Lenskart IPO
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Lenskart IPO details
Schedule of Lenskart
| Issue open date | 31 Oct 2025 |
| Issue close date | 04 Nov 2025 |
| UPI mandate deadline | 04 Nov 2025 (5 PM) |
| Allotment finalization | 06 Nov 2025 |
| Refund initiation | 07 Nov 2025 |
| Share credit | 07 Nov 2025 |
| Listing date | 10 Nov 2025 |
| Mandate end date | 19 Nov 2025 |
| Lock-in end date for anchor investors (50%) | 06 Dec 2025 |
| Lock-in end date for anchor investors (remaining) | 04 Feb 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Lenskart
Lenskart is a tech-driven eyewear company and India’s largest seller of prescription eyeglasses by volume in FY25. It designs, manufactures, and retails affordable eyewear through a direct-to-consumer model with 2,723 stores across India and international markets. Known for its in-house designs and omnichannel presence, Lenskart owns centralized production facilities enabling quick delivery and quality control. It reported ₹6,652 crore revenue in FY25, up 22.6% YoY.
Financials of Lenskart
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹7278.02 crores |
| Fresh Issue | ₹2150 crores |
| Offer for sale | ₹5128.02 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure towards the set-up of new CoCo stores in India | 272.62 (12.68%) |
| Expenditure for lease/rent/license agreements for the stores | 591.44 (27.51%) |
| Investing in technology and cloud infrastructure | 213.38 (9.93%) |
| Brand marketing and business promotion expenses for enhancing brand awareness | 320.06 (14.89%) |
Strengths
- India’s largest seller of prescription eyeglasses by volume in FY25.
- Own brand portfolio with 105 in-house collections launched in FY25.
- Strong omnichannel network with 2,723 stores and over 100 million app downloads.
- Centralized and tech-enabled supply chain with quick delivery capabilities.
- International presence across Asia, including Singapore, the UAE, and Japan.
Risks
- High dependence on India for revenue; limited international contribution so far.
- Faces intense competition from online and offline eyewear players.
- Incurred losses in FY23 and FY24; profitability depends on scaling.
- Subject to risks related to rapid expansion and supply chain management.
- Relies on continuous tech investment; any disruption may affect operations.
Allotment Status for Lenskart
To check your allotment status – click here.
Subscription Figures for Lenskart
As per media reports (Link), the Grey Market Premium (GMP) of Lenskart is reported at ₹70 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on October 31, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 541.88 | 770.50 | 1.42x |
| NII | 270.98 | 111.57 | 0.41x |
| Retail | 180.65 | 238.73 | 1.32x |
| Employees | 3.92 | 4.32 | 1.1x |
| Total | 997.43 | 1125.11 | 1.13x |