Eyewear retailer Lenskart Options has opened its preliminary public providing (IPO) on Friday, aiming to lift Rs 2,150 crore by a contemporary challenge of shares, whereas promoters and current buyers will promote 12.75 crore shares by way of a suggestion on the market (OFS).The IPO will stay open until November 4 and the corporate is about to hit Dalal Road on November 10. Shares will probably be alloted to buyers on November 6.Lenskart plans to utilise proceeds from the contemporary challenge in the direction of establishing new company-operated, company-owned (CoCo) shops, expenditure on lease and rental agreements for these shops, and investments in know-how, cloud infrastructure, and model advertising and marketing. The corporate has additionally earmarked funds for potential inorganic acquisitions and common company functions.
Lenskart IPO value band
It has a value band of Rs 382–Rs 402 per share, and is searching for a valuation of over Rs 69,700 crore on the higher finish.
Lenskart IPO GMP
The entity’s gray market premium stood at Rs 70 per share, based on ET. This means that the corporate’s shares may checklist round Rs 472, a premium of 17.41%.
Must you subscribe? Right here’s what analysts say
SBI Securities has suggested buyers to “Subscribe for long run”, pointing to Lenskart’s robust enterprise mannequin and its management in a market that has main area to develop. The brokerage stated itemizing features could also be restricted, however the firm’s built-in provide chain, higher profitability metrics, and robust model energy assist its long-term progress.Ventura Securities has additionally given a “Subscribe” suggestion, describing Lenskart as a growth-led enterprise. It cited the corporate’s technology-focused technique, AI-driven buyer engagement, and a retailer payback interval of below one yr, including that profitability is anticipated to strengthen because the enterprise expands into further areas.Nirmal Bang, based on ET, acknowledged that the IPO seems costly at first, however the valuation holds up compared with trendy retail friends similar to Trent and Metro. The brokerage maintained a Subscribe (long-term) stance, referring to Lenskart’s model energy, premium product combine, and worldwide enlargement plans.The corporate’s market debut follows a robust response within the anchor e-book. On Thursday, Lenskart garnered bids price round Rs 68,000 crore from anchor buyers, individuals aware of the matter advised PTI. The bid quantity was practically 10 occasions the whole challenge dimension of Rs 7,278 crore and shut to twenty occasions the Rs 3,268-crore anchor allocation. Forward of the IPO, SBI Mutual Fund invested Rs 100 crore, whereas Avenue Supermarts (DMart) founder Radhakishan Damani invested round Rs 90 crore.Concerning the entity: Based in 2008, Lenskart started as a web based platform in 2010 and opened its first bodily retailer in 2013 in New Delhi. It now operates an omni-channel mannequin, providing prescription eyewear, sun shades, and call lenses throughout metro, tier-1, and tier-2 cities, and has expanded internationally to Southeast Asia and the Center East.Community: The corporate designs, manufactures, manufacturers, and retails eyewear by amenities in Bhiwadi and Gurugram, supported by regional hubs in Singapore and the UAE. Lenskart added 847 shops since FY23, taking its community to 2,806 shops as of June 2025, 2,137 in India and 669 abroad.Monetary figures: In response to ET, the corporate’s income surged over 32% yearly to Rs 6,652.5 crore, whereas EBITDA rose 93.4% to Rs 971.1 crore, with margins bettering to 14.6% in FY25 from 6.9% in FY23. Lenskart posted a web revenue of Rs 297.3 crore in FY25, in comparison with a web lack of Rs 63.8 crore in FY23, although the revenue was aided by one-off features.Market share: Lenskart holds an estimated 4–6% market share in India’s eyewear market, however faces competitors in a sector that is still 77% unorganised, based on Redseer, inserting the corporate at a mixture of a giant alternative and a extremely fragmented market. In response to Redseer, Lenskart was the biggest vendor of prescription eyeglasses in India by quantity in FY25.(Disclaimer: Suggestions and views on the inventory market, different asset courses or private finance administration suggestions given by consultants are their very own. These opinions don’t signify the views of The Occasions of India)