The much-awaited Lenskart IPO is set to open for subscription on October 31, 2025, aiming to raise around ₹7,278 crore at a valuation of ₹70,000 crore. Known as India’s leading tech-driven eyewear company, Lenskart has built a strong presence in both online and offline retail, offering eyeglasses, sunglasses, and contact lenses through a fully integrated business model.
Here’s a quick breakdown of the Lenskart Solutions IPO date, price, review, and key insights every investor should know before applying.
1. Lenskart IPO Details
The Lenskart Solutions IPO includes a fresh issue of ₹2,150 crore and an offer-for-sale (OFS) of ₹5,128 crore. The price band is set between ₹382 and ₹402 per share, with a lot size of 37 shares. Investors can apply through online ASBA or UPI-based applications via brokers and banks.
The IPO listing is expected on both BSE and NSE in early November 2025.
2. First Year of Profitability
After years of consistent revenue growth, Lenskart turned profitable in FY25, marking a major milestone.
- FY23: Loss of ₹64 crore
- FY24: Loss of ₹10 crore
- FY25: Profit of ₹297.3 crore
- Q1 FY26: Profit of ₹61 crore
The company’s revenue grew at a 32.5% CAGR between FY23 and FY25, driven by expanding retail stores, strong online sales, and brand acquisitions like Owndays, a leading Japanese eyewear chain.
This profitability shift highlights operational efficiency and scale — a key factor attracting long-term investors to the Lenskart IPO GMP.
3. High Other Income Component
While profitability improved, analysts note that a big part of FY25’s profit came from other income sources. Lenskart reported ₹356 crore in other income in FY25 compared to ₹182 crore in FY24.
This surge was largely due to a ₹167 crore fair value gain from the revaluation of deferred payments related to its Owndays acquisition. The company also earned ₹72.6 crore from mutual fund redemptions, which slightly offset reduced fixed deposit interest.
This means that while profitability is positive, a portion of it came from non-operational gains, which may not repeat in future quarters.
4. Expensive Valuation and Low Promoter Holding
At a P/E ratio of 234x and EV/EBITDA of 70x, the Lenskart IPO valuation appears steep compared to peers in the retail sector. However, experts argue that Lenskart’s strong brand, tech-led operations, and market potential justify some premium pricing.
Still, investors should consider the low promoter holding, currently at 19.9%, which will further drop to 17.5% post-IPO. Promoters and key investors such as SoftBank, Temasek, Schroders Capital, Kedaara Capital, and Alpha Wave Ventures will participate in the OFS.
Should You Invest in the Lenskart IPO GMP?
The Lenskart Solutions IPO offers a chance to invest in a well-known consumer brand operating in a fast-growing eyewear market. However, investors should note the high valuation, limited promoter stake, and dependence on other income for profits.
If the company can sustain its growth momentum and strengthen its operating margins, the Lenskart IPO could reward investors in the long run. For now, it’s best suited for investors with a long-term outlook who can handle moderate listing volatility.
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