Lenskart to launch ₹7,300 Cr IPO on 31st October; early investors might see 5-17X gains as the company targets ₹70,000 Cr valuation

Eyewear brand Lenskart is ready to enter the stock market with its initial public offering (IPO) opening on October 31, 2025 and closing on November 4. 

The company aims for a valuation of around ₹70,000 crore, making it one of the biggest IPOs in India this year. 

Lenskart IPO Details: Dates, Price Band, and Issue Size

As per the company’s filing, the IPO will include a fresh issue of ₹2,150 crore and an offer for sale (OFS) of around ₹5,128 crore. 

The price band is fixed between ₹382 and ₹402 per share, and the listing is expected around November 10.

Reports show a grey market premium (GMP) of nearly 19%, hinting that the stock may list above its issue price. If the ₹70,000 crore valuation goal is met, Lenskart will join other big consumer tech listings in India like Zomato and Nykaa.

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How Much Will Lenskart Investors Earn from the IPO?

Lenskart’s IPO is set to bring strong gains for its early backers. According to reports, early investors could see returns of 5x to 17x based on the final issue price and listing value.

The company’s valuation has gone up from about $2.4 billion in 2021 to nearly $6.1 billion in 2025, showing steady growth. 

This shows how investor faith in the brand has grown over the years, supported by its strong presence in both online and offline eyewear sales.

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What Will Lenskart Use Its IPO Funds For?

Lenskart has shown clear financial progress. The company reported a net profit of ₹62 crore in Q1 FY26, compared to losses in the previous year. The funds raised from the IPO will be used to open more stores, upgrade supply chains, and improve technology.

Lenskart currently runs more than 2,800 stores across the world, including over 2,100 outlets in India. 

Founder and CEO Peyush Bansal said that the company will keep focusing on expanding its network across Indian cities and also strengthen its business overseas.

Experts believe that India’s eyewear market is set to grow fast as more people turn to affordable, branded options for vision care.

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