Delhi, 31 October (H.S.): Eyewear retailer Lenskart Solutions Ltd. launched its much-anticipated ₹7,278.02 crore Initial Public Offering (IPO) for public subscription on Friday. The subscription window will remain open until November 4, 2025.The company has set a price band of ₹382 to ₹402 per equity share for the offering.
The IPO consists of a fresh issue of 53.48 million new shares, aiming to raise ₹2,150 crore, and an Offer for Sale (OFS) of 127.56 million existing shares, valued at ₹5,128.02 crore. The minimum lot size for bidders is 37 shares, requiring a minimum investment of ₹14,874 for retail investors at the upper end of the price band.
Following the closure of the issue, the allotment of shares is scheduled for November 6, with the shares expected to be credited to the demat accounts of successful bidders on November 7. The company’s shares are anticipated to be listed on both the BSE and NSE on November 10, 2025.
A day ahead of the public offering, on Thursday, October 30, Lenskart successfully raised ₹3,268.36 crore from 147 anchor investors.
Major institutional investors, including SBI Life Insurance Company Ltd., HDFC Life Insurance Company Ltd., and ICICI Prudential Life Insurance Company Ltd., were among the top participants. Other prominent names in the anchor book included JP Morgan India Fund, Motilal Oswal Digital India Fund, and White Oak Capital Multicap Fund.
The IPO reserves 74.84% of the issue for Qualified Institutional Buyers (QIBs), 14.97% for Non-Institutional Investors (NIIs), and 9.98% for retail investors. A 0.22% portion is reserved for employees. MUFG Intime India Private Limited has been appointed as the registrar for the issue.
Lenskart’s financial filings indicate a significant turnaround. After reporting a net loss of ₹63.76 crore in fiscal year 2022-23 and reducing it to ₹10.15 crore in 2023-24, the company posted a net profit of ₹297.34 crore for the fiscal year ending March 2025.
For the first quarter of the current fiscal year (April-June 2025), the company has already recorded a net profit of ₹61.17 crore. This growth is supported by a steady increase in revenue, which climbed from ₹3,927.97 crore in FY23 to ₹7,009.28 crore in FY25.
The company has also progressively reduced its debt, from ₹917.21 crore at the end of FY23 to ₹335.48 crore by the end of June 2025.
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Hindusthan Samachar / Jun Sarkar
