Eyewear giant Lenskart is finally hitting the public markets after years of anticipation. Backed by marquee investors like SoftBank and ADIA, Lenskart IPO is witnessing strong demand.
As of Day 3, the Lenskart IPO has been subscribed 9.04 times, reflecting strong investor confidence.
It covers:
✅ Subscription status
✅ GMP update
✅ Key dates
✅ Valuation & review
✅ Should you apply?
Let’s dive in.
📊 Lenskart IPO Subscription Status (Day 3)
| Category | Subscription |
|---|---|
| QIB | 14.02x |
| NII (HNI) | 6.91x |
| Retail | 3.32x |
| Total | 9.04x |
The IPO is seeing major traction from institutional investors (QIBs), which is a positive signal.
💰 Lenskart IPO GMP (Grey Market Premium)
As of the latest session, the GMP for Lenskart IPO is around:
👉 ₹42–₹48 per share
This indicates moderate listing expectations, suggesting a positive listing gain possibility.
GMP is unofficial — it only indicates sentiment, not guaranteed returns.
📅 Lenskart IPO Key Dates
| Event | Date |
|---|---|
| IPO Open | TBA |
| IPO Close | Day 3 update |
| Allotment | TBA |
| Refunds | TBA |
| Shares Credit | TBA |
| Listing Date | TBA |
Note: Official dates are not confirmed yet; expected soon.
📦 Issue Details
| Detail | Info |
|---|---|
| Issue Size | ~₹? Cr (Expected) |
| Face Value | ₹- |
| Issue Type | Book Built |
| Lot Size | TBA |
| Listing | NSE, BSE |
Exact issue size & band are likely to be announced shortly.
🏢 About Lenskart
Started in 2010, Lenskart is India’s largest eyewear retail chain with:
✅ 2,500+ stores
✅ Presence in India, Middle East & SE Asia
✅ Multi-brand & private-label products
✅ Online + Offline hybrid model
The company is known for:
✔ Affordable pricing
✔ Fast delivery
✔ Strong digital adoption
✔ Regular product innovation
✅ Lenskart Business Strengths
✅ Largest eyewear brand in India
✅ Strong brand recall & marketing
✅ Large retail + online footprint
✅ High customer retention
✅ Backed by marquee global investors
✅ Strong growth in revenue
⚠️ Risks
❌ Increasing competition (Titan Eye, startups)
❌ High marketing and expansion costs
❌ Profitability yet inconsistent
❌ Heavy dependence on retail outlets
📈 Financials Snapshot (Est.)
| Year | Revenue | Growth |
|---|---|---|
| FY22 | ₹— Cr | — |
| FY23 | ₹— Cr | — |
| FY24 | ₹— Cr | — |
FY24 indicates strong topline growth, although net profitability remains uncertain.
⭐ Lenskart IPO Review
Early response indicates strong institutional interest.
Investors like SoftBank, Abu Dhabi Investment Authority, KKR, Steadview Capital add confidence.
However,
➡ Profitability remains a concern
➡ Valuation may be on higher side
🤔 Should You Apply to Lenskart IPO?
✅ Apply if you are:
✔ Long-term investor
✔ Believer in retail + digital sector growth
✔ Comfortable with moderate valuation
The business has strong brand equity, market leadership, and global expansion opportunities — suitable for long-term returns.
⚠️ Avoid if you are:
❌ Looking only for quick gains
❌ Concerned about valuation and profitability
🎯 Lenskart IPO Verdict
Long-term View: ✅ Positive
Listing Gain View: ✅ Moderate Potential
The Lenskart IPO shows strong fundamentals, impressive subscription numbers on Day 3 (9.04x), and strong investor backing — making it appealing for long-term wealth creation.
🔍 Final Thoughts
With rising eye-care awareness and digital adoption, Lenskart stands in a solid position to dominate. If priced reasonably, Lenskart IPO may offer stable long-term gains.
However, as profitability remains uneven, cautious investors may remain selective.