The Lenskart IPO is all set to list on the exchanges after the allotment was finalised on November 6. The offer was closed on November 4. The Lenskart IPO was open for subscription on October 31.
The basis of allotment could not be completed on November 5 because markets were closed for a holiday; that pushed the 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, GMP Live: Key details on Lenskart IPO
The IPO for Lenskart opened on October 31 with a price band of Rs 382- Rs 402 per share. The IPO closed on November 4 and the eyewear company will make its stock market debut on November 10, listing its share on both NSE and BSE. The IPO was oversubscribed 28.26 times on the final day of offering. The offering comprised Rs 2,150 crore of fresh issue and Rs 5,128 for offer for sale of Rs 5,128 crore, of the total float of Rs 7,278 crore.
Lenskart Solutions IPO Allotment Status, GMP Live: Objective of the fresh issue
The company will be utilising Rs 272.62 crore for capital expenditure towards set-up of new CoCo stores in India, Rs 591.44 crore for the expenditure of lease/rent/license agreements related payments for CoCo stores operated by the company, in India, Rs 213.37 crore for Investing in technology and cloud infrastructure, and Rs 320 crore for Brand marketing and business promotion expenses for enhancing brand awareness. Residual proceeds will be used for general corporate purposes.
Lenskart Solutions IPO Allotment Status, GMP Live: When is the listing
Lenskart shares are all set to make their stock market debut on November 10, listing on both the NSE and BSE.
Lenskart Solutions IPO Allotment Status, GMP Live: International expansion
Lenskart Solutions commenced its international operations in 2019 with an expansion into Singapore, marked by the launch of a website and one retail store. Since then, the company has steadily built its global presence across key regions, including Southeast Asia, Japan, and the Middle East.
In August 2022, LSL acquired Owndays, a leading eyewear brand with a strong foothold in Japan and Southeast Asia. This acquisition has strengthened LSL’s ability to offer affordable, high-quality prescription eyeglasses in markets witnessing a growing prevalence of refractive errors, as highlighted in the Redseer Report.
Lenskart Solutions IPO Allotment Status, GMP Live: SBI Securities take on this IPO
“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: Technology driven business model
Lenskart Solutions has developed a scalable and replicable business model by strategically investing in technology solutions, AI tools, and automation across key areas such as customer engagement, supply chain and post-order fulfilment, retail operations, and internal processes.
These capabilities empower the company to deliver a superior customer experience while driving operational efficiency at scale. Additionally, its manufacturing base in India enables Lenskart Solutions to offer high-quality, affordable eyewear to customers across global markets.
Lenskart Solutions IPO Allotment Status, GMP Live: Global footprint
Leveraging its presence across 14 countries as of June 2025, Lenskart Solutions has been able to share design collections globally, enabling the launch of innovative products tailored to local preferences while maintaining a unified global brand identity.
During the three months ended June 2025 and the financial year 2025, the company introduced 42 and 105 new in-house designed and engineered collections, respectively, including collaborations with leading brands and renowned celebrities.
Lenskart Solutions IPO Allotment Status, GMP Live: Ensures smooth customer experience
To ensure a superior customer experience, Lenskart Solutions has strategically centralised and retained control over its entire prescription eyeglasses supply chain, encompassing lens manufacturing and edging, lens and frame design, frame production, and delivery. The company owns and operates advanced frame and lens design as well as prescription manufacturing facilities in Bhiwadi (Rajasthan) and Gurugram (Haryana), supported by regional facilities in Singapore and the United Arab Emirates.
Lenskart Solutions IPO Allotment Status, GMP Live: Expansion plans
In December 2024, Lenskart Solutions signed a memorandum of understanding with the Government of Telangana to establish a new manufacturing facility in Hyderabad. This upcoming facility, which will be substantially larger than the existing 10.69-acre Bhiwadi plant, is designed to meet the company’s growing domestic and international demand, while also enhancing operational resilience and mitigating manufacturing-related risks.
Lenskart Solutions IPO Allotment Status, GMP Live: Eyewear industry
Lenskart Solutions operates in a highly fragmented eyewear market, where approximately 77% of India’s prescription eyeglasses market (by value) is dominated by small, unorganised opticians as of FY25. The company stands out as the only vertically integrated retailer with a centralised supply chain among the leading large organised retailers of prescription eyeglasses, both in India and globally.
Lenskart Solutions IPO Allotment Status, GMP Live: Vijay Kedia says 'no position also a position'
Several key voices across the market have raised concerns about the Lenskart IPO valuations. Key market veteran Vijay Kedia pointed out that “Lenskart’s valuations look quite expensive to me, and I’m not a buyer at any price. I prefer to stay away from money that comes with high risk. Remember, no position is also a position.”
You can read Vijay Kedia's views in details and also views from several other key market voices on the outlook for Lenskart in Lenskart IPO: ‘Overpriced’ or ‘Long-Term Buy’? 7 Market Gurus weigh in
Lenskart Solutions IPO Allotment Status, GMP Live: Strategical investments in technology
Lenskart Solutions has developed a scalable and replicable business model by strategically investing in technology solutions, AI tools, and automation across key areas such as customer engagement, supply chain and post-order fulfilment, retail operations, and internal processes. These capabilities empower the company to deliver a superior customer experience while driving operational efficiency at scale.
