Lenskart Solutions IPO GMP, Subscription Status Live Updates: Lenskart Solutions IPO is all set to open the subscription on October 31. The investors can bid for the IPO in a range of Rs 382 to Rs 402 per equity share. The company will mop up a sum of Rs 7,278.02 crore from the primary markets. The issue is a combination of 5.35 crore fresh shares amounting to Rs 2,150 crore and an offer for sale of 12.76 crore shares aggregating to Rs 5,128.02 crore.
| Orkla India IPO | Key Details |
| Price Band | Rs 382-402 per share |
| IPO Date | October 31-November 04 |
| GMP | 9.95% |
| IPO Allotment date | November 06 |
| Listing date | Novemeber 10 |
Lenskart Solutions will close the IPO subscription on November 04. The allotment for the Lenskart Solutions IPO is expected to be finalised on November 06. The issue is estimated to be listed on BSE and NSE on November 10, as per the tentative schedule.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are the book-running lead managers for the IPO, and MUFG Intime India is working as the registrar of the issue.
About Lenskart Solutions
Lenskart Solutions is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories. Operating under a direct-to-consumer model, the company offers a broad range of eyewear under its own brands and sub-brands, catering to all age groups and price segments.
In FY25, 105 new collections were launched, including collaborations with well-known brands and personalities. As of March 2025, Lenskart operated 2,723 stores globally—2,067 in India and 656 overseas—with 1,757 owned and 310 franchised stores in India.
Lenskart Solutions IPO Opens for Subscription Live: Follow Live Coverage on Lenskart Solutions IPO GMP, Subscription Status, Allotment, Listing Date and More
Lenskart Solutions IPO Subscription Status, GMP Live: Financial performance
Lenskart turned profitable in FY25, posting a net profit of Rs 297 crore, compared to a near break-even performance in FY24.
Revenue rose 22% year-on-year to Rs 6,625 crore in FY25, showing solid topline growth.
Also read: Orkla India IPO subscribed 79% but GMP signals caution- Check all details
Lenskart Solutions IPO Subscription Status, GMP Live: Company overview
Founded in 2010, Lenskart operates as a tech-led omnichannel eyewear retailer. The company sells prescription glasses, sunglasses, and contact lenses under brands such as Lenskart, John Jacobs, Vincent Chase, and Lenskart Air.
The company runs over 2,700 stores globally, including 2,067 in India and 656 overseas, making it one of the largest organised eyewear retailers by store count.
Lenskart Solutions IPO Subscription Status, GMP Live: Use of IPO proceeds
Funds raised through the fresh issue will be used for -
- Expanding company-owned stores and managing lease-related costs.
- Upgrading technology and cloud infrastructure.
- Brand marketing and promotional activities.
- Potential acquisitions and general corporate purposes.
Lenskart Solutions IPO Subscription Status, GMP Live: Price band and lot size
The company has set the price band at Rs 382–Rs 402 per share. Retail investors can apply for a minimum lot of 37 shares, which requires an investment of about Rs 14,874 at the upper price limit.
Category-wise allocation:
QIBs (Qualified Institutional Buyers): 75%
NIIs (Non-Institutional Investors): 15%
Retail Investors: 10%
Lenskart Solutions IPO Subscription Status, GMP Live: Structure and timeline
The Lenskart IPO aims to raise Rs 7,278 crore through a mix of fresh issue and offer for sale (OFS).
Fresh Issue: 53.5 million shares worth Rs 2,150 crore
Offer for Sale: 127.6 million shares worth Rs 5,128 crore, allowing existing investors to offload part of their holdings.
Bidding Dates: October 31 to November 4
Allotment Date: November 6
Listing Date: November 10 (on BSE and NSE)
Lenskart Solutions IPO Subscription Status, GMP Live: Largest eyewear retailer
Lenskart is the largest organised eyewear retailer in India and is ranked among the top two in Asia for prescription eyeglasses in terms of B2C eyeglasses sales volumes during the FY25, according to the Redseer Report. Furthermore, Lenskart holds the number one position in India and Singapore in terms of B2C revenue from operations amongst leading large organised retailers of prescription eyeglasses in FY25.