6 months ago
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ARTICLE AD BOX
Eyewear retailer Lenskart Solutions is acceptable to unfastened its archetypal nationalist offering (IPO) connected Friday, aiming to rise Rs 2,150 crore done a caller contented of shares, portion promoters and existing investors volition merchantability 12.75 crore shares via an connection for merchantability (OFS).The IPO volition stay unfastened till November 4 and the institution is acceptable to deed Dalal Street connected November 10. Lenskart plans to utilise proceeds from the caller contented towards mounting up caller company-operated, company-owned (CoCo) stores, expenditure connected lease and rental agreements for these outlets, and investments successful technology, unreality infrastructure, and marque marketing. The institution has besides earmarked funds for imaginable inorganic acquisitions and wide firm purposes.
Lenskart IPO terms band
It has a terms set of Rs 382–Rs 402 per share, and is seeking a valuation of implicit Rs 69,700 crore connected the precocious end.
Lenskart IPO GMP
The entity’s grey marketplace premium stood astatine Rs 70 per share, according to ET. This indicates that the company’s shares mightiness database astir Rs 472, a premium of 17.41%.
Should you subscribe? Here’s what analysts say
SBI Securities has advised investors to “Subscribe for agelong term”, pointing to Lenskart’s beardown concern exemplary and its enactment successful a marketplace that has large abstraction to grow.
The brokerage said listing gains whitethorn beryllium limited, but the company’s integrated proviso chain, amended profitability metrics, and beardown marque spot enactment its semipermanent growth.Ventura Securities has besides fixed a “Subscribe” recommendation, describing Lenskart arsenic a growth-led business. It cited the company’s technology-focused strategy, AI-driven lawsuit engagement, and a store payback play of nether 1 year, adding that profitability is expected to fortify arsenic the concern expands into further regions.Nirmal Bang, according to ET, acknowledged that the IPO appears costly astatine first, but the valuation holds up erstwhile compared with modern retail peers specified arsenic Trent and Metro. The brokerage maintained a Subscribe (long-term) stance, referring to Lenskart’s marque strength, premium merchandise mix, and planetary enlargement plans.The company’s marketplace debut follows a beardown effect successful the anchor book. On Thursday, Lenskart garnered bids worthy astir Rs 68,000 crore from anchor investors, radical acquainted with the substance told PTI.
The bid magnitude was astir 10 times the full contented size of Rs 7,278 crore and adjacent to 20 times the Rs 3,268-crore anchor allocation. Ahead of the IPO, SBI Mutual Fund invested Rs 100 crore, portion Avenue Supermarts (DMart) laminitis Radhakishan Damani invested astir Rs 90 crore.About the entity: Founded successful 2008, Lenskart began arsenic an online level successful 2010 and opened its archetypal carnal store successful 2013 successful New Delhi. It present operates an omni-channel model, offering medicine eyewear, sunglasses, and interaction lenses crossed metro, tier-1, and tier-2 cities, and has expanded internationally to Southeast Asia and the Middle East.Network: The institution designs, manufactures, brands, and retails eyewear done facilities successful Bhiwadi and Gurugram, supported by determination hubs successful Singapore and the UAE. Lenskart added 847 stores since FY23, taking its web to 2,806 outlets arsenic of June 2025, 2,137 successful India and 669 overseas.Financial figures: According to ET, the company’s gross surged implicit 32% annually to Rs 6,652.5 crore, portion EBITDA roseate 93.4% to Rs 971.1 crore, with margins improving to 14.6% successful FY25 from 6.9% successful FY23.
Lenskart posted a nett net of Rs 297.3 crore successful FY25, compared to a nett nonaccomplishment of Rs 63.8 crore successful FY23, though the nett was aided by one-off gains.Market share: Lenskart holds an estimated 4–6% marketplace stock successful India’s eyewear market, but faces contention successful a assemblage that remains 77% unorganised, according to Redseer, placing the institution astatine a operation of a ample accidental and a highly fragmented market. According to Redseer, Lenskart was the largest seller of medicine eyeglasses successful India by measurement successful FY25.(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)
