The Peyush Bansal-backed Lenskart Solutions IPO which was opened on October 31, saw its closure on November 04, 2025 and was priced between ₹382 and ₹402 per share.
The allotment of shares is likely to be finalised on November 06, and the refunds should initiate on November 07 following which allottees should receive shares to their demat accounts. The trading of shares is likely to begin on November 10 on BSE and NSE.
The eyewear retailer is looking to raise ₹7,278 crore. It includes a fresh issue of ₹2,150 crore and also an offer for sale worth ₹5,128 crore. Approximately 75% of the shares have been allocated to qualified institutional buyers (QIBs), 15% to non institutional investors (NIIs) and 10% to retail investors. Eligible Lenskart employees qualify for a discount of ₹19 per equity share.
Objective
The company is planning to use the fund to support several forthcoming projects which include setting up new company-operated and company-owned (CoCo) stores throughout the country by 2028, operating existing stores to their fullest capacity, upgrading its tech platforms and cloud systems. The eyewear major also aims to utilize the fund for its brand promotions and large-scale marketing campaigns, small acquisitions and other general business needs.
Core strengths
Lenskart operates in both online and offline models. It is a fast growing brand in the organized eyewear market. An affordable pricing, convincing support coupled with marketing campaigns helped the company become a known brand in a competitive market. By managing the key parts of its supply chain, it has been able to control costs and while maintaining quality. A consistent revenue growth and its focus on leveraging technology for better products and services are also indicators of its strengths.
Overall impression:
The IPO has drawn huge investor attention. However, with valuations that’s at the higher end, post-listing performance will depend on the company’s ability to sustain growth while improving its margins.
How To Check allotment status on the registrar’s site?
● Go to MUFG Intime India
● Choose the IPO Name ‘Lenskart’ from the drop-down menu
● Enter your credentials (e.g., PAN number, Account No / IFSC).
● Click ‘Submit’ button to find your allotment
FAQs
● What are the dates for the Lenskart IPO?
The Lenskart IPO opened on October 31, 2025 and it closed on November 4, 2025.
● How much is the company planning to raise?
The company plans to raise ₹7,278 crore. It includes a fresh issue of ₹2,150 crore and an offer for sale (OFS) worth ₹5,128 crore.
● What is the price band?
The price band is set between ₹382 and ₹402, with a lot size of 37 shares.
● When will the IPO allotment and listing take place?
The allotment date is November 6, 2025. Refunds and credit to demat accounts are expected by November 7, 2025.