Lenskart Solutions IPO GMP, Allotment Status Live Updates: The Lenskart IPO allotment is expected to be finalised today, November 6, after the offer closed on November 4. The Lenskart IPO was open for subscription between October 31 – November 4.
The basis of allotment could not be completed on November 5 because markets were closed for a holiday; that pushed the likely allotment finalisation to November 6. It is slated to list on November 10 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
| Lenskart Solutions IPO | Key Details |
| Price Band | Rs 382-402 per share |
| IPO Date | October 31-November 04 |
| GMP | 11% |
| IPO Allotment date | November 06 |
| Listing date | November 10 |
What happens after allotment
Once the allotment is confirmed, the registrar will credit shares to the demat accounts of successful applicants and initiate refunds to unsuccessful bidders. These credits and refunds are expected to start showing up from November 7 onwards.
Who is managing the issue
The IPO is managed by a syndicate of banks and brokers. These include Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services. The IPO registrar handling allotment and refunds is MUFG Intime India.
Lenskart Solutions IPO Allotment Status Live: Follow Live Coverage on Lenskart Solutions IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
Lenskart Solutions IPO Allotment Status, GMP Live: Key strengths
The company is the leader in retail eyewear category. It operated on a huge scale, and has a proven track record of revenue and EBITDA growth. Furthermore, Lenskart goes by technology first approach for customer experience and operational efficiency.
Lenskart Solutions IPO Allotment Status, GMP Live: Centralised distribution network
The company has a centralised manufacturing and controlled supply chain in India, which allowed it to deliver quality prescription eyeglasses at affordable costs and enable next day delivery at select locations. This integrated approach also allows it to adapt offerings based on customer feedback.
Lenskart Solutions IPO Allotment Status, GMP Live: Financial performance
On the financial level, the company posted a net profit of Rs 61.17 crore on a total income of Rs 1946.10 crore in Q1FY26. The company marked growth in its top lines for the reported periods and has turned the corner from FY25. Higher other income has helped company to post improving performances at the net level despite higher provisions for finance cost, depreciations, and employee costs.
Lenskart Solutions IPO Allotment Status, GMP Live: SBI Securities' Head of Research on IPO valuation
“On the valuation, at the upper end of the price band, the issue represents a market cap of Rs 70,000 crore. At a 10x Sales multiple, valuations are stretched from a medium-term perspective. No doubt the business model is fairly strong; the company has made solid on-ground progress. However, at the current price, it is ideal for those looking at long-term plays in the retail eyewear manufacturing to consumer platform. Going forward, the key metrics to track will be the ability of the business to scale its profitability in line with its international peers,” according to Sunny Agrawal, Head of Fundamental Research at SBI Securities.
Lenskart Solutions IPO Allotment Status, GMP Live: Brokerage take on this IPO
“Given its strong growth potential but high valuation and profitability risks, this offering is best suited for investors with a higher risk appetite and a long-term investment horizon. Thus we assign a “Subscribe for Long Term” rating for this issue,” said Choice Broking in its IPO note.
Lenskart Solutions IPO Allotment Status, GMP Live: Registrar and lead managers
MUFG Intime India handled the IPO registrar responsibilities. The book-running lead managers oversaw the IPO process, ensuring compliance, allotment, and smooth listing for investors.
Lenskart Solutions IPO Allotment Status, GMP Live: Listing date
Lenskart shares are set to make their stock market debut on November 10, 2025, on both the NSE and BSE. Trading starts at 10 AM, when investors will get a chance to see how the stock performs on listing day.
Lenskart Solutions IPO Allotment Status, GMP Live: Allotment and Refunds
The basis of allotment was finalized on November 6,. Investors could check their allotment status on NSE, BSE, and the registrar’s portal (MUFG Intime India) from that date. Refunds for unallotted shares and credit of shares to demat accounts began on November 7, 2025.
Lenskart Solutions IPO Allotment Status, GMP Live: Use of proceeds
Out of the total issue, the Rs 2,150 crore fresh issue proceeds will go towards expanding retail presence, upgrading technology and cloud infrastructure, and general corporate purposes. Funds from the Rs 5,128 crore OFS will be received by selling shareholders like SoftBank, Kedaara Capital, and Temasek.
Lenskart Solutions IPO Allotment Status, GMP Live: Subscription and demand
The IPO saw robust demand, receiving bids for around 281.88 crore shares against 9.97 crore shares on offer, translating to an overall subscription of 28.26 times. The Qualified Institutional Buyers (QIB) portion was subscribed 40.35 times, the Non-Institutional Investor (NII) category 18.23 times, and the retail investor portion 7.54 times.
Lenskart Solutions IPO Allotment Status, GMP Live: IPO overview
The Lenskart Solutions IPO opened for subscription on October 31, 2025, and closed on November 4, 2025. The issue comprised a fresh issue of Rs 2,150 crore and an offer for sale (OFS) worth Rs 5,128 crore, taking the total issue size to Rs 7,278 crore. The price band was fixed between Rs 382 and Rs 402 per share, with a lot size of 37 shares.
Lenskart Solutions IPO Allotment Status, GMP Live: Company profile
Founded by Peyush Bansal and co-founders, Lenskart is one of India’s largest eyewear retailers. The company operates through an integrated model covering design, manufacturing, branding, and retailing of eyeglasses, contact lenses, and sunglasses. It has a strong online presence and an expanding network of physical stores across India.