Lenskart IPO 2025: Price Band, GMP, Listing Date, and Complete Investment Guide

Lenskart IPO 2025 has become one of the most awaited public issues of the year. The homegrown eyewear brand, founded by Peyush Bansal, is finally ready to make its grand entry into the Indian stock market. Over the past decade, Lenskart has completely changed how Indians buy eyeglasses — offering trendy, affordable, and accessible eyewear both online and offline.

Now, the company plans to raise ₹7,278 crore through its initial public offering (IPO), which includes a fresh issue of ₹2,150 crore and an offer for sale (OFS) worth ₹5,128 crore by existing shareholders. The price band for the IPO has been fixed between ₹382 and ₹402 per share, and the issue will remain open for investors from October 31 to November 4, 2025.

The market buzz is strong — the Grey Market Premium (GMP) is hovering between ₹70 and ₹75 per share, indicating possible listing gains of around 18%. But should investors consider it for quick profit, or is it worth holding for the long term? Let’s find out.

 Lenskart IPO 2025: Issue Size and Structure:

Lenskart Solutions Ltd aims to raise a total of ₹7,278 crore through its IPO. The issue is split into two main components:

• Fresh Issue: ₹2,150 crore — these funds will be used by the company for expansion, new store launches, and debt repayment.
• Offer for Sale (OFS): ₹5,128 crore — existing investors and promoters will sell part of their stake to the public.

This structure allows Lenskart to raise capital for growth while also offering liquidity to its early investors.

 Price Band, Lot Size, and Minimum Investment :

Lenskart has set a price band of ₹382–₹402 per share.
For retail investors, the lot size is 37 shares, meaning one has to invest at least ₹14,874 to apply for one lot.

• Minimum Investment (Retail): ₹14,874
• Listing Exchanges: NSE and BSE

This setup makes the IPO accessible for small and medium investors while ensuring wide participation from institutional players.

 Lenskart IPO 2025: Important Dates: 

Event                                                                                           Date
IPO Opens                                                                              October 31, 2025
IPO Closes                                                                              November 4, 2025
Allotment Date                                                                       November 6, 2025
Refund & Demat Credit                                                        November 7, 2025
Listing Date (Expected)                                                        November 10, 2025

Investors are advised to track these dates carefully, as allotment and refund timelines are crucial for smooth participation.

Lenskart IPO GMP (Grey Market Premium) and Expected Listing Price

The Grey Market Premium (GMP) for Lenskart IPO, as of October 31, 2025, ranges between ₹70 and ₹75. This means that shares may list around ₹472–₹477, implying a 15%–18% premium over the issue price.

If these numbers hold, investors could make a profit of ₹2,000–₹2,700 per lot on the day of listing.

However, it’s important to remember that GMP is unofficial and speculative. It reflects market sentiment and can change quickly depending on demand, global cues, and overall investor confidence.

 

Offer for Sale (OFS): Who Is Selling Their Shares?

Under the OFS portion, several existing shareholders, including promoters and early investors, will sell part of their stake.

Key participants in the OFS include:

• Peyush Bansal (Founder)
• Neha Bansal
• Amit Chaudhary
• Sumeet Kapahi

Additionally, large institutional investors like Schroders Capital Private Equity Asia, Kedara Capital Fund II LLP, Alpha Wave Ventures LP, and MacRitchie Investments Pvt Ltd will also reduce their holdings.

While this move won’t affect Lenskart’s operations, it provides an opportunity for early backers to book profits and rebalance their portfolios.

 Strong Demand from Anchor Investors:

Lenskart received a phenomenal response from anchor investors ahead of the IPO. According to reports, the company attracted bids worth ₹68,000 crore, which is around 20 times more than the anchor portion offered.

This overwhelming demand from large institutional players shows strong faith in Lenskart’s business model and future growth potential.

 

Lenskart’s Unique Business Model: The Power of Omni-Channel:

Lenskart stands out because of its omni-channel strategy, which blends online convenience with offline experience.