Lenskart Solutions IPO Allotment Status, GMP Live: Listing date
Lenskart shares are set to debut on the NSE and BSE on November 10, 2025. Allotted shares will reflect in investors’ demat accounts and become available for trading from the listing date.
Lenskart Solutions IPO Allotment Status, GMP Live: Basis of allotment
The share allotment was finalised on November 6. On this day, investors could check whether they received shares in the IPO using official exchange or registrar websites.
Lenskart Solutions IPO Allotment Status, GMP Live: Lead managers and registrar
The IPO was managed by Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets, Axis Capital, and Intensive Fiscal Services. MUFG Intime India acted as the registrar responsible for allotment and refund activities.
Lenskart Solutions IPO Allotment Status, GMP Live: Use of IPO funds
Lenskart plans to use the fresh issue proceeds of Rs 2,150 crore for expanding its retail network, upgrading technology infrastructure (including cloud and digital systems), and meeting general corporate expenses. Proceeds from the OFS will go to the selling shareholders.
Lenskart Solutions IPO Allotment Status, GMP Live: Subscription recap
The IPO was subscribed 28.26 times overall. The Qualified Institutional Buyers (QIBs) segment was subscribed 40.35 times, the Non-Institutional Investors (NIIs) category 18.23 times, and the Retail Investors (RIIs) 7.54 times.
Lenskart Solutions IPO Allotment Status, GMP Live: Refunds and credit of shares
Refunds for those who didn’t get shares and share credits for successful applicants will begin today, November 7. The registrar handled both processes once allotment was confirmed.
Lenskart Solutions IPO Allotment Status, GMP Live: How to check IPO allotment
Applicants can verify their IPO allotment status through:
BSE website: By selecting “Equity” under issue type and entering their application details.
MUFG Intime India IPO portal: By choosing “Lenskart IPO” and entering their PAN, application number, or DP/Client ID.
Lenskart Solutions IPO Allotment Status, GMP Live: Overview
Lenskart Solutions launched its Rs 7,278.02 crore IPO, which included a fresh issue of Rs 2,150 crore and an Offer for Sale (OFS) of Rs 5,128 crore by existing investors such as SoftBank, Kedaara Capital, and Temasek. The IPO price band was fixed at Rs 382–Rs 402 per share, with a minimum bid lot of 37 shares.
Lenskart Solutions IPO Allotment Status, GMP Live: Contribution from International markets to company's revenue
International markets contribute almost 40% of in Lenskart Solution’s revenue basket. 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, said Choice Equity Broking in an IPO note.
Lenskart Solutions IPO Allotment Status, GMP Live: Objective of the issue
The objective is to utilise the funds for capital expenditure towards the set-up of new CoCo (company-owned, company-operated) stores in India. It will use the funds for the expenditure for lease/rent/license agreements-related payments for CoCo stores operated by the company in India.
Lenskart Solutions IPO Allotment Status, GMP Live: About the company
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: Profitability and financial strength
Lenskart turned profitable at the PAT (Rs. 2973.4 million) level in FY25 and during Q1FY26 (Rs. 611.73 million). The company also reported a net cash position of Rs 15 billion on its balance sheet. It has demonstrated consistent revenue growth. Its revenue from operations grew at a CAGR of 32.52% between the Financial Years 2023 and 2025, increasing from Rs 37,880.28 million to Rs 66,525.17 million.
Lenskart Solutions IPO Allotment Status, GMP Live: Services Lenskart provide
Along with eyewear glasses, Lenskart Solutions offer eyewear accessories as well, including cleaning kits, cloths, cases, repair tools, cords, chains, and stands, all sourced from third-party suppliers.
Apart from that, it offers value-added services such as eye tests, home trials, after-sales support, and gift cards through the online and in-store channels.
Lenskart Solutions IPO Allotment Status, GMP Live: International markets makes 40% of revenue
International markets contribute almost 40% of in Lenskart Solution's revenue basket. 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, said Choice Equity Broking in an IPO note.
Lenskart Solutions IPO Allotment Status, GMP Live: Check allotment status through NSE
Investors can check the allotment status on the website of NSE as well. Investors can use the below steps to check the allotment status.
Visit the NSE IPO application tracking page.
Then, click on ‘Equity and SME IPO Bid Details’.
Select ‘Lenskart Solutions’ from the list.
Provide the details such as your application number and PAN.
Submit to view your allotment status.
The company's registrar is all set to allot the shares to investors who applied for the IPO. Here's a quick guide you can use to check the allotment status:
Lenskart Solutions IPO Allotment Status, GMP Live: About Lenskart Solutions
Lenskart Solutions has posted steady topline growth, and profitability remains weak, with a positive net profit mainly driven by other income and lower expenses. Lenskart holds a 4–6% market share in the prescription eyewear segment, dominated by unorganised players.
Its average revenue per store has improved from Rs 1.9 crore to Rs 2.4 crore, supported by operational efficiencies and AI-driven technologies. About 40% of its revenue comes from international markets.
The objective of the offer is to use the funds for capital expenditure towards the set-up of new CoCo (company-owned, company-operated) stores in India. It will use the funds for the expenditure for lease/rent/license agreements-related payments for CoCo stores operated by the company in India.
Apart from that, the funds will be used for investing in technology and cloud infrastructure, brand marketing and business promotion expenses for enhancing brand awareness, and unidentified inorganic acquisitions.