Lenskart IPO 2025 Full Details
India’s leading eyewear brand Lenskart is all set to make its grand entry into the stock market with one of the most anticipated IPOs of the year. Founded by Peyush Bansal, who became a household name after Shark Tank India, the company is now gearing up to raise nearly Rs 7,278 crore through its initial public offering.
The excitement around the Lenskart IPO is not just about numbers. It’s about a homegrown startup that began with a simple mission to make quality eyewear affordable and has now grown into a billion-dollar global brand. The company’s upcoming listing is being viewed as a turning point for India’s consumer-tech and retail sector.
Lenskart IPO Date and Price Band
According to market sources, the Lenskart IPO will open for subscription on October 31, 2025, and will close on November 4, 2025. The company has already filed its final draft with SEBI, and merchant bankers are finalizing the price band which is expected to be announced soon.
The IPO will consist of two parts:
- Fresh Issue: Around Rs 2,150 crore to be raised for business expansion, debt repayment, and store growth.
- Offer for Sale (OFS): Existing shareholders including SoftBank, Kedaara Capital, and TPG Growth are expected to offload part of their stake worth over Rs 5,000 crore.
Retail investors will be allocated around 10 percent of the total issue, while Qualified Institutional Buyers (QIBs) will receive 75 percent, and Non-Institutional Investors (NIIs) will get 15 percent.
Although the official price band has not been announced, market chatter indicates that it may range between Rs 480 and Rs 510 per share.
Grey Market Buzz and Valuation
Even before its official launch, Lenskart’s grey market premium (GMP) has started generating strong buzz. As per market trackers, the company’s unlisted shares are trading at a premium of around Rs 60 to Rs 70 per share, indicating high investor demand.
Lenskart’s valuation is expected to be in the range of USD 8 to 10 billion (around Rs 75,000 crore), making it one of the largest retail IPOs in recent times.
One of the reasons investors are showing confidence is Lenskart’s consistent growth and profitability turnaround. For FY25, the company recorded revenue of Rs 6,653 crore and a net profit of Rs 297 crore, a strong recovery from a minor loss of Rs 10 crore in FY24.
Industry experts say that Lenskart has managed to combine digital convenience with physical presence, making it a unique hybrid model in India’s retail space. The company currently operates more than 2,000 stores across India and has expanded internationally to markets like Singapore, the UAE, and Saudi Arabia.
Investor Interest and Growth Story
The biggest names in the Indian market are showing interest in this IPO. Recently, DMart founder Radhakishan Damani invested Rs 90 crore in Lenskart, adding even more credibility to the upcoming issue.
Under Peyush Bansal’s leadership, Lenskart has become much more than just an eyewear company. It has positioned itself as a tech-driven lifestyle brand, using AI-based recommendations, 3D face scanning, and virtual try-ons to improve customer experience.
In a recent investor call, a senior executive from Lenskart mentioned, “We are not selling glasses; we are building an ecosystem of eye care that touches millions of lives every year.”
This approach has helped Lenskart expand its brand presence beyond metros into tier-2 and tier-3 cities, capturing a customer base that was previously untouched by organized optical retail.
Risks and Market Challenges
While Lenskart’s IPO looks promising, analysts also warn investors about a few key risks.
First, the company’s large retail network comes with high operational costs. Rent, inventory, and manpower expenses could impact profit margins if growth slows down.
Second, competition in the eyewear segment is increasing. New entrants like Specsmakers and Titan Eye+ are also expanding aggressively. Any pricing pressure in this space could affect Lenskart’s margins.
Third, Lenskart’s international expansion strategy, while impressive, comes with its own risks of local compliance, currency fluctuations, and logistics challenges.
Still, the company’s fundamentals appear strong enough to handle short-term volatility. Its vertical integration — from design to manufacturing to retail — helps maintain both quality control and brand consistency.
Expert View and Market Sentiment
Market analysts believe the Lenskart IPO could set a new tone for the Indian consumer-tech sector. According to analysts at Moneycontrol, “Lenskart’s successful listing could revive investor confidence in Indian startups that are entering profitability after years of cash burn.”
Retail traders on social media forums are equally enthusiastic. Many believe the brand’s popularity, combined with Peyush Bansal’s trusted image, will attract strong retail participation during the IPO window.
Even mutual funds and institutional investors are expected to bid aggressively, especially after the company’s strong financial turnaround and expanding international footprint.
What It Means for Investors
For retail investors, Lenskart’s IPO could be a great opportunity to invest in a company that combines brand recognition, technology, and profitability. However, experts recommend approaching it with a long-term view rather than looking for quick listing gains.
If Lenskart manages to deliver post-listing performance, it could open doors for other Indian consumer startups like Boat, Mamaearth, and Urban Company to revisit their IPO plans.
Investors who missed out on earlier blockbuster listings like Nykaa and Zomato may find this IPO worth considering, given its improved financial position and real-world brand trust.
Conclusion
The upcoming Lenskart IPO isn’t just another listing; it’s a milestone for India’s retail evolution. A company that started as an online eyewear store has now become a symbol of modern Indian entrepreneurship.
With strong financials, a growing customer base, and global ambitions, Lenskart’s stock market debut is expected to attract both seasoned investors and first-time applicants.
Still, the golden rule remains the same: read the red herring prospectus carefully, evaluate your risk appetite, and invest wisely.
As the market countdown begins, all eyes are now on October 31, when Lenskart officially opens its doors to Dalal Street.