Peyush Bansal’s Lenskart IPO Launches October 31: Full Details on ₹7,278 Crore Issue, Price Band, and Listing Gains

Lenskart Solutions Ltd., the eyewear giant spearheaded by Peyush Bansal, is set to make its debut on the public markets with a highly anticipated Initial Public Offering (IPO) commencing on October 31, 2025. This public issue is one of the most significant listings expected this year, giving retail and institutional investors an opportunity to acquire shares in one of India's fastest-growing omnichannel retail brands.

The public offer is slated to raise a total of ₹7,278.02 crore and will remain open for subscription until November 4, 2025. The shares are expected to be listed on both the BSE and NSE on November 10, 2025.

Structure of the Public Offer

The IPO is structured as a book-built issue and comprises two main components:

1. Fresh Issue (₹2,150 crore): This segment involves the issuance of new shares, with the net proceeds earmarked primarily for business expansion, strategic brand building, and substantially strengthening the company’s retail and online presence to accelerate growth both domestically and internationally.

2. Offer for Sale (OFS) (₹5,128.02 crore): This portion allows existing shareholders and promoters to offload their shares, generating liquidity for those investors without infusing capital directly into the company.

Pricing and Investment Details

The company has set the price band for the IPO between ₹382 and ₹402 per share. Investors interested in the offering must bid for a minimum of 37 shares, which constitutes the standard lot size.

• Minimum Retail Investment: At the upper end of the price band (₹402), the minimum required investment for a retail investor stands at ₹14,874.

• Non-Institutional Investor (NII) Investment: For high net-worth individuals (HNIs), the required investments are significantly higher. The small NII (sNII) category requires a commitment of ₹2,08,236 (14 lots or 518 shares), while the big NII (bNII) category requires a minimum investment of ₹10,11,432 (68 lots or 2,516 shares).

Market Momentum and Listing Outlook

Market sentiment surrounding the Lenskart IPO appears robust. As of October 28, 2025, the Grey Market Premium (GMP) for the issue stood at ₹98. This figure suggests a potentially lucrative debut for the stock. Based on the upper end of the issue price (₹402), the expected listing price is projected to be around ₹500 per share, translating to a strong anticipated listing gain of approximately $24.38\%$ for successful subscribers.

The IPO allotment is scheduled to be finalized rapidly on November 6, 2025, just two days after the subscription window closes. The company, founded by Bansal, has successfully dominated the Indian eyewear market through its effective omnichannel business model, which synergizes online accessibility with a growing network of physical retail stores, paving the way for its rapid expansion across global markets.