The Lenskart IPO continued to draw strong investor interest on its second day of bidding, after being fully subscribed on the opening day. The ₹2,150 crore public issue, open from November 2 to November 4, comprises a fresh issue of shares and an offer for sale (OFS) totaling 12.75 crore equity shares.
Lenskart IPO Price Band and Objective
The IPO price band is fixed at ₹382–₹402 per share, valuing the company at over ₹69,700 crore at the upper end. Proceeds from the fresh issue will be used for:
- Setting up new company-owned, company-operated (CoCo) stores in India,
- Lease and rental payments,
- Technology and cloud infrastructure upgrades,
- Brand marketing and visibility enhancement, and
- Potential strategic acquisitions and general corporate purposes.
Subscription Status (Day 2)
As of November 3, the IPO was subscribed 2.02 times overall, with the following category-wise response:
- Qualified Institutional Buyers (QIB): 1.64x
- Non-Institutional Investors (NII): 1.89x
- Retail Investors: 3.33x
- Employees: 2.62x
Grey Market Premium (GMP)
According to market trackers, Lenskart IPO GMP today stands at ₹85, implying that the shares are trading around ₹487 in the grey market — nearly 21% above the upper price band. This suggests a potentially strong debut on listing day.
Lenskart’s Growth and Financials
Lenskart remains India’s largest and fastest-growing eyewear brand, both in terms of revenue and store expansion.
- Revenue: Rose from ₹3,788 crore in FY23 to ₹6,652 crore in FY25 (CAGR: 28.8%).
- Profitability: Turned profitable in FY25 with a net profit of ₹297.3 crore.
- EBITDA: Increased 44.5% YoY to ₹971 crore, reflecting improved operational efficiency.
The company operates over 1,280 stores, with nearly 81% of CoCo outlets achieving payback within 10 months, demonstrating robust unit economics.
Industry Outlook
India’s eyewear market, valued at US$9.2 billion in FY25, is projected to grow at a 13% CAGR to reach US$17.2 billion by FY30. Key growth drivers include rising screen exposure, fashion-led eyewear demand, and higher disposable income.
Lenskart’s omni-channel model, tech-driven customer experience, and expanding presence across Southeast Asia and the Middle East position it well to capitalize on this trend.
Lenskart IPO Listing Date
Lenskart shares are scheduled to list on the BSE and NSE on November 10, 2025.
Disclaimer
This article is for informational and educational purposes only and does not constitute financial or investment advice. Readers are advised to consult a certified financial advisor before making any investment decisions related to IPOs or stock market instruments.
