Lenskart IPO Day 2: Check Subscription Status & Key Highlights
The Lenskart IPO enters its second day of subscription today, 3 November 2025. Till the end of day 1, the IPO received a total subscription of 1.13 times, with the highest interest from Qualified Institutional Buyers (QIBs) at 1.42 times. The bidding window is scheduled to close on November 4, 2025.
Lenskart IPO: Issue Details
The Lenskart IPO is a book-building issue of ₹7,278.02 crores, comprising a fresh issue of ₹2,150.00 crores and an offer-for-sale of ₹5,128.02 crores. The price band is set between ₹382 and ₹402 per share. The basis of allotment will be finalised by November 6, 2025, and the tentative listing date on NSE and BSE is November 10, 2025.
The book-running lead managers for the IPO are Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Intensive Fiscal Services Private Limited, while Bigshare Services Private Limited serves as the registrar for the issue.
Lenskart IPO Day 2 Subscription Status
[3-November-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.64 |
|
Non-Institutional Investors |
1.88 |
|
Retail Individual Investors (RIIs) |
3.33 |
|
Employees |
2.62 |
|
Total |
2.01 |
Lenskart IPO Day 1 Subscription Status
[31-October-2025 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.42 |
|
Non-Institutional Investors |
0.41 |
|
Retail Individual Investors (RIIs) |
1.31 |
|
Employees |
1.10 |
|
Total |
1.13 |
Utilisation of IPO Proceeds
The company will not receive any proceeds from the OFS (offer for sale) component; instead, they will be directly allocated to the selling shareholders.
The net proceeds from the fresh issue will be distributed towards
- Brand marketing and promotion activities
- Fund capital expenditure towards the set-up of new CoCo stores in India
- Fund capital expenditure towards lease/rent/licence agreement-related payments for CoCo stores
- General corporate purposes
- Unidentified inorganic acquisitions
- Invest in cloud and tech infrastructure
Lenskart Business Overview
Lenskart is a D2C (direct-to-consumer) company engaged in the business of designing, manufacturing, branding and retailing eyewear products. The company sells prescription eyeglasses, sunglasses, contact lenses and other eyewear accessories.
According to the Redseer Report, Lenskart was the largest seller of prescription eyeglasses in terms of volumes sold in India in FY 2025.
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