Outlook Business Desk
Lenskart Solutions Limited’s initial public offering (IPO) has opened in the Indian primary market today, 31 October, and will stay open for bidding until 4 November 2025.
Lenskart has set the IPO price band between ₹382 and ₹402 per share. The tech-driven eyewear company’s issue will be listed on both BSE and NSE exchanges.
The company plans to raise ₹7,278.02 crore through this IPO, including ₹2,150 crore from fresh shares and ₹5,128.02 crore via the offer for sale segment.
Ahead of the subscription, Lenskart’s shares traded at a ₹48 premium in the grey market today hinting at a possible 12% listing gain for early investors.
Analysts estimate Lenskart’s valuation near ₹70,000 crore. Despite rapid growth, thin margins and high customer acquisition costs raise questions about its long-term profitability.
Each IPO lot includes 37 shares. MUFG Intime India Private Limited is the registrar, while lead managers include Kotak Mahindra Capital, Morgan Stanley and Axis Capital.
Share allotment is expected on 6 November 2025, followed by the company’s stock listing on 10 November 2025 across both Indian exchanges.
Marwadi Financial Services gave a ‘Subscribe with Caution’ rating, citing high valuation. It expects sustained growth will be necessary to justify Lenskart’s premium pricing.
Ventura Securities marked it a ‘Buy’, noting revenue surged to ₹6,652.5 crore in FY25 and profits rose to ₹295.6 crore, reflecting improved operational efficiency and performance, as reported by Mint.