LIVE: Lenskart IPO allotment to be finalised, GMP up 10% – Step-by-step guide to check status online

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.

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.

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 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.

Lenskart Solutions was awarded “India’s Most Trusted Eyewear Brand of 2025” by TRA Research in FY25. The company’s centralised prescription eyeglasses supply chain and manufacturing allows to manage the supply chain operations and address customer demand for each store location. This drives the core proposition of providing better accessibility to quality eyewear products at affordable prices to a large number of customers, by enabling faster delivery for a large selection of SKUs and thereby eyewear as a ‘fast fashion’ category.

The company primarily sell prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories. India is the largest market and the largest seller of prescription eyeglasses in terms of volumes sold in India in Financial Year 2025, among organised retailers. Leveraging the experience and capabilities in India, they have expanded into select international markets including Japan, Southeast Asia and the Middle East.

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.

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.

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.

“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.

“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.

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 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.

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.

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.

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.

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.

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.