New Delhi, October 31 (Udaipur Kiran): Eyewear retailer Lenskart Solutions Limited on Thursday launched its ₹7,278.02 crore Initial Public Offering (IPO) for public subscription. Investors can place their bids until November 4, while share allotment will take place on November 6. The allotted shares will be credited to demat accounts on November 7, and the company’s shares are expected to list on the BSE and NSE on November 10.
The IPO has a price band of ₹382–₹402 per share with a lot size of 37 shares. Retail investors can bid for a minimum of one lot (37 shares), requiring an investment of ₹14,874. The issue comprises a total of 18,10,45,160 equity shares of ₹2 face value each, including 5,34,82,587 new shares worth ₹2,150 crore and an Offer for Sale (OFS) of 12,75,62,573 shares worth ₹5,128.02 crore.
Ahead of the IPO opening, on October 30, Lenskart Solutions raised ₹3,268.36 crore from 147 anchor investors. Major anchor investors include SBI Life Insurance Company Limited, HDFC Life Insurance Company Limited, and ICICI Prudential Life Insurance Company Limited, each acquiring 12,43,755 shares. Other prominent investors in the anchor book are JP Morgan India Fund, Compact Structure Fund, Motilal Oswal Digital India Fund, and White Oak Capital Multicap Fund.
As per the allocation structure, Qualified Institutional Buyers (QIBs) have been reserved 74.84%, retail investors 9.98%, Non-Institutional Investors (NIIs) 14.97%, and employees 0.22%. MUFJ Intime India Pvt. Ltd. has been appointed as the registrar for the issue.
According to the company’s prospectus, Lenskart’s financial performance has improved steadily. The company reported a net loss of ₹63.76 crore in FY 2022–23, which narrowed to ₹10.15 crore in FY 2023–24. It turned profitable in FY 2024–25 with a net profit of ₹297.34 crore. In the first quarter of FY 2025–26 (April–June 2025), it posted a net profit of ₹61.17 crore.
Revenue growth has also been consistent — from ₹3,927.97 crore in FY 2022–23 to ₹5,609.87 crore in FY 2023–24, and ₹7,009.28 crore in FY 2024–25. For April–June 2025, total revenue stood at ₹1,946.10 crore.
The company has also managed to reduce its debt burden from ₹917.21 crore in FY 2022–23 to ₹345.94 crore in FY 2024–25, which further declined to ₹335.48 crore in Q1 FY 2025–26. During this period, reserves and surplus rose from ₹5,411.96 crore in FY 2022–23 to ₹5,855.43 crore in Q1 FY 2025–26.
Lenskart’s EBITDA improved from ₹259.71 crore in FY 2022–23 to ₹672.09 crore in FY 2023–24, and reached ₹971.06 crore in FY 2024–25. For the April–June 2025 quarter, EBITDA stood at ₹336.63 crore.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
