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Published on
October 31, 2025
5 min read
Lenskart IPO Subscription Status Reaches 18% Amid Strong Retail Demand
In Focus
- Lenskart Solutions IPO subscription status hits ~18% early on Day 1
- Price band set at ₹ 382–₹ 402, valuing the company at ~₹ 69,700 crore (~US$8 billion)
- Anchor investment of ₹ 3,268 crore raised prior to the public issue
- Public issue opens October 31 and is scheduled to list November 10 2025
India-based eyewear retailer Lenskart Solutions has opened its initial public offering (IPO) with an early subscription of approximately 18 % within the first hours of bidding, according to a report by Inc42. The company has set the IPO price band at ₹ 382 to ₹ 402 per share, implying a valuation of about ₹ 69,726 crore (~US$ 8 billion) at the upper end.
Strong Anchor Support and Structured Issue Details
The IPO comprises a fresh issue of ₹ 2,150 crore and an offer-for-sale (OFS) of up to 12.76 crore equity shares by existing shareholders. Ahead of the public subscription, the company raised ₹ 3,268 crore from 147 anchor investors on 30 October 2025, allocating 8.13 crore shares at the upper end of the price band.
The subscription window for the public portion runs from 31 October to 4 November 2025, with a tentative listing on the National Stock Exchange of India (NSE) and BSE Ltd. set for 10 November 2025.
Related Post – Navan Lists on Nasdaq After Successful $923 Million U.S. IPO
Segment-Wise Subscription and Observations
As of the first day of bidding, Lenskart IPO subscription status reflected mixed investor participation across categories. Retail investors demonstrated the strongest early response, bidding for nearly 1.3 crore shares against approximately 1.8 crore shares on offer, representing around 73 percent subscription. In other news, WeWork India is set for an Initial Public Offering (IPO) opening on October 3, 2025.
The employee quota followed with close to 62 percent subscription, where bids were placed for about 2.4 lakh shares compared to 3.9 lakh shares available. However, non-institutional investors (NIIs) showed more restrained enthusiasm, subscribing to only about 16 percent of their allocated shares , roughly 44.5 lakh bids against 2.7 crore shares offered.
Financials, Valuation & Business Context
Lenskart reported a net profit of ₹ 61.2 crore in Q1 FY26, compared to a loss of ~₹ 11 crore in the prior year period. Operating revenue for that quarter reached ₹ 1,894.5 crore, up ~25% from Q1 FY25’s ₹ 1,520.4 crore. At the upper price band of ₹ 402, the IPO values the company at about 10.1 times FY25 sales and ~68.7 times FY25 EBITDA, which some analysts consider stretched. Also, on October 29, 2025, Microsoft and OpenAI reached a restructuring deal that allows the AI startup to restructure into a for-profit.
The company intends to use IPO proceeds to expand its physical retail network (company-owned stores), invest in technology infrastructure and brand marketing, and cover general corporate purposes.
Market Outlook & Brief Takeaway
In summary, the Lenskart IPO’s early subscription status, though at ~18% during initial hours, combined with strong anchor support and a high valuation, sets the stage for a highly watched listing. The performance of institutional segments and the eventual pricing/book-building outcome will be critical to market sentiment.
