New Delhi: India’s leading omnichannel eyewear retailer Lenskart Solutions Limited is preparing to make its debut on the public market this week. Backed by marquee investors and led by co-founder and CEO Peyush Bansal, the IPO is being closely watched as one of the most high-profile offerings in India in 2025.
The company has set a price band for its issue, indicated listing dates and also revealed a healthy grey-market premium (GMP), signalling strong investor interest.
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Price Band & Issue Size
Lenskart has fixed its IPO price band at Rs 382 to Rs 402 per share, with a lot size of 37 shares for retail participation.
The issue is structured in two parts: a fresh issue of equity shares amounting to approximately Rs 2,150 crore, and an Offer-for-Sale (OFS) component where existing promoters and investors will offload their holdings.
The OFS is composed of over 12.76 crore shares to be sold by stakeholders including the founders and early backers.
Timeline & Listing Date
The public bidding window opens from October 31, 2025 and closes on November 4, 2025.
The basis of allotment is expected around November 6, and the company is scheduled to list on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) on November 10, 2025.
Grey Market Premium Indicates Listing Gains
In the grey market, unlisted shares of Lenskart are trading at around ₹479 per share, against the upper end of the IPO band (~₹402), implying a grey market premium of about 19.15%.
While GMP is a noisy signal and not a guaranteed indication of listing price, it does reflect positive market sentiment around the issue.
Key Selling Shareholders in OFS
The selling shareholders include promoters- Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi – as well as investors such as SoftBank Group (through SVF II Lightbulb (Cayman)), Schroders Capital, PI Opportunities Fund, MacRitchie Investments, Kedaara Capital and Alpha Wave Ventures.
Particularly noteworthy is Schroders Capital Private Equity Asia (Mauritius) which is planning a complete exit by selling approximately 1.9 crore shares (~1.13% stake).
Business Snapshot & Use of Funds
Lenskart, founded in 2010, has grown from an online eyewear venture to a major omni-channel player. In FY 25 it reported revenues of around Rs 6,652.5 crore, up ~22% from the prior year, and turned profitable with a net profit of approximately Rs 297 crore, compared with a loss in FY 24.
The company’s strategy involves strong vertical integration (design, manufacture, retail), leveraging tech and scale.
The IPO proceeds (fresh issue portion) are earmarked for expansion of company-owned stores, investment in technology and cloud infrastructure, brand marketing, and possible acquisitions.
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What Investors Should Keep in Mind
While market sentiment is favourable, it’s important for investors to note that past years saw losses, and the company still has risks- such as dependence on raw-material imports and ongoing tax/ GST litigation.
Moreover, high expectations around listing gains (suggested by GMP) do not guarantee them; market conditions post-listing may vary.
As Lenskart prepares to hit the markets, the key numbers to watch are the final subscription data, allotment outcome, listing premium, and how the stock performs once trading begins. With the company backed by strong brand recognition and credible investors, the IPO has carved out a spotlight but as always, prospective investors should proceed with due diligence