The much-awaited Lenskart IPO opened for subscription today and will remain available until November 4. The tech-driven eyewear brand aims to raise ₹7,278 crore through a mix of fresh shares and offer for sale (OFS). The price band for the public issue has been fixed at ₹382–₹402 per share. The IPO will be listed on both BSE and NSE.

Lenskart IPO GMP Today

Ahead of the listing, Lenskart IPO GMP (Grey Market Premium) stands at ₹48, indicating a 12% potential listing gain for investors. This shows steady demand and positive sentiment in the grey market.

Lenskart IPO Valuation Insights

According to Prashanth Tapse, Senior VP at Mehta Equities, Lenskart seeks a valuation close to ₹70,000 crore, reflecting aggressive pricing that assumes strong future profitability. While revenues are growing rapidly, profit margins remain tight due to high marketing, logistics, and expansion costs. Investors are advised to factor in these elements before subscribing.

Lenskart IPO Subscription Status

As of Day 1 (11:54 AM):

  • Total Subscription: 0.17x

  • Retail Portion: 0.69x

  • NII Segment: 0.15x

Key Lenskart IPO Details

  • IPO GMP: ₹48

  • IPO Date: October 31 – November 4

  • Price Band: ₹382 to ₹402 per share

  • Total Issue Size: ₹7,278 crore

    • Fresh Issue: ₹2,150 crore

    • OFS: ₹5,128 crore

  • Lot Size: 37 shares per lot

  • Allotment Date: November 6 (Tentative)

  • Listing: BSE & NSE

Should You Apply for Lenskart IPO?

Analysts are divided but cautiously optimistic.
Marwadi Financial Services rated the issue “Subscribe (With Caution)”, highlighting that the IPO is richly valued but backed by a strong brand and market leadership in prescription eyewear.

They noted that Lenskart will debut at a P/E ratio of ~285x, which appears expensive but reflects its growth potential.

Ventura Securities also gave a “Buy” recommendation, citing Lenskart’s impressive turnaround from a net loss in FY24 to a profit of ₹295.6 crore in FY25 and improved EBITDA margin of 14.7% driven by robust sales.

Expert View

While the company’s fundamentals are sound and its leadership in the eyewear sector is undisputed, investors should be mindful of high valuations and the long-term growth required to justify them.

Bottom Line: Lenskart IPO looks promising for investors with a moderate risk appetite and long-term perspective.

Disclaimer: This article is for informational purposes only. Investors should consult certified financial advisors before making investment decisions.