India’s biggest glasses retailer, Lenskart Solutions Ltd., is opening up to the public with a big Initial Public Offering (IPO) starting October 31, 2025. The window for subscription of the IPO will be open till November 4, and investors have plenty of time to bid for a share in one of India’s fastest-growing consumer-tech brands. The listing of shares on both BSE and NSE is scheduled for November 10, 2025.
Lenskart IPO: Price Band, Issue Size & Lot Structure
Lenskart has set its IPO price band between ₹382–₹402 per share of face value of ₹2 each. The aggregate issue size stands at ₹7,278 crore with a fresh issue of shares aggregating ₹2,150 crore and an Offer for Sale (OFS) by current promoters and long-term investors such as SoftBank, Kedaara Capital, and Alpha Wave up to ₹5,128 crore. Minimum lot size for retail investors is 37 shares, meaning a minimum investment of ₹14,874 at the price band’s upper end.
Lenskart IPO: Anchor Investors and Shareholding
Strong pre-market interest has been elicited from the IPO, with notable anchor investors like Radhakishan Damani (of DMart), SoftBank, and Schroders Capital subscribing to the offer. Employees have an exclusive reservation quota with a discount of ₹19 per share.
Lenskart IPO: Business Profile and Plans to Expand
Lenskart, started by Peyush Bansal in 2008, was the first to introduce the online-first model of eyewear retailing in India and now has a network of more than 2,500 stores globally, including Southeast Asia and the Middle East. The proceeds of the fresh issue from the IPO will be utilised to finance store expansion, technology, marketing, and future acquisitions, further establishing Lenskart as a global eyewear player.
Lenskart IPO: GMP and Listing Prospects
Lenskart’s IPO has drawn huge grey market interest, listing at a grey market premium (GMP) of between ₹75 and ₹108 above issue price, which suggests potential listing gains of 19–27%. Experts sound a warning, however, pointing out that GMP is speculative and listing price ultimately depends on market sentiment and demand at closure.
Expert View and Investor Insights
Analysts and brokers view Lenskart’s IPO as an auspicious medium-term wager in India’s fast-changing consumer retail sector. They mention the firm’s strong omni-channel platform and global expansion plans, but add that valuations are high and profitability metrics in the future will be keenly monitored. Growth stock-seeking investors ready for medium-term turbulence may find this issue appealing.
Nutshell
Lenskart’s IPO listing is among the most prominent listings of 2025 that will be setting benchmarks for India’s digital-first retail firms. The October 31 offer that closes November 4 should list on November 10, with the market keeping an eye out for the next giant consumer tale on Dalal Street.
