About
Lenskart is a tech-driven eyewear company and India’s largest seller of prescription eyeglasses by volume in FY25. It designs, manufactures, and retails affordable eyewear through a direct-to-consumer model with 2,723 stores across India and international markets. Known for its in-house designs and omnichannel presence, Lenskart owns centralized production facilities enabling quick delivery and quality control. It reported ₹6,652 crore revenue in FY25, up 22.6% YoY.
IPO schedule
| Issue open date |
2025-10-31 |
| Issue close date |
2025-11-04 |
| UPI mandate deadline |
2025-11-04 (5 PM) |
| Allotment finalization |
2025-11-06 |
| Refund initiation |
2025-11-07 |
| Share credit |
2025-11-07 |
| Listing date |
2025-11-10 |
| Mandate end date |
2025-11-19 |
| Lock-in end date for anchor investors (50%) |
2025-12-06 |
| Lock-in end date for anchor investors (remaining) |
2026-02-04 |
Financials
| Financial Year Ended |
March 2024 |
March 2025 |
June 2025 |
| Total Assets |
9531.02 |
10471.02 |
10845.68 |
| Revenue |
5609.87 |
7009.28 |
1946.10 |
| Profit After Tax |
-10.15 |
297.34 |
61.17 |
Issue size
| Funds Raised in the IPO |
Amount |
| Overall |
₹7278.02 crores |
| Fresh Issue |
₹2150 crores |
| Offer for sale |
₹5128.02 crores |
Utilisation of proceeds
| Purpose |
INR crores (%) |
| Capital expenditure towards the set-up of new CoCo stores in India |
272.62 (12.68%) |
| Expenditure for lease/rent/license agreements for the stores |
591.44 (27.51%) |
| Investing in technology and cloud infrastructure |
213.38 (9.93%) |
| Brand marketing and business promotion expenses for enhancing brand awareness |
320.06 (14.89%) |
Strengths
- India’s largest seller of prescription eyeglasses by volume in FY25.
- Own brand portfolio with 105 in-house collections launched in FY25.
- Strong omnichannel network with 2,723 stores and over 100 million app downloads.
- Centralized and tech-enabled supply chain with quick delivery capabilities.
- International presence across Asia, including Singapore, the UAE, and Japan.
Risks
- High dependence on India for revenue; limited international contribution so far.
- Faces intense competition from online and offline eyewear players.
- Incurred losses in FY23 and FY24; profitability depends on scaling.
- Subject to risks related to rapid expansion and supply chain management.
- Relies on continuous tech investment; any disruption may affect operations.
Allotment Status for Lenskart Solutions
To check your allotment status - click here.
The Lenskart IPO opens today. A day before an IPO opens, companies can raise “anchor” investments from mutual funds and other institutional investors. Fifty-nine institutions participated in Lenskart’s anchor book, committing a total of ₹1,155 crore.
Of these anchor investments, 50% will be locked in for 30 days, and the remaining 50% for 90 days after the IPO allotment.
Check out the full list below:
Lenskart Solutions Limited - Company Anchor Intimation Letter.pdf (791.4 KB)
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