Lenskart Makes Muted Market Debut; Shares List at 3% Discount

Eyewear retailer Lenskart Solutions made a subdued debut on the Indian stock exchanges on Monday, 10 November, 2025. 

The shares opened at ₹395 on the NSE and ₹390 on the BSE, compared to the issue price of ₹402 per share, marking a 1.7–3% discount on listing.

IPO Details

The initial public offering, which was open from October 31 to November 4, was subscribed 28.26 times, led by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 40.35 times, while retail investors bid about 7.54 times their allotted shares, non-institutional investors at 18.23 times, and employees at 4.96 times. 

The IPO was 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. 

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

Company Overview

Lenskart is India’s largest eyewear retailer, offering a full range of prescription eyeglasses, sunglasses, contact lenses and other eyewear accessories. As of June 30, 2025, the company operates over 2,806 stores globally, including a presence in India, Singapore, the UAE, and other Southeast Asian markets. 

For FY25, Lenskart reported a net profit of ₹297 crore, reversing losses from the previous year. 

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