Lenskart's Rs 7278.02 crore issue-size IPO made a damp debut on the stock market, listing at a 1.74 per cent discount to its issue price on Monday.
Shares of Lenskart opened at Rs 395 on the NSE, which is lower than the issue price of Rs 402. On BSE, the stock began trading at Rs 390, down 2.98 per cent from the issue price.
Congratulations to Lenskart Solutions Limited on getting listed on NSE today.
— NSE India (@NSEIndia) November 10, 2025
Lenskart Solutions Limited is a technology-focused eyewear company involved in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories.… pic.twitter.com/EZsfsI7Kuk
The IPO has a fresh issue of shares worth Rs 2,150 crore and an Offer-for-Sale (OFS) of 12.75 crore equity shares by promoters and investors.
Addressing the buzz around the valuation of the firm, CEO Peyush Bansal said Lenskart was not built to build a valuation. The valuation of the firm stood at Rs 69,091.21 crore on the NSE.
IPO details:
Lenskart IPO was subscribed more than 28 times on the final day of the public bidding, which was mostly led by institutional buyers.
Lenskart proposes to use the proceeds from the IPO for strategic initiatives, including capital expenditure to set up new company-operated, company-owned (CoCo) stores in India, and payments under lease, rent, and licence agreements for these CoCo stores. Investments in technology and cloud infrastructure, brand marketing, and business promotion to enhance brand awareness, potential unidentified inorganic acquisitions, and general corporate purposes were some of the other goals stated by the firm.
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The IPO session, which commenced on October 31, was open till November 4 for investors to make a minimum investment of Rs 14,134 for a lot of 37 shares.
About Lenskart:
Lenskart is a tech-driven eyewear company with operations spanning the designing, manufacturing, branding, and retailing of eyewear products.
