The Lenskart Solutions IPO has captured investor attention as one of the most awaited public issues of 2025. However, the Lenskart Solutions IPO GMP (Grey Market Premium) has recently slipped by about 6%, showing cautious investor sentiment even as the IPO opens for subscription on October 31, 2025.
As per market reports, the Lenskart Solutions IPO GMP today is around ₹38–₹40, down from previous highs earlier this week. This decline reflects mild profit booking in the grey market, yet analysts believe that Lenskart’s strong brand presence, innovative business model, and global expansion make it a long-term growth opportunity.
Key IPO Details
- IPO Open Date: October 31, 2025
- IPO Close Date: November 4, 2025
- Price Band: ₹382 – ₹402 per share
- Lot Size: 37 shares (approx. ₹14,874 at upper price)
- Total Issue Size: ₹7,278.02 crore (Fresh: ₹2,150 crore; OFS: ₹5,128.02 crore)
- Fresh Shares: 5.35 crore; OFS Shares: 12.76 crore
- Likely Allotment Date: November 6, 2025
- Expected Listing Date: November 10, 2025 (BSE & NSE)
- Registrar: MUFG Intime India
- Lead Managers: Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Axis Capital, Citigroup Global Markets India, Intensive Fiscal Services
About Lenskart Solutions
Founded in 2010, Lenskart Solutions Ltd. is a tech-driven eyewear company that designs, manufactures, and retails prescription glasses, sunglasses, contact lenses, and accessories through both online and offline channels. Brands include Lenskart, John Jacobs, Vincent Chase, and Lenskart Air.
As of March 2025, Lenskart had 2,723 stores globally (2,067 in India and 656 overseas). Of the India stores, 1,757 are company-owned and 310 are franchise-run. The company launched 105 new collections in FY25 and expanded collaborations with international designers and influencers.
Utilization of IPO Proceeds
- Expand company-owned stores
- Manage lease-related costs
- Upgrade technology and cloud infrastructure
- Brand marketing and promotional campaigns
- Potential acquisitions to support global growth
Subscription Status and Market Sentiment
Allocation structure: 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors. Analysts expect strong institutional participation due to Lenskart’s brand strength and revenue growth.
However, the recent ~6% drop in IPO GMP signals short-term volatility amid broader market movements. Market experts advise focusing on long-term fundamentals rather than short-lived grey market fluctuations. Lenskart’s cash flows, scalable model, and brand presence support its long-term case.
Should You Subscribe?
For long-term investors, the Lenskart Solutions IPO offers exposure to India’s largest organised eyewear retailer with an expanding international footprint. The company’s tech-led approach, brand loyalty, and strategic expansion make it a potential long-term compounder.
Short-term traders should monitor subscription trends, GMP movement, and listing-day dynamics closely. The near-term GMP correction suggests caution, but investor optimism remains due to consistent financial performance and growth strategy.
Stay tuned with Finowings for real-time updates on Lenskart Solutions IPO GMP, subscription status, allotment details, and other IPO market insights.
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