Lenskart sets IPO price band at Rs 382-402 per share; subscription opens October 31, 2025

Omnichannel eyewear retailer Lenskart Solutions Ltd. has fixed a price band of Rs 382 to Rs 402 per share for its upcoming initial public offering (IPO), seeking to raise Rs 7,278 crore and targeting a valuation of over Rs 69,000 crore.

Advertisment

The subscription window will open on October 31 and close on November 4, while the anchor investor allocation is scheduled for October 30.

The IPO comprises a fresh issue worth Rs 2,150 crore and an offer-for-sale (OFS) of over 12.75 crore shares by promoters and existing investors.

Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with investors including SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund II, Macritchie Investments Pte Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, will sell part of their holdings through the OFS.

Of the total issue, 75% has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors, and 10% for retail investors. Eligible employees will receive a discount of Rs 19 per share. Each lot comprises 37 shares, and applications can be made in multiples thereof.

The basis of allotment will be finalized on November 6, with refunds and credit of shares expected by November 7. Trading on BSE and NSE is likely to commence on November 10.

The company plans to deploy the IPO proceeds toward setting up new company-operated, company-owned (CoCo) stores, paying related lease and licence fees, and investing in technology, cloud infrastructure, and brand marketing.

Part of the funds will also go toward potential acquisitions and general corporate purposes. Founded in 2008, Lenskart began as an online eyewear platform in 2010 and opened its first retail store in New Delhi in 2013.

The company today operates across metropolitan, Tier-1, and Tier-2 cities, and has expanded internationally to Southeast Asia and the Middle East.