Lenskart Solutions Ltd IPO
Status: Closed
Overview
IPO date
31 Oct 2025 to 04 Nov 2025
Face value
₹ 0 per share
Price
₹ 382 to ₹402 per share
Issue Size
181,045,160 shares
(aggregating up to ₹ 7278.02 Cr)
(aggregating up to ₹ 7278.02 Cr)
Allotment Date
06 Nov 2025
Listing at
NSE
Issue type
Book Building
Sector
FMCG
Objectives of Lenskart Solutions Ltd IPO
Lenskart Solutions Ltd IPO Strategy
About Lenskart Solutions Ltd
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T&C*
Strengths vs Risks of Lenskart Solutions Ltd
Know the pros & cons
Strengths
Centralized Supply Chain and Automated Manufacturing.- In-House Frame and Lens Engineering and Manufacturing Capabilities.
- Customer-Focused Product Design Capabilities.
- Lenskart Brand and Portfolio of Owned Sub-brands.
- Technology First Approach to Customer Experience and Operational Efficiency.
- Omnichannel Retail Platform.
- Track Record of Financial.
Risks
- The company's cost of raw materials consumed constitutes a significant portion of its expenses (amounting to Rs.4,673.39
million, or 25.45% and Rs.16,229.74 million, or 24.52%, of the company's total expenses in the three months ended June 30,
2025 and the Financial Year 2025, respectively) and delays, interruptions or reduction in the supply of raw
materials to manufacture the company's prescription eyeglasses or fluctuations in the prices of its raw materials could
adversely affect the company's business, results of operations, financial condition and cash flows.
- The company manufacture some of its frames in, and import some of the company's raw materials from, the People's Republic of
China, including through import of frames through Baofeng Framekart Technology Limited, the company's Joint Venture.
Any delay, interruption or reduction in the supply of such frames or other raw materials could adversely affect its
business, financial condition, results of operations and cash flows.
- An inability to maintain or improve the company's capacity utilization levels at the company's manufacturing facilities could have an
adverse effect on its business, results of operations, financial condition and cash flows.
- The Directorate of Enforcement, Gurugram under the Foreign Exchange Management Act, 1999, requested the company for
certain information and documents. While the company has provided such requested documents, The company cannot assure you that
no regulatory or other actions will be initiated against the Company in the future, in relation to such orders, which
could adversely affect its business, reputation, results of operations, financial condition and cash flows.
- The company's manufacturing facilities are subject to environmental, health, and safety laws and regulations that impose
significant compliance costs and liabilities on the company's operations, and any non-compliance or violation could expose
the company to legal actions, penalties, and reputational harm.
- Slowdowns, breakdowns or shutdowns at any of the company's manufacturing facilities could have an adverse effect on its
business, results of operations, financial condition and cash flows.
- The company's reliance on manufacturing facilities located in the Gurugram industrial cluster across the states of Haryana
and Rajasthan (which are our Bhiwadi and Gurugram facilities) exposes us to concentration risks across
production and logistics, which could adversely affect its business, results of operations, financial condition and
cash flows.
- The company has entered into a memorandum of understanding with the Government of Telangana to set up a greenfield
manufacturing facility in Hyderabad, Telangana and may encounter delays in the planning, construction and
commercialization of its proposed manufacturing facility, which could adversely affect the company's business, results of
operations, financial condition and cash flows.
- The location, size and performance of the company's retail store network component of its omnichannel retail network are
critical to the company's success. The company cannot assure you that its retail store network will expand and operate as expected or
that the current locations of the company's retail stores will continue to be attractive as demographic patterns change.
- The company's historical performance may not be indicative of its future growth or financial results and if the company fails to manage
its growth or implement the company's growth strategies, the company's business, financial condition, results of operations and cash
flows may be adversely affected.
- The company's global operations expose the company to management, legal, tax, political, economic and foreign exchange risks, and
the company's failures to address such risks could adversely affect its business, results of operations, financial condition and
cash flows.
- The company does not exercise complete operational or financial control over its franchisee-operated retail stores. As a result,
franchisees may take actions that are inconsistent with our brand standards, operational policies, or strategic
objectives. Any such actions could adversely affect the company's reputation, customer experience, and, consequently, the company's
business, results of operations, financial condition, and cash flows.
- The company is dependent on its Promoters, Key Managerial Personnel, members of the company's Senior Management and other
key personnel for its business and growth, and the loss of, or an inability to attract or retain qualified personnel
could adversely affect the company's business, results of operations, financial condition and cash flows.
- Certain of its Subsidiaries and Group Companies have incurred losses in the past. If the company's Subsidiaries and Group
Companies continue to incur losses, we may be required to continue providing financial support to them and its
consolidated results of operations and financial condition could be adversely affected.
- Medical advancements in the eyecare industry may adversely affect the demand for its eyewear products.