Customers can browse and order products via the Lenskart app or website, or visit one of its 2,000+ physical stores across India for personalized fittings, eye tests, and expert advice.

This hybrid model allows Lenskart to reach urban as well as semi-urban markets efficiently, offering customers flexibility and trust — two crucial factors in the eyewear business.

Beyond India, Lenskart has also expanded to Singapore, the Middle East, and South Asia, serving over 20 million customers worldwide.

 Financial Growth and Performance:

Over the past few years, Lenskart’s financial performance has improved significantly.

The company’s EBITDA margin has grown from 7% in FY2023 to 14.7% in FY2025.

Its revenues have surged, backed by strong sales in both online and offline segments.

Lenskart’s valuation now stands close to ₹70,000 crore, placing it among India’s most valuable consumer-tech startups.

This growth has been supported by innovative marketing, affordable pricing, and consistent customer engagement through digital platforms and physical stores.

 Analysts and Brokerage Recommendations:

Several brokerage firms have shared their views on the Lenskart IPO 2025:

1. Choice Broking – Subscribe for Long Term

Choice Broking recommends subscribing for long-term gains, citing Lenskart’s strong brand recall and dominant position in India’s eyewear industry. However, they caution that the valuation is on the higher side.

2. SBI Securities – Positive Outlook

SBI Securities has a positive stance on the IPO, emphasizing the company’s growing profitability, solid margins, and international expansion plans. They believe Lenskart could deliver strong returns for patient investors.

3. ICICI Direct – Neutral with Growth Bias

ICICI Direct suggests cautious optimism, highlighting that while Lenskart’s business fundamentals are strong, investors should not ignore global competition and margin pressures.

 Expert Opinion: Should You Invest in Lenskart IPO 2025?

Market expert Siddharth Maurya commented:

“Lenskart’s IPO reflects the rise of India’s consumer-tech sector. The company’s omni-channel strategy and steady growth make it a solid long-term story, but investors should be mindful of its premium valuation and global competition.”

In short, long-term investors who believe in the Indian consumption story may find Lenskart a strong bet, while short-term traders can focus on potential listing gains.

 Lead Managers and Registrar:

Book Running Lead Managers:

• Kotak Mahindra Capital
• Morgan Stanley India
• Avendus Capital
• Axis Capital
• Citigroup Global Markets India
• Intensive Fiscal Services

Registrar:

• MUFG Intime India Pvt. Ltd.

These top-tier institutions handling the IPO show that it has strong backing and efficient management at every stage.

 Key Benefits and Risks for Investors:

 Advantages:

• Rapidly expanding eyewear market in India.
• Strong brand recognition and loyal customer base.
• Rising profitability and improved EBITDA margins.
• Omni-channel presence offering online and offline growth.
• International footprint in multiple countries.

 Risks:

• High valuation, leaving limited margin of safety.
• Intense competition from both Indian and global players.
• Operational risks from international expansion.
• Dependence on consumer spending trends.
• Investors should weigh these factors carefully before making their decision.

Disclaimer:
The information provided in this article about Lenskart IPO 2025 is for educational and informational purposes only. All details such as price band, GMP, issue dates, and expert opinions are based on publicly available sources and market analysis. Investors are advised to conduct their own research or consult a certified financial advisor before making any investment decisions. Stock market investments are subject to market risks — invest wisely and according to your financial goals.

 Final Verdict: Is Lenskart IPO Worth It?

Lenskart’s IPO marks a new chapter in India’s digital retail and consumer-tech evolution. The company has built a strong foundation, combining technology, customer service, and innovative marketing to dominate the eyewear industry.

With its strong brand presence, consistent financial growth, and focus on expanding globally, Lenskart is poised for a bright future. However, the premium valuation may be a concern for risk-averse investors.

If you are looking for short-term listing gains, the current GMP trend looks promising. For long-term investors, Lenskart offers an opportunity to participate in the growth of a proven, profitable, and innovative brand that continues to redefine India’s eyewear industry.

 

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