Lenskart Solutions IPO
Lenskart Solutions Limited (LENSKART) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 November 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +19.1% (likely range -1% to +56%), day's high +37.7%, chance of a gain 82%. Actual: -1.7% at the open, +2.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 5,42,01,608 | 2,18,68,08,632 | 40.3x | |
| NII (HNI) total | 2,71,00,803 | 49,39,58,103 | 18.2x | |
| Big NII (above ₹10 lakh) | 1,80,67,202 | 39,40,22,472 | 21.8x | |
| Small NII (₹2-10 lakh) | 90,33,601 | 9,99,35,631 | 11.1x | |
| Retail | 1,80,67,202 | 13,61,36,616 | 7.54x | |
| Employees | 3,91,644 | 19,42,426 | 4.96x | |
| Total | 9,97,61,257 | 2,81,88,45,777 | 28.3x |
Bids on NSE and BSE together, as published by NSE, as of 04 Nov 2025, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Lenskart Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| JSW InfrastructureSep 2023 | 57.1x | 16.0x | 10.3x | 37.4x | ₹2,949 Cr | +20.2% | +32.2% |
| ZomatoJul 2021 | 51.8x | 33.0x | 7.45x | 38.3x | ₹9,899 Cr | +52.6% | +82.8% |
| Bharti HexacomApr 2024 | 48.6x | 10.5x | 2.83x | 29.9x | ₹4,275 Cr | +32.5% | +54.4% |
| Allied Blenders and DistillersJun 2024 | 50.4x | 32.4x | 4.51x | 23.5x | ₹1,579 Cr | +13.9% | +15.6% |
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| Aadhar Housing FinanceMay 2024 | 72.8x | 16.5x | 2.46x | 25.5x | ₹3,151 Cr | 0.0% | +9.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
| Avendus Capital | 9 | +8.6% | 67% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Axis Capital | 107 | +20.4% | 73% |
| Intensive Fiscal Services | 11 | +28.6% | 82% |
Offer documents (NSE)
Frequently asked
What is the Lenskart Solutions IPO price band and lot size? ₹382–402 per share, with a lot of 37 shares, so the smallest retail bid is ₹14,874.
How many times has it been subscribed? 28.3x overall: QIB 40.3x, NII 18.2x, retail 7.54x, employees 4.96x.
How did it list? It opened at ₹395, -1.7% against the issue price of ₹402, and closed its first day +0.3%.
