LIVE: Lenskart IPO GMP Sees Sharp Drop to 11% from Peak — Key Details Ahead of Oct 31 Opening
Lenskart Solutions IPO opens on October 31 at a price band of ₹382–₹402 per share. GMP drops to 11% ahead of listing. Check IPO details, allotment, and listing dates here.
Lenskart IPO GMP Dips to 11% Ahead of October 31 Opening – Price Band, Dates, and Key Details
The much-awaited Lenskart Solutions IPO is set to open for subscription on October 31, even as its grey market premium (GMP) slipped sharply to around 11%, down from earlier highs. Investors can subscribe to the IPO until November 4, with a price band of ₹382–₹402 per equity share.
The eyewear giant aims to raise ₹7,278 crore through the issue, which includes a fresh issue of ₹2,150 crore (5.35 crore shares) and an offer for sale (OFS) of ₹5,128 crore (12.76 crore shares).
📊 Lenskart Solutions IPO — Key Details
Details Information
Price Band ₹382–₹402 per share
IPO Dates October 31 – November 4
GMP (as of Oct 30) 9.95%
Allotment Date November 6
Listing Date November 10 (BSE, NSE)
Lead Managers: Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services.
Registrar: MUFG Intime India Pvt. Ltd.
🕓 Live IPO Updates
10:29 AM | Oct 30, 2025 — Financial Highlights
Lenskart turned profitable in FY25, posting a net profit of ₹297 crore, up from a near break-even position in FY24.
Revenue surged 22% year-on-year to ₹6,625 crore, reflecting robust growth in both domestic and international markets.
09:53 AM | Oct 30, 2025 — Company Overview
Founded in 2010, Lenskart Solutions is a tech-driven omnichannel eyewear retailer offering prescription glasses, sunglasses, and contact lenses through brands such as Lenskart, John Jacobs, Vincent Chase, and Lenskart Air.
As of March 2025, the company operated 2,723 stores globally — 2,067 in India and 656 overseas, making it one of the world’s leading organised eyewear retailers.
09:20 AM | Oct 30, 2025 — Use of IPO Proceeds
Funds raised will be utilised for:
Expanding company-owned stores and managing lease costs.
Upgrading technology and cloud infrastructure.
Brand marketing and promotional activities.
Potential acquisitions and general corporate purposes.
09:00 AM | Oct 30, 2025 — Price Band & Lot Size
Retail investors can bid for a minimum lot of 37 shares, requiring an investment of approximately ₹14,874 at the upper price limit.
Category-wise allocation:
QIBs: 75%
NIIs: 15%
Retail: 10%
08:38 AM | Oct 30, 2025 — Structure & Timeline
The IPO comprises a fresh issue of ₹2,150 crore and an OFS of ₹5,128 crore, allowing existing shareholders to partially exit.
Final allotments will be announced on November 6, and trading is expected to commence on November 10 on both BSE and NSE.
🕶️ About Lenskart Solutions
Lenskart is a technology-first eyewear brand, selling online directly to consumers on a broad range of glasses and accessories. In FY25, 105 new collections were launched from the company, including collaborations with major global names and influencers.
Lenskart, with an omnichannel presence and expanding footprints internationally, continues to aggressively raise its profile across markets as a global eyewear powerhouse.
