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Explore how Lenskart Solutions Ltd’s IPO performed on its opening day, including subscription details, investor response, price band, key dates, and step-by-step guidance on how to apply through ASBA or UPI.
Lenskart Solutions Ltd which is one of India’s leading omni-channel eyewear brand, opened its ₹7,278.02 crore IPO for subscription on October 31, 2025. Backed by strong brand recognition and robust retail expansion, the IPO has drawn attention from both institutional and retail investors.
The issue includes a fresh issue of ₹2,150 crore and an offer for sale (OFS) of ₹5,128.02 crore, with shares priced between ₹382 and ₹402 per share.
The Lenskart Solutions IPO opened with steady participation across investor categories, reflecting balanced interest from institutional and retail investors on the first day of bidding.
On its opening day, October 31, 2025, the Lenskart IPO witnessed steady participation across investor categories. The issue was subscribed 1.12 times overall, led by Qualified Institutional Buyers (QIBs) and strong retail demand.
| Investor Category | Subscription (Times) | Shares Offered | Shares Bid For |
|---|---|---|---|
Qualified Institutional Buyers (QIB) |
1.42× |
5,41,87,724 |
7,70,37,589 |
Non-Institutional Investors (NII) |
0.39× |
2,70,98,027 |
1,06,67,766 |
bNII (bids above ₹10L) |
0.28× |
1,80,65,352 |
51,28,570 |
sNII (bids below ₹10L) |
0.61× |
90,32,676 |
55,39,196 |
Retail Individual Investors (RII) |
1.29× |
1,80,65,352 |
2,33,85,046 |
Employee Category |
1.08× |
3,91,645 |
4,24,686 |
Total |
1.12× |
9,97,42,748 |
11,46,15,127 |
The QIB segment showed healthy participation on Day 1, while retail investors led the momentum with a 1.29× subscription, signaling strong confidence in the brand’s long-term growth story.
On the second day of bidding, the Lenskart Solutions IPO maintained strong momentum, attracting robust participation across investor categories. According to data from Economic Times and LiveMint, the issue was subscribed 1.95× overall, with the highest traction coming from Retail and QIB investors.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.64× |
Non-Institutional Investors (NII) |
1.17× |
Retail Individual Investors (RII) |
3.23× |
Employee Category |
0.03× |
Total |
1.95× |
The IPO received bids for approximately 16.17 crore shares against 9.97 crore shares available, indicating continued investor optimism. Strong retail demand and sustained institutional interest underscored confidence in Lenskart’s business model and its expanding footprint in India’s organized eyewear market.
On the final day of bidding, Lenskart Solutions Ltd. IPO witnessed an impressive surge in investor participation, closing with an overall subscription of 7.32×. The offering received strong interest from all investor categories, particularly Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs), underscoring robust market confidence in the company’s growth trajectory and brand strength.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
6.58× |
Non-Institutional Investors (NII) |
9.99× |
Retail Individual Investors (RII) |
5.60× |
Employee Category |
4.03× |
Total |
7.32× |
The high NII and QIB participation reflects strong institutional and high-net-worth investor confidence, while retail investors maintained solid engagement with over 5.60× subscription. Overall, the IPO’s closing numbers highlight the market’s optimism toward Lenskart’s expanding retail presence, digital-first model, and leadership in India’s eyewear industry.
The price band for the IPO is set between ₹382 to ₹402 per share, with a face value of ₹2 per share.
Investors can bid for a minimum of 37 shares (1 lot) and in multiples thereof.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
37 |
₹14,874 |
Retail (Max) |
13 |
481 |
₹1,93,362 |
S-HNI (Min) |
14 |
518 |
₹2,08,236 |
S-HNI (Max) |
67 |
2,479 |
₹9,96,558 |
B-HNI (Min) |
68 |
2,516 |
₹10,11,432 |
The minimum investment amount for retail investors is ₹14,874, while High Net-worth Individuals (HNIs) can invest starting at ₹2.08 lakh.
For detailed insights about the company, issue details, and updates, visit the Lenskart Solutions Ltd. IPO on Bajaj Markets.
The IPO timeline provides investors with a clear picture of key milestones, from bidding to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
October 31, 2025 |
IPO opens for subscription |
IPO Close Date |
November 4, 2025 |
Final day to apply |
Basis of Allotment |
November 6, 2025 |
Share allotment finalisation |
Initiation of Refunds |
November 7, 2025 |
Refunds begin for unallotted shares |
Credit of Shares to Demat |
November 7, 2025 |
Allotted shares credited to investors’ Demat accounts |
Listing Date (BSE, NSE) |
November 10, 2025 |
Lenskart Solutions Ltd shares to debut on BSE and NSE |
UPI Mandate Cut-Off Time |
5 PM, November 4, 2025 |
Last time to confirm UPI payment mandate |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Lenskart Solutions IPO using two SEBI-approved methods — ASBA through Net Banking or UPI via broker platforms. Both ensure a secure, paperless, and convenient application process.
Follow these simple steps to apply via your bank’s ASBA service:
Log in to your internet banking account.
Navigate to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Lenskart Solutions IPO’ from the list of available issues.
Enter your bid details, including quantity (lots) and price.
Confirm and submit your application.
The bid amount will be blocked in your bank account until allotment.
Upon allotment, the required funds are debited, and the shares are credited to your Demat account.
You can also apply for the IPO through broker platforms or financial marketplaces using UPI.
Log in to your Demat account or trading account on your broker’s app or website.
Go to the IPO section and select ‘Lenskart Solutions IPO’.
Enter the number of lots and bid price.
Provide your UPI ID linked to your bank account.
Approve the payment request in your UPI app (BHIM, Google Pay, or PhonePe).
Once allotment is finalized, funds will be debited only if shares are allotted.
The allotted shares will be automatically credited to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
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