskart Solutions Ltd.

LENSKART

Equity

BSE,NSE

Min. Investment

₹ 3,82,000.00

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IPO Details

Bidding Dates

31 Oct 25 - 04 Nov 25

Price Range ₹

382 - 402

Total Equity

₹ 4010.40Cr

Lot Size

37

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

7.53×

Qualified Institutional Buyers

40.35×

Employees

4.96×

Retail Investors

7.53×

Total subscription Rate

28.26×

IPO Timeline

  1. Offer start

    31 Oct 2025

  2. Offer end

    04 Nov 2025

  3. Allotment

    06 Nov 2025

  4. Refund initiation

    07 Nov 2025

  5. Demat transfer

    07 Nov 2025

  6. Listing

    10 Nov 2025

About Company

Lenskart Solutions Ltd., founded in 2008, is India’s leading technology-driven eyewear company engaged in the design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, contact lenses, and related accessories. It primarily operates in India but has expanded globally with a growing international footprint. The company follows a direct-to-consumer (D2C) model, selling eyewear through both online and offline channels. By March 31, 2025, it operated 2,723 stores worldwide, including 2,067 in India and 656 overseas, with a mix of company-owned and franchised stores. Lenskart has leveraged technology across its supply chain, retail, and customer service, offering remote eye testing in select regions and ensuring fast delivery (next-day in 40 cities) through its centralized manufacturing facilities in Bhiwadi and Gurugram. The IPO aims to raise funds primarily for store expansion, technology upgrades, brand marketing, and strategic acquisitions. The proposed market capitalization is ₹69,726.83 crore, with a post-issue P/E ratio of 284.96x, indicating high investor expectations for sustained growth.

Year Founded

19-05-2008

Promotor Details

Peyush Bansal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage19.917.57
Share Capital334519726304795727

Offer to Public

9,97,61,257.00 Cr

Highlights

  • Lenskart is India’s most recognized eyewear brand, commanding leadership in both online and offline optical retailing.
  • End-to-end control from production to delivery ensures quality, efficiency, and cost optimization.
  • Significant investments in AI, cloud infrastructure, and data analytics enhance customer experience and operational scalability.
  • Consistent revenue growth with a strong shift from losses to profitability indicates a maturing and sustainable business model.
  • A well-balanced presence across e-commerce, app, and physical stores, both domestic and international, provides diversification and resilience.

Challenges

  • The post-IPO P/E of nearly 285x suggests the stock is priced aggressively, leaving limited room for error in execution.
  • Despite overseas expansion, a major portion of revenue still comes from India, exposing it to domestic economic fluctuations.
  • Faces competition from both organized players (Titan Eye+, Specsmakers) and unorganized local opticians, which can impact pricing and margins.
  • Opening new company-owned stores (CoCo) requires significant investment and may affect near-term profitability.
  • Despite strong EBITDA growth, profit margins remain moderate due to marketing costs, rent, and technology investments.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202236,999.90301.57-315.78-315.78-0.309
202128,017.04289.37-2,639.32-2,639.32-13.6223
202394,622.39325.23-1,078.17-1,023.11-1.3386
202494,865.641,823.76-101.54-174.61-0.2265
20251,03,895.513,214.34-637.57-679.85-0.8895