Lenskart Solutions Limited IPO

Apply 0
Avoid 0

Closing in

Days
Hours
Mins
Secs

Don't Miss It! Mark Your Calender Now:


Lenskart is a technology-driven, direct-to-consumer eyewear company with fully integrated operations across design, manufacturing, branding, and omnichannel retailing. Guided by the mission “Eyewear for All,” the company focuses on delivering affordable, high-quality vision solutions through innovation and scale.

India is its largest market, where Lenskart is the largest organized seller of prescription eyeglasses by volume in FY 2025 (Source: Redseer Report). Leveraging its strong operating model in India, the company has expanded into Japan, Southeast Asia, and the Middle East, making it one of the top two organized B2C eyeglass retailers in Asia by sales volumes.

Product Portfolio & Brand Strategy

Lenskart designs and sells:

1. Prescription eyeglasses (frames + lenses)
2. Sunglasses
3. Contact lenses & eyewear accessories

Products are offered across multiple price points, catering to entire household needs. The company launched 105+ new collections in FY 2025 with active collaborations across celebrities and brands. Its brands are positioned as aspirational, receiving recognition such as “India’s Most Trusted Eyewear Brand 2025” (TRA Research).

Integrated Manufacturing & Supply Chain Leadership

Lenskart centrally controls the full value chain from lens/frame design to final assembly and delivery. Major facilities in Bhiwadi and Gurugram, supported by hubs in Singapore and UAE, enable 69.87% in-house production in FY25.
With ~75% automation, the Bhiwadi plant is among the top two globally by capacity (Source: Redseer). This model drives cost efficiency, consistent quality, faster fulfillment, and expanding margins. Next-day delivery is enabled in 58 Indian cities.

Omnichannel Presence & Customer Engagement

As of June 30, 2025, Lenskart operates 2,806 stores globally (2,137 India / 669 international), supported by 100M+ app downloads and 38.5M virtual try-ons in FY25.
Centralized inventory (75%) ensures wide assortment availability across digital and store channels. AI-led discovery drives ~45% of digital pre-purchase engagement, while 358 Home Try-On agents boost offline conversions.

Technology & Innovation Advantage

The mobile app offers AI frame recommendations, virtual try-on and remote optometry, supported by 164 optometrists serving 298+ stores remotely — expanding reach into Tier-2/3 India and new international geographies.
Digital access enables seamless repeat purchases, order tracking, and omnichannel fulfillment.

Objects of the Lenskart Solutions Limited IPO:

Company proposes to utilize the Net Proceeds in the manner set forth: 1) Capital expenditure towards set-up of new CoCo stores in India (₹272.6 cr) 2) Expenditure for lease/rent/license agreements related payments for our CoCo stores (₹591.4 cr) 3) Investing in technology and cloud infrastructure (₹213.3 cr) 4) Brand marketing and business promotion expenses for enhancing brand awareness (₹320 cr) 5) Unidentified inorganic acquisitions and general corporate purposes
DRHP of Lenskart Solutions Limited IPO
RHP of Lenskart Solutions Limited IPO

Lenskart Solutions Limited IPO Details:

Open Date: Oct 31 2025
Close Date: Nov 04 2025
Total Shares: 18,10,45,160
Face Value: ₹ 2 Per Equity Share
Issue Type: Book Building
Issue Size: 7278.02 Cr.
Lot Size: 37 Shares
Issue Price: ₹ 382-402 Per Equity Share
Listing At: NSE,BSE
Listing Date: Nov 10 2025

Promoters And Management:

1. Peyush Bansal – Chairman, Managing Director & CEO, and Co-founder of the Company. He holds a Bachelor’s degree in Electrical Engineering (Honours) from McGill University, Canada, and previously worked with Microsoft Corporation, USA. With over 17 years of experience in the Company, he leads strategic direction, innovation, and growth. He has been recognised with multiple awards, including Entrepreneur of the Year (ET Awards 2025) and Innovator of the Year (NDTV Indian of the Year 2024). 2. Neha Bansal – Executive Director & Global Head of Merchandising, Co-founder and Promoter with over 17 years of experience. She graduated in Commerce (Honours) from Gargi College, University of Delhi, and is a merit-holder Chartered Accountant. She has completed specialised courses in valuation and information systems audit. She also serves as an Independent Director at Vishal Mega Mart Limited. She oversees strategic planning and optimisation of the merchandising function. 3. Amit Chaudhary – Executive Director & Global Head of Expansion, he holds a Bachelor’s degree in Engineering from Birla Institute of Technology, Mesra, and has over 16 years of experience with the Company. He is responsible for driving the Company’s expansion strategy and scaling operations across new markets and geographies.

Financials of Lenskart Solutions Limited IPO:

Operating metrices
Particulars 3M FY2025-26 3M FY2024-25 FY 2024-25 FY 2023-2024 FY 2022-2023
Quarterly / Annual Transacting Customer Accounts (million) 4.43 3.41 12.4 10.2 7.7
Number of Eyewear Units Sold (million) 7.8 6.35 27.2 21.2 15.95
Total Stores (number) 2806 2435 2723 2389 1959
Financial Metrices
Particulars 3M FY2025-26 3M FY2024-25 FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 1,894 1,520 6,653 5,428 3,788
Product Margin (Cr) 1290 1040 4518 3615 2420
Product Margin 68.12% 68.43% 67.92% 67.28% 63.88%
EBITDA (Cr) 337 183 971 672 260
EBITDA Margins 17.70% 12.06% 14.60% 12.38% 6.86%
PBT (Cr) 100 3 385 59 -101
PAT (Cr) 61 -11 297 -11 -64
PAT Margins 3.22% -0.72% 4.46% -0.20% -1.69%
ROCE 3.58% 1.12% 13.84% 5.08% -0.48%
Operating Cash Flows 283 269 1230 487 95

Comparison With Peers:

According to RHP their is no listed Peers existed in the same business segment.

Lead Manager of Lenskart Solutions Limited IPO:

  1. Affinity Global Capital Markets Pvt Ltd
  2. Avendus Capital Pvt Ltd
  3. Axis Capital Limited
  4. Citigroup Global Markets India Private Limited
  5. Intensive Fiscal Services Private Limited
  6. Kotak Mahindra Capital Company Limited
  7. Morgan Stanley India Company Private Limited

Registrar of Lenskart Solutions Limited IPO:

  1. MUFG Intime India Private Limited

Discussion on Lenskart Solutions Limited IPO:

Leave a Reply