Lenskart IPO Launch — Key Details, GMP, and How to Apply

Lenskart IPO Overview

Lenskart is one of India’s giant omnichannel eyewear retailers, and they operate both online and offline, and have over 2,700 stores in India and abroad not only this, they also have over 25 million customers in India.

The company designs, manufactures, and sells prescription eyeglasses, sunglasses, and contact lenses, and also provides at-home eye tests and virtual try-ons for it’s customers. It reported ₹6,652 crore revenue in FY25, up 22.6% YoY.

Lenskart is set to make its public debut soon. This IPO is a significant event in the consumer-tech space, aimed at giving the company’s aggressive expansion plans and providing an exit for early investors. They are backed by investors like SoftBank and Temasek.

Lenskart IPO Details

Particulars	Details
IPO Opening Date	October 31, 2025
IPO Closing Date	November 4, 2025
Listing Date	November 10, 2025
Face Value	₹2 per equity share
Price Band	₹382 to ₹402 per equity share
Lot Size	37 shares
Total Issue Size	₹7,278 Crore
Fresh Issue	₹2,150 crore
Offer for Sale	₹5,128 crore
Listing Exchange	NSE, BSE
Lead Book Managers	Kotak Mahindra Capital, Morgan Stanley, Citi, Avendus Capital, Axis Capital, Intensive Fiscal.

Issue Structure and Objectives

Fresh Issue (₹2,150 Crore)

This capital will go directly to the company. The proceeds are planned for:

• The capital expenditure is for setting up new Company-owned Company-operated (CoCo) stores in India.
• Payments for lease/rent/license agreements for CoCo stores.
• Investing in technology and cloud infrastructure.

Offer For Sale (OFS) (₹5,128 Crore)

This component allows existing promoters and investors, including SoftBank, Temasek, Kedaara Capital, and founders Peyush Bansal and Neha Bansal, to sell a portion of their stake. The money from the OFS goes to the selling shareholders, not the company.

Financials

Year	Total Assets	Revenue	PAT
March 2024	9531	5609	(10)
March 2025	10,471	7009	297
June 2025	10,845	1946	61

For more details visit to : Zerodha

Why Investors Are Excited About Lenskart IPO

• Dominant Market Position: 30%+ share in India’s organized eyewear market.
• Strong Brand Recall: Endorsed by celebrities and driven by influencer marketing.
• Omnichannel Presence: Seamless integration of online and offline experiences.
• Profitability Trend: Turned profitable with expanding margins.
• Global Growth: Expansion across Southeast Asia and Middle East.

Lenskart IPO GMP (Grey Market Premium)

• Lenskart GMP on Oct 30, 2025 is around ₹48 per share (approx. 12% over the upper price band)
• Recent GMP Range: ₹48–₹120 per share in pre-listing days
• Current GMP suggests a likely 1 0–19% premium on listing, depending on final subscription.​

What GMP means?

• Grey Market Premium (GMP) is a type of unofficial indicator of investors sentiment about an IPO, before it is listed on the stock exchange.
• It tells the premium (or discount) at which the shares of the company are trading in the grey market.
• A high GMP suggests that investors expect the stock to list at a price significantly higher than the IPO price band.

How to Apply for Lenskart IPO

• You can apply using your demat account using apps like Zerodha, Groww, Paytm Money, or Angel One.
• Net Banking (ASBA) through your bank’s IPO section.
• Steps to Apply (Example – Zerodha):
• Log in to Zerodha Console and move to IPO section
• Select Lenskart Solutions IPO
• Enter number of lots and UPI ID
• Approve UPI mandate in your UPI app
• Review details and submit before 5:00 PM on November 4, 2025.
• Wait for allotment status after closure
• Check allotment status online on November 6, 2025; demat share credit/refund by November 7, 2025.

Key IPO Terms Explained

• IPO (Initial Public Offering): The process of a privately held company offering its shares to the public for the first time.
• Red Herring Prospectus (RHP): The draft legal document filed with SEBI that contains all the financial details, risks, and plans of the company going public.
• Price Band: The range within which investors can bid for IPO shares
• Lot Size: The minimum number of shares an investor must bid for (e.g., 37 shares).
• Cut-Off Price: The final price determined by the company after the bidding process. Retail investors usually bid at the cut-off price to maximize their chance of allotment.
• GMP (Grey Market Premium): The unofficial premium at which the stock trades in the informal market before listing.
• OFS (Offer For Sale): Sale by existing shareholders/promoters
• Fresh Issue: New shares issued by the company to raise capital
• Anchor Investors: Institutions who are allotted shares one day before the IPO opens
• QIB (Qualified Institutional Buyer): Large institutional investors like Mutual Funds, Foreign Institutional Investors (FIIs), etc.
• NII (Non-Institutional Investor): High Net-Worth Individuals (HNIs) and other non-retail investors.
• RII (Retail Individual Investor): Individual investors applying for shares worth up to ₹2,00,000.

Final Thoughts

Lenskart’s IPO combines strong brand value, profitability, and market leadership, making it a potential long-term bet in India’s growing eyewear market. However, if you are thinking of making any investment then you should carefully review valuations and financials of the company and then decide what to do. Here, I’m not providing any recommendations for investments, this is just for knowledge purpose.

Read more article like this: Top 5 Upcoming IPOs in India 2025