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IPO Analysis > lenskart-ipo-mainboard

Lenskart secures shareholders nod for Rs 2,150 Cr IPO; reveals new ESOP  plan and co-founders pay 

LENSKART IPO ALERT: Lenskart Moves From Shark Tank to the Dalal Street!

India houses the fastest-growing retail space, backed by rising urban demand. The eyewear industry in India is expected to reach ₹1,483 billion, with a 13% Compound Annual Growth Rate. One famous company operating in this industry is the Piyush Bansal-owned Lenskart, which is about to go public on the stock market soon.


Several renowned entities will manage the IPO, as shown in the table below, while MUFG Intime India Private Limited is its registrar. Check the Lenskart IPO allotment status.


Sl. No.

IPO Managers

1

Morgan Stanley India Company Private Limited

2

Citigroup Global Markets India Private Limited

3

Intensive Fiscal Services Private Limited

4

Kotak Mahindra Capital Company Limited

5

Avendus Capital Private Limited

6

Axis Capital Limited


For a more nuanced take on the Lenskart IPO news, check its DRHP.


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days

Lenskart Company Profile


Particulars

Description

Beginning

Digitally in 2010. Set up the first store in New Delhi in 2013

Promoters

Peyush Bansal, Amit Chaudhary, Sumeet Kapahi and Neha Bansal.

Business

Eyewear company driven by tech

Focus Markets

India, Japan, the Middle East and Southeast Asia.

Stores

2,067 in India and 656 abroad (2025)

Recent award

India’s Most Trusted Eyewear Brand of 2025

Business model

Direct to Consumer through an omnichannel network

Customers

9.94 million (2025)

Units Sold

22.91 million (2025)

Manufacturing Facility

Rajasthan and Haryana

USP

Largest eyewear company (revenue terms)

Competitors

No competitors listed in DRHP


Decoding the Lenskart IPO Details

Although the company has not filed its RHP yet, discussed in this section are all the details, like the Lenskart IPO price, date, objective, etc., that we can decode from its DRHP.

  • Lenskart IPO Launch Date

The lenskart ipo date is not announced yet. The table below shows its filing dates.


Filing

Date

Draft Red Herring Prospectus

28 July 2025

Red Herring Prospectus

Not filed yet


  • Lenskart IPO Price and Size


Particular

Issue Size (Shares)

Aggregate Value (₹ Million)

Fresh Issue

Undisclosed

21,500.00

Offer for Sale

132,288,941

Undisclosed

Total Offer Size

Undisclosed

Undisclosed


  • Objectives of the offer


Particulars

Amount (₹ Million)

Setting up new CoCo stores in India

2,726.22

Rent, lease or license related expenses for CoCo stores

5,914.40

Cloud infrastructure and technical advancements

2,133.75

Marketing and promotion

3,200.63

Inorganic acquisitions and other business expenses

Undisclosed

Note that CoCo store stands for Company Owned and Company Operated stores.

  • Other takeaways


Particulars

Description

Face Value

₹2

Listed at

NSE and BSE

Price Range

Undisclosed

Lot Size

Undisclosed


  • Categorisation of different investors


Investor Category

Shares Offered

Maximum or Minimum

QIB

Minimum 75% of the offer

Minimum ₹2 Lakhs

RII

Maximum 10% of the offer

Maximum ₹2 Lakhs

NIB

Maximum 15% of the offer

Minimum ₹2 Lakhs


If, after all Shark Tank episodes and a detailed Lenskart IPO analysis, this excites your investment appetite, click here to first get a demat account with the top brokers!

IPO of Lenskart: Key Financials


Particulars

2025

2024

2023

Revenue from Operations (₹ millions)

66,525.17

54,277.03

37,880.28

Revenue Growth (%)

22.57

43.29

NA

Product Margin (₹ Million)

45,181.13

36,515.63

24,199.18

Product Margin (%)

67.92

67.28

63.88

EBITDA (without other Income ₹ Million)

9,710.56

6,720.91

2,597.10

EBITDA Margin (%)

14.60

12.38

6.86

PBT (₹ Million)

3,853.56

590.31

(1,011.76)

Profit (₹ Million)

2,973.40

(101.54)

(637.57)

Net Working Capital Days

25.64

34.52

30.35

RoCE (%)

13.84

5.08

(0.48)


Strengths and risks

Now, let’s decode the intrinsic strengths and cautionary signals of the Lenskart IPO.


Strengths


  1. Centralised supply chain and robust manufacturing process, with 2,067 stores across 99 states.

  2. Direct-to-consumer reach, along with customer-centric problem-solving.

  3. Lenskart, along with its co-owned brands, demands a strong brand recall.

  4. Tech-first approach for operational efficiency and customer satisfaction.

  5. Omni-channel retail networks that offer a one-stop solution to all related needs, including eye checkups.


Risks


  1. Significant raw material costs.

  2. While some frames are made in-house, a part is imported from the People’s Republic of China.

  3. Disruption in the manufacturing facility can hamper business operations.

  4. The manufacturing facility is subject to rigorous checks and compliance.

  5. The memorandum of understanding with the Telangana Government to set up a greenfield manufacturing facility in Hyderabad might be delayed.

Is the Lenskart IPO Just a Hype?

The Lenskart IPO GMP is unavailable at the moment. To stay updated with the latest GMP movement, as soon as it hits the grey market, click here. However, grey market movement is not enough to efficiently analyse the IPO; don’t forget to perform due diligence before investing. 


Stay tuned with the live subscription status before hitting APPLY.

FAQs

  1. Is Lenskart going for IPO?

Yes, Lenskart is going for an IPO. The company has filed its DRHP with SEBI, dated 28 July 2025. Click here to stay tuned with the live subscription status.


  1. Is Lenskart listed on NSE?

The company is not yet listed on any stock exchange. However, according to its DRHP, the Lenskart IPO will list on both NSE and BSE. Click here to apply to the Lenskart IPO once it comes live.


  1. What is the IPO listing price?

The face value of the Lenskart IPO is ₹2. The company has not yet disclosed the price range and lot size. Click here to stay updated with the latest Lenskart IPO news.


  1. What is the Lenskart IPO date?

The Lenskart IPO date is not disclosed yet. Once the RHP gets listed, we can expect more information on the IPO timeline. Visit FinnPick to get all the latest news regarding the IPO.


  1. Do I need a Demat account for the Lenskart IPO?

A demat account is a must-have for any equity or equity-related asset. This includes IPOs as well. Therefore, the first step to invest in Lenskart would be to get a demat account from the top brokers in India.
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