The Lenskart IPO allotment status has become the most anticipated update for retail and institutional investors in India. With the IPO subscription closing on November 4, 2025, all eyes are now on the basis of allotment, expected to be finalized on November 6, 2025. This crucial phase will decide who among the bidders will receive shares and how many. The eyewear giant’s public issue has already created significant buzz due to its brand strength, financials, and strong grey market performance.
Lenskart IPO Key Timeline and Important Dates
Lenskart Solutions Limited opened its IPO on October 31, 2025, and closed it on November 4, 2025. The company offered shares in a price band of ₹382 to ₹402 per share. The allotment process is expected to conclude on November 6, while refunds will likely be initiated by November 7. Successful applicants can expect their shares to be credited to their Demat accounts by November 8, ahead of the listing on November 10, 2025, on both NSE and BSE.
This timeline ensures a smooth transition for investors, from application to potential listing gains. Market watchers believe that this IPO is one of the biggest retail-tech listings of the year, setting a benchmark for future public offerings.
How to Check Lenskart IPO Allotment Status
Once the allotment is finalized, investors can easily verify their status using official platforms. The process can be completed in minutes through the following steps:
- Visit the registrar’s official website — KFin Technologies Ltd (or the designated registrar’s portal).
- Select ‘Lenskart Solutions Ltd’ from the dropdown menu.
- Enter your PAN number, application number, or DP/Client ID to check the allotment.
- Alternatively, investors can also check their status on the BSE website under the “Equity – IPO Allotment Status” section.
- The NSE platform also provides allotment details under the “Check IPO Application” option.
After submission, the portal will display whether the applicant received shares or not. Investors who did not receive any allotment will see a refund initiated to their bank account or UPI-linked ID.
Subscription Figures Reflect Strong Demand
The Lenskart IPO received an overwhelming response across all categories. The issue was subscribed over 28 times, indicating exceptional investor enthusiasm. The Qualified Institutional Buyers (QIB) category led the way with more than 40 times subscription, while Non-Institutional Investors (NII) and Retail Individual Investors (RII) also showed strong participation.
Such a high level of oversubscription reflects the growing confidence in Lenskart’s business model, strong revenue growth, and its leadership in India’s eyewear sector. The grey market premium (GMP) has also shown positive momentum, hinting at a healthy potential listing gain once shares hit the stock exchanges.
What the Allotment Status Means for Investors
For investors, the allotment status marks the transition from anticipation to reality. Those who receive allotments will see shares credited to their Demat accounts by November 8, while those who don’t will get refunds processed almost immediately.
For retail investors, this phase determines if their capital gets locked into potential listing gains or returned for reallocation to upcoming IPOs. Investors should keep an eye on their email or SMS notifications from their broker or bank for updates about the credit or refund process.
Successful allotment also brings decisions to the table — whether to hold the shares long-term given Lenskart’s growth trajectory or to book profits on listing day if prices surge.
Understanding Lenskart’s Market Valuation
Lenskart is one of India’s most recognized eyewear brands, offering affordable and stylish glasses both online and through offline outlets. The IPO aimed for a valuation of around $8 billion, placing it among the top retail and tech-focused listings in the country.
At a price band of ₹382–₹402 per share, the company’s market capitalization positions it in line with major listed retail brands. Lenskart’s unique business model — combining online efficiency with offline presence — has allowed it to capture over 30% of India’s organized eyewear market.
However, analysts caution that the IPO valuation may appear slightly aggressive, especially given the company’s still-developing profitability margins. Nevertheless, its strong brand recall and expansion into Southeast Asia make it a long-term growth story.
Impact of Oversubscription on Allotment Ratios
With the IPO oversubscribed nearly 28 times, allotment chances for retail investors are expected to be limited. Based on previous large IPOs, the probability of receiving at least one lot in such a scenario may fall below 5–10%. Institutional investors, however, typically secure larger allocations due to their scale and reservation quotas.
For retail applicants, this means allotment will be purely based on a lottery system. Each application within the retail quota has an equal chance of being selected for at least one lot. If unsuccessful, investors can expect refunds credited back to their accounts within a day of the allotment finalization.
Financial Highlights of Lenskart
Lenskart’s financial performance leading up to the IPO has been one of its biggest selling points. The company reported steady revenue growth and expansion into new markets. Some of its key financial metrics include:
- Revenue exceeding ₹3,500 crore in FY2024, driven by both online and offline sales.
- Net profit growth over 40% compared to the previous fiscal year.
- Over 2,000 retail stores across India and international markets like Singapore, UAE, and Saudi Arabia.
- Partnerships with global eyewear brands and new product lines boosting premium segment sales.
The financial trajectory positions Lenskart as a strong player in India’s booming consumer market, with analysts expecting further growth post-listing.
Why the Allotment Status Matters So Much
The Lenskart IPO allotment status acts as a crucial indicator for investors eager to see whether their applications have turned into allocations. With such a high subscription rate, most retail investors are waiting for updates to plan their next financial move.
If allotted, investors can track crediting of shares to their Demat accounts and prepare for the listing day. If not, they can explore upcoming IPOs, as India’s capital market remains active with several public offerings in November.
The allotment also plays a role in determining short-term demand and listing-day pricing. High retail rejection combined with strong institutional holding usually translates to a higher debut price on listing day.
Listing Day Expectations
All eyes now turn toward November 10, 2025, when Lenskart shares are expected to list on the NSE and BSE. Market experts forecast a potential 20–25% listing premium, supported by the strong GMP and subscription demand. However, much depends on broader market sentiment and investor appetite on that day.
Given its strong fundamentals, brand visibility, and financials, analysts expect Lenskart to attract both retail traders and long-term investors post-listing. The IPO’s success could further strengthen India’s startup ecosystem and encourage other unicorns to go public.
Final Words
The Lenskart IPO allotment status marks a key turning point for thousands of investors who placed their bids with optimism. Whether allotted or not, this IPO highlights how India’s retail investors continue to participate in landmark listings from tech-driven consumer brands. As Lenskart moves toward its official market debut, investors should stay vigilant, track allotment results carefully, and prepare for potential listing-day action.
Have you checked your allotment status yet? Share your thoughts or results in the comments and stay tuned for the big listing day!