Lenskart Solutions’ Rs 7,278 crore initial public offering (IPO) witnessed robust investor interest, with the issue being subscribed 28.2 times when it closed on November 4.
The eyewear major received bids for 281.9 crore shares against 9.97 crore shares on offer.
The basis of allotment will be finalised on November 6, and investors can check their allotment status on either the BSE website or the registrar’s portal, MUFG Intime India.
How to check Lenskart IPO allotment on BSE
To verify your allotment status through the Bombay Stock Exchange (BSE):
Steps to check via MUFG Intime India
Alternatively, you can check on the registrar’s website:
If shares are allotted, they will be credited to investors’ Demat accounts by November 7, while refunds for non-allottees will also be processed the same day.
The stock is set to list on both the NSE and BSE on November 10.
Investor response and subscription details
The IPO comprised a fresh issue of Rs 2,150 crore and an offer for sale worth Rs 5,128 crore.
As per ET, institutional investors led the response — the Qualified Institutional Buyers (QIB) segment was subscribed 40.36 times, non-institutional investors 18.2 times, and retail investors 7.56 times.
Retail investors alone placed 13.66 crore bids for 1.80 crore reserved shares, showing strong interest despite concerns over high valuation.
GMP and listing outlook
Market trackers peg Lenskart’s grey market premium (GMP) at around Rs 41 per share, implying a listing gain of nearly 10% over the issue price of Rs 402.
However, broader market trends could influence debut performance.
Analysts said the overwhelming response reflected confidence in Lenskart’s brand strength and growth potential, although its valuation appears stretched.
At the top price band, the company’s market capitalisation stands near Rs 70,000 crore, with a P/E ratio of around 235x on FY25 earnings.
Founded by Peyush Bansal, Lenskart has grown from an online eyewear seller into a major omnichannel retailer with over 2,700 stores across India and abroad. It reported revenue of Rs 6,652 crore and profit of Rs 297 crore in FY25, though analysts estimate its normalised profit at about ₹130 crore, translating to a thin net margin of under 2%.
Proceeds from the issue will be used for store expansion, technology upgrades, marketing, and cloud infrastructure.
With strong anchor participation worth Rs 3,268 crore and oversubscription of over 28 times, the company’s listing on November 10 will be closely watched.
The eyewear major received bids for 281.9 crore shares against 9.97 crore shares on offer.
The basis of allotment will be finalised on November 6, and investors can check their allotment status on either the BSE website or the registrar’s portal, MUFG Intime India.
How to check Lenskart IPO allotment on BSE
To verify your allotment status through the Bombay Stock Exchange (BSE):
- Visit the official IPO allotment page — BSE India IPO Status
- Select “Equity” as the issue type.
- Choose “Lenskart Solutions” from the dropdown list.
- Enter your application number and PAN details to view your status.
Steps to check via MUFG Intime India
Alternatively, you can check on the registrar’s website:
- Visit MUFG Intime India IPO portal.
- Click on “IPO allotment status.”
- Select “Lenskart Solutions Ltd” from the dropdown.
- Use one of the following: PAN, Application Number, or DP/Client ID.
- Enter your details and submit.
If shares are allotted, they will be credited to investors’ Demat accounts by November 7, while refunds for non-allottees will also be processed the same day.
The stock is set to list on both the NSE and BSE on November 10.
Investor response and subscription details
The IPO comprised a fresh issue of Rs 2,150 crore and an offer for sale worth Rs 5,128 crore.
As per ET, institutional investors led the response — the Qualified Institutional Buyers (QIB) segment was subscribed 40.36 times, non-institutional investors 18.2 times, and retail investors 7.56 times.
Retail investors alone placed 13.66 crore bids for 1.80 crore reserved shares, showing strong interest despite concerns over high valuation.
GMP and listing outlook
Market trackers peg Lenskart’s grey market premium (GMP) at around Rs 41 per share, implying a listing gain of nearly 10% over the issue price of Rs 402.
However, broader market trends could influence debut performance.
Analysts said the overwhelming response reflected confidence in Lenskart’s brand strength and growth potential, although its valuation appears stretched.
At the top price band, the company’s market capitalisation stands near Rs 70,000 crore, with a P/E ratio of around 235x on FY25 earnings.
Founded by Peyush Bansal, Lenskart has grown from an online eyewear seller into a major omnichannel retailer with over 2,700 stores across India and abroad. It reported revenue of Rs 6,652 crore and profit of Rs 297 crore in FY25, though analysts estimate its normalised profit at about ₹130 crore, translating to a thin net margin of under 2%.
Proceeds from the issue will be used for store expansion, technology upgrades, marketing, and cloud infrastructure.
With strong anchor participation worth Rs 3,268 crore and oversubscription of over 28 times, the company’s listing on November 10 will be closely watched.
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