Upcoming IPO: Lenskart IPO to Open on October 31 - Check Issue Size & Key Details

Peyush Bansal-led eyewear brand, Lenskart is launching its Initial Public Offering (IPO) on October 31, 2025 with an issue size of ?7,278.02 crores. The bidding window for the Lenskart IPO will be open from October 31, 2025 till November 4, 2025 for public subscription. The IPO price band is set at ?382 to ?402 per share .

Lenskart currently operates over 2,700 stores across various regions in India. It is backed by major investors like Kotak Mahindra, Morgan Stanley, Citi, Avendus Capital and Intensive Fiscal Services.?

Lenskart IPO Details

According to the RHP,?

• Lenskart IPO will be a combination of fresh issue of 5.35 crore shares aggregating to ?2,150.00 crores and offer for sale of 12.76 crore shares aggregating to ?5,128.02 crores.
• The equity shares are proposed to be listed on the super娛樂城 (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Intensive Fiscal Services Private Limited are the book-running lead managers of the public issue.
• MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar for the Lenskart IPO.
• The allotment process for the IPO is expected to be finalised on November 6, 2025.
• The tentative listing date for Lenskart IPO is fixed as November 10, 2025.

Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds from the issue for the following purposes:

• Capital expenditure towards the set-up of new CoCo stores in India.
• Expenditure for lease/rent/license agreements related payments for our CoCo stores operated by the Company, in India.
• Investing in technology and cloud infrastructure.
• Brand marketing and business promotion expenses for enhancing brand awareness.
• Unidentified inorganic acquisitions and general corporate purposes.

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About Lenskart

Founded in 2010? by Peyush Bansal, Lenskart is a technology-driven eyewear company with integrated operations spanning designing, manufacturing, branding and retailing of eyewear products. Operating under names like Lenskart, John Jacobs, Vincent Chase, and Lenskart Air, it offers prescription glasses, sunglasses, contact lenses, IoT-based vision solutions, and in?store eye testing services.?

The company recorded strong financials in FY?25 in terms of revenue, which increased 22–23% to about ?6,653–?6,652 crore, compared to ?5,428 crore in FY?24. It also saw profitability with a net profit of approximately. ?297 crore in FY?25, compared to a ?10 crore loss the previous year.

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