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Lenskart Solutions Ltd. was founded in 2008 and is a tech-enabled eyewear firm engaged in the design, manufacturing, branding, and retailing of prescription eyeglasses, sunglasses, contact lenses, and accessories. Its core market is India, and according to the Redseer Report, FY 2025 was the year in which the highest volume of eyeglasses were sold in India by the company.The company operates on a direct-to-consumer model, selling a wide variety of eyewear under its own brands and sub-brands to all segments of the population and price points. During FY 2025, 105 new collections were introduced in the market, including co-operations with prominent brands and personalities.As of March 31, 2025, Lenskart had 2,723 stores in the world—2,067 in India and 656 abroad—with 1,757 owned stores and 310 franchised stores in India. Remote eye examination is available through 136 optometrists across 168 stores in India and select international markets, such as Japan and Thailand.Production is based in Bhiwadi and Gurugram with backing regional facilities in Singapore and the UAE. This arrangement facilitates next-day delivery in 40 Indian cities and 3-day delivery in 69 cities for single-vision prescription eyewear.The firm reported revenues of ₹37,880.28 million, ₹54,277.03 million, and ₹66,525.17 million during FY 2023, 2024, and 2025 respectively, reflecting year-on-year growth consistently. The firm's apps have received more than 100 million cumulative downloads and have a total of 532 technologists.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |

Open Date
31 Oct 2025
Close Date
04 Nov 2025
Min Investment
₹14874
Lot Size
37 Shares
Issue Size
₹7278.02 Cr
Price Range
₹382 - ₹402
Listing Date
Nov 10, 2025
IPO Doc
RHP PDFRevenue Growth
Company Valuation
Earning Expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.
₹272.62 crore will be used to set up new CoCo stores in India. ₹591.44 crore allocated for store lease/rent/license payments. The company will utilise ₹213.37 crore towards investing in technology and cloud infrastructure. The company will utilise ₹320.06 towards brand marketing and business promotion expenses. Part of the IPO proceeds will be used for general corporate purposes and unidentified acquisitions
Capital expenditure
12.6%
Funds for lease and rent payment
27.5%
Investment in technology
9.9%
Brand marketing and business promotion
14.8%
General corporate purposes
35.2%
₹272.62 crore will be used to set up new CoCo stores in India.
₹591.44 crore allocated for store lease/rent/license payments.
The company will utilise ₹213.37 crore towards investing in technology and cloud infrastructure.
The company will utilise ₹320.06 towards brand marketing and business promotion expenses.
Part of the IPO proceeds will be used for general corporate purposes and unidentified acquisitions
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 30-Jun-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 1946.10 | 7009.28 | 5609.87 | 3927.97 |
| EBITDA | 336.63 | 971.06 | 672.09 | 259.71 |
| Expenses | ||||
| Profit After Tax | 61.17 | 297.34 | -10.15 | -63.76 |
| Assets | 10845.68 | 10471.02 | 9531.02 | 9528.28 |
| Net Worth | 6176.87 | 6108.30 | 5642.38 | 5444.48 |
| Reserves | 5855.43 | 5795.00 | 5466.50 | 5411.96 |
| Borrowing | 335.48 | 345.94 | 497.15 | 917.21 |
Peyush Bansal
Neha Bansal
Amit Chaudhary
Sumeet Kapahi
19.85%
17.52%
Lenskart Solutions
Plot No. 151, Okhla Industrial Estate, Phase III, Delhi, New Delhi - 110020
MUFG Intime India Pvt.Ltd
With a 491-member tech team, Lenskart leverages AI and automation across its operations, from virtual try-ons (3.86 crore in FY25) to warehouse management and AI-enabled store analytics. 80.8% of new CoCo stores achieved payback in just 10.3 months (FY24–25), highlighting efficient site selection through AI-led forecasting. Digitised eye-testing and remote optometry, with 164 optometrists conducting remote eye tests for customers at 298 stores in India, further expand accessibility across India and Asia.
The company’s hybrid model of apps, websites, and 2,806 stores (2,137 in India and 669 overseas) ensures seamless customer journeys and consistent pricing. Stores generated ₹23,492.5 revenue per sq. ft. in FY25, the highest among large organised eyewear retailers in India. Further, nearly 44.82% of FY25 India revenue came from customers who engaged digitally before purchase.
Lenskart’s manufacturing facilities operated at a capacity utilisation of 55.10% as of June 2025. Failure to fully utilise available capacity can impact the business. Further, its production is concentrated in two plants located in Bhiwadi (66.67%% of total production) and Gurugram (31.75%). This regional concentration exposes operations to localised disruptions such as power outages, labour unrest, or regulatory changes.
The company’s omnichannel model relies heavily on physical retail stores. As of June 30, 2025, it operated 2,806 stores worldwide, including 2,137 in India. Any slowdown in store-level sales, higher rental renewals, or demographic shifts reducing footfall could impact store profitability.
With operations across 14 countries, Lenskart derives nearly 39.65% of its FY25 revenue from international markets. While this enhances diversification, it exposes the company to currency fluctuations, tax variations, and regulatory differences. Adverse developments such as trade policy changes, foreign exchange volatility, or geopolitical instability could impact both revenues and costs.