IPO Details
Bidding Dates
31 Oct 25 - 04 Nov 25
Price Range ₹
382 - 402
Total Equity
₹ 0.00 Cr
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
Offer start
31 Oct 2025
Offer end
04 Nov 2025
Allotment
06 Nov 2025
Refund initiation
07 Nov 2025
Demat transfer
07 Nov 2025
Listing
10 Nov 2025
Offer start
31 Oct 2025
Offer end
04 Nov 2025
Allotment
06 Nov 2025
Refund initiation
07 Nov 2025
Demat transfer
07 Nov 2025
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
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 1,03,895.51 | 3,214.34 | -637.57 | -679.85 | -0.8895 |
| 2024 | 94,865.64 | 1,823.76 | -637.57 | -679.85 | -0.8895 |
| 2023 | 94,622.39 | 325.23 | -637.57 | -679.85 | -0.8895 |
| 2022 | 36,999.90 | 301.57 | -101.54 | -174.61 | -0.2265 |
| 2021 | 28,017.04 | 289.37 | -1,14,25,30,430.00 | -1,14,25,30,430.00 | -4.728 |
