Lenskart IPO 2025: Subscription Status, GMP, Price Band, and Expert Analysis

Nov 4, 2025

Lenskart IPO 2025 India’s leading eyewear brand Lenskart Solutions Ltd is making headlines with its much-awaited Lenskart IPO 2025, one of the most talked-about public issues of the year. The ₹7,278 crore IPO has captured strong investor attention, marking a significant milestone in India’s rapidly growing retail and lifestyle segment.

As the IPO closes today, investors are keenly tracking its subscription status, Grey Market Premium (GMP), and expert recommendations before making their final call. Here’s a complete breakdown of everything you need to know about the Lenskart IPO, including company background, financial performance, objectives, and what analysts are saying about its long-term potential.

Lenskart IPO 2025 Overview:

Lenskart’s public issue opened for subscription on November 1, 2025, and will close today, November 4, 2025. The IPO comprises two components — a fresh issue worth ₹2,150 crore and an Offer for Sale (OFS) of around 12.75 crore shares by existing promoters and investors.

The price band for the IPO is fixed between ₹425 and ₹450 per share, with a lot size of 33 shares. The company aims to raise funds primarily to fuel its expansion plans, strengthen its offline presence, and support global growth.

IPO Details at a Glance :

Particulars Details

IPO Size   ₹7,278 crore
Price Band ₹425 – ₹450 per share
Face Value   ₹1 per share
Issue Type Book Built Issue
Lot Size 33 shares
Listing On BSE, NSE
IPO Open Date November 1, 2025
IPO Close Date November 4, 2025
Allotment Date (Tentative)   November 7, 2025
Listing Date (Tentative) November 11, 2025

Subscription Status (Day 2 Update)

As per data till Day 2, the IPO received a strong response from investors across all categories. Here’s a look at the subscription figures:

Qualified Institutional Buyers (QIBs): 1.64 times
Non-Institutional Investors (NIIs): 1.89 times
Retail Individual Investors (RIIs): 3.33 times
Employee Category: 2.62 times
Overall Subscription: 2.02 times

The strong retail participation reflects investor confidence in Lenskart’s long-term growth potential and its dominant position in India’s eyewear market.

Lenskart IPO GMP (Grey Market Premium) Today:

According to market observers, the Lenskart IPO GMP (Grey Market Premium) is hovering around ₹55–₹60 per share today. This indicates a potential listing gain of about 12–14% based on the upper price band of ₹450.

While the GMP is not an official indicator, it often reflects investor sentiment and expected demand ahead of listing. A stable premium suggests optimism about the company’s valuation and market position.

About Lenskart: Company Background and Growth Journey:

Founded in 2008 by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart began as an online eyewear platform and has since transformed into India’s largest omnichannel eyewear retailer.

The company launched its first physical store in New Delhi in 2013 and has rapidly expanded across tier-1 and tier-2 cities. Today, Lenskart operates 2,500+ stores globally, with a presence in Southeast Asia, the Middle East, and the United States.

Over the years, Lenskart has successfully integrated technology into its retail model — offering 3D try-on tools, home eye-checkups, and AI-driven frame recommendations, making it a pioneer in the Indian eyewear industry.

Use of IPO Proceeds:

Lenskart plans to utilize the funds raised through this IPO to support its strategic expansion and capital expenditure. The main areas of investment include:

Establishing new company-owned, company-operated (CoCo) stores across India.
Funding lease, rent, and licensing expenses for new outlets.
Enhancing technology infrastructure to improve the customer experience.
Strengthening its supply chain and manufacturing capabilities.

A portion of the proceeds will also be used for working capital requirements and general corporate purposes, ensuring smoother operations and long-term scalability.

Promoters and Key Investors Participating in OFS:

Several promoters and investors are offloading part of their stake through the Offer for Sale (OFS).
The list includes:

Peyush Bansal (Co-founder & CEO)
Neha Bansal
Amit Chaudhary
Sumeet Kapahi

Alongside these, major institutional investors such as SoftBank’s SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund-II, Macritchie Investments Pte Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP are also participating in the share sale.

Lenskart’s Market Position and Financial Highlights:

Lenskart operates in a high-growth market that remains under-penetrated in India. According to industry estimates, only ~10% of India’s population uses prescription eyewear, highlighting a massive untapped opportunity.

Key Financial Highlights:

Revenue Growth: Consistent double-digit revenue growth over the past three years.
Profitability: Although margins have been under pressure due to expansion costs, analysts expect profitability to improve as operations scale.
Global Expansion: The company is aggressively expanding its overseas footprint, particularly in Singapore, UAE, and Saudi Arabia, diversifying its revenue base.

Analyst Views on Lenskart IPO:

Brokerage firms and market experts have shown strong optimism toward the Lenskart IPO.

According to SBICAP Securities,

“Lenskart is well-positioned to benefit from India’s rapidly expanding yet under-penetrated eyewear market. The company’s robust business model, brand visibility, and consistent innovation give it a strong competitive edge. Profitability is expected to strengthen as operations scale up.”

Experts believe that Lenskart’s asset-light model, focus on technology, and direct-to-consumer (D2C) strategy provide long-term growth visibility. Moreover, its loyal customer base and recurring demand pattern add to its business stability.

IPO Valuation and Risks :

While analysts are positive about the company’s growth prospects, they also caution about certain risks:

Pros:

Dominant brand presence in India’s organized eyewear market
Scalable business model with global potential
Growing digital ecosystem and customer engagement
Strong investor backing and professional management

Cons:

Intense competition from unorganized players and online platforms
Thin margins due to expansion and marketing expenses
Dependence on discretionary spending patterns
Execution risks in global markets

Still, experts note that with a large addressable market and technology-led differentiation, Lenskart has the potential to deliver long-term returns.

Listing Expectations :

Given the steady GMP trend and strong subscription numbers, analysts expect Lenskart shares to make a positive debut on the stock exchanges. The estimated listing price could be around ₹500–₹510, offering a healthy premium to early investors.

If broader market conditions remain stable, Lenskart could become one of the top-performing IPOs of 2025 in the retail sector.

Should You Subscribe to Lenskart IPO?

Investors with a long-term perspective can consider subscribing to the Lenskart IPO. The company’s strong brand recall, diversified business model, and technology integration make it a standout player in India’s consumer retail segment.

Short-term investors can also expect listing gains, given the robust demand and positive market sentiment. However, one should remain mindful of the company’s current profitability phase and long-term execution strategy.

Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.

Final Verdict :

The Lenskart IPO 2025 stands as a landmark offering in India’s consumer retail space, showcasing how a homegrown startup has evolved into a global brand. With a clear vision, tech-driven model, and expansion-focused approach, Lenskart is set to redefine how India perceives eyewear retail.

For investors looking to participate in India’s growing lifestyle and retail story, this IPO offers an exciting opportunity — both as a growth story and a value-driven investment.

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