Lenskart Solutions IPO: Key Risk Factors You Should Know

Lenskart Solutions Ltd. has launched an initial public offering (IPO) through a book-building process, raising a total of ₹7,278.02 crore. The IPO comprises a fresh issue of 5.35 crore shares worth ₹2,150 crore and an offer-for-sale of 12.76 crore shares aggregating to ₹5,128.02 crore.

The IPO opens for subscription on October 31, 2025, and closes on November 4, 2025. Share allotment is expected to be finalised by November 6, 2025, and the shares are scheduled to be listed on BSE and NSE with a tentative listing date of November 10, 2025.

The price band for the Lenskart IPO has been set at ₹382 to ₹402 per share, with a lot size of 37 shares. For retail investors, the minimum investment required at the upper price band amounts to ₹14,874. The book-running lead manager has not been declared yet, while MUFG Intime India Pvt. Ltd. is appointed as the registrar for the issue.

Lenskart IPO: Key Risk Factors You Should Know

Investors should carefully consider certain risk factors that could materially affect the company’s financial performance:

1. Raw Material Dependence: Raw materials constitute a significant portion of Lenskart’s expenses, ₹4,673.39 million (25.45%) in Q1 FY2026 and ₹16,229.74 million (24.52%) in FY2025. Any supply disruption, delay, or price fluctuation in these materials could adversely impact operations, financial condition, and cash flows.

2. China-Based Operations: Some frames are manufactured, and certain raw materials are imported from China, including through the joint venture Baofeng Framekart Technology Limited. Any supply interruptions could negatively affect the company’s business and results.

3. Manufacturing Capacity Utilisation: Failure to maintain or improve production efficiency at its facilities could impact operations and financial outcomes.

4. Regulatory Scrutiny: Lenskart has provided documents requested by the Directorate of Enforcement, Gurugram, under the Foreign Exchange Management Act, 1999. However, there is no assurance that future regulatory actions will not be initiated, which could affect business, reputation, and financial performance.

5. Environmental and Compliance Risks: The company’s manufacturing operations are subject to stringent environmental, health, and safety regulations. Non-compliance could result in penalties, legal actions, and reputational damage.

Also Read: Studds Accessories Raises ₹137 Crore from Anchor Investors Ahead of IPO Launch

About Lenskart Solutions Ltd

Founded in 2008, Lenskart Solutions Ltd. is a technology-driven eyewear company specialising in the design, manufacturing, branding, and retail of prescription eyeglasses, sunglasses, contact lenses, and accessories.

Operating on a direct-to-consumer model, the company offers a wide variety of eyewear under its own brands and sub-brands, catering to diverse age groups and price segments. During FY2025, it launched 105 new collections, including collaborations with prominent brands and celebrities.

As of March 31, 2025, Lenskart operated 2,723 stores worldwide, comprising 2,067 in India and 656 overseas. In India, 1,757 stores are company-owned and 310 are franchised. The company also provides remote eye testing services through 136 optometrists at 168 locations across India and select international markets, including Japan and Thailand.

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