- The company has entered into joint venture arrangements for frame manufacturing and distribution capabilities. Noncompliance
with the terms of these joint venture arrangements may adversely affect its business, results of
operations, financial condition and cash flows.
- The company is dependents on third-party contractual labour for several aspects of our manufacturing activities, who are
primarily sourced through labour contractors. Any disruptions in the supply of such contractual labour could
adversely affect its business, results of operations, financial conditions and cash flows.
- If the company is not able to attract and retain vision care professionals (comprising optometrists and opticians) for the company's
retail stores, the company's business, results of operations, financial condition and cash flows could be adversely affected.
- The launch of new sub-brands, eyewear categories or designs that prove to be unsuccessful could affect its growth
plans, which could adversely affect the company's business, results of operations, financial condition, and cash flows.
- There have been certain instances of delays in payment of statutory dues by the Company. Any further delays in
payment of statutory dues may attract financial penalties from the respective government authorities and in turn
may have a material adverse impact on its financial condition and cash flows.
- Errors or inaccuracies in eye examinations conducted by the company's vision care professionals could adversely affect its
reputation, business, results of operations, financial condition and cash flows.
- The company has not entered into any definitive arrangements to utilise certain portions of the Net Proceeds of the Offer
and the company's funding requirements and the proposed deployment of Net Proceeds are based on management estimates.
- The company is yet to finalize the exact locations or properties for setting up Company owned and Company operated stores,
for which the company intend to utilise the amount from Net Proceeds. If the company is unable to find suitable locations or if the
lease or license payments for these locations are in excess of its estimates, our operations and financial conditions
may be adversely impacted.
- The company intend to utilize a portion of the Net Proceeds for unidentified inorganic acquisitions. Further, if the allocated
portion of the Net Proceeds is insufficient to cover for the cost of the relevant inorganic acquisition, the company may need
to seek alternative forms of funding.
- The company's investments in marketing and branding may not result in proportionate increases in revenue, which could
adversely affect its business, results of operations, financial condition and cash flows.
- The company's Registered Office, corporate headquarters, three of its manufacturing facilities, all of the company's retail stores and
multiple offices across India and in international markets, are operated from leased premises. The company is subject to
risks associated with leasing real estate, including the potential inability to renew leases on commercially
reasonable terms, unexpected increases in rental costs, lease terminations, or disputes with landlords. Any such
adverse developments could disrupt the company's operations and could have a material adverse effect on its business, results
of operations, financial condition, and cash flows.
- The company depends significantly on sales of its eyewear products to the company's Lenskart Gold members in India. Any failures to
retain such customers could lead to a decline in the sales of the company's products, which could have an adverse effect on the company's business, results of operations, financial condition and cash flows.
- The company has experienced losses and negative cash flows from investing and financing activities in the past and any
increases in expenses, decline in revenues or negative cash flows in future periods could adversely affect its
business, results of operations, financial condition and the trading price of the company's Equity Shares.
- The company's success depends on our ability to identify market trends and meet evolving customer demands, including
through ongoing research and development and innovation in the company's omnichannel model. If the company is unable to do so,
the company's business, results of operations, financial condition and cash flows could be adversely affected.
- The company's commission and incentive expenses are linked to network expansion and sales performance and may fluctuate
with changes in sales volumes and employee incentive structures, which could adversely affect its business, results
of operations, financial condition and cash flows.
- The company's Statutory Auditors' audit reports for the past three Financial Years have included certain modifications in
their reports and annexures to their report on certain matters specified in the Companies (Auditor's Report) Order,
2020. If similar modifications and comments are included in the Statutory Auditors' reports for our financial
statements in the future, the trading price of its Equity Shares could be adversely affected.
- The company's brands, sub-brands and reputation are critical to the success of its business. Failures to maintain and enhance
the company's brand equity and reputation, including on account of negative publicity and unfavourable media coverage, may
adversely affect its business, results of operations, financial condition and cash flows.
- The company has pursued and are likely to continue to pursue acquisitions for inorganic growth. The company's inability to
successfully complete and integrate suitable acquisitions on acceptable terms in the future could adversely affect
its business, results of operations, financial condition and cash flows.
- The eyewear industry in India is largely unorganized, which exposes the company to competition from a fragmented base of
smaller retailers and may affect its business, results of operations, financial condition and cash flows.
- Any disruptions in the availability of, or fluctuations in the price of, electricity and water at the company's manufacturing
facilities may adversely affect its business, results of operations, financial condition and cash flows.
- Globally, the company faces competition from other eyewear product manufacturers, distributors and brands. If the company is unable
to compete effectively, the company's business, results of operations, financial condition and cash flows may be adversely
affected.
- The company's operations are labour intensive and the company's business, results of operations, financial condition and cash flows
could be adversely affected by strikes, lockouts or increased wage demands by, disputes with, or misconduct by, the company's
employees.
- Technology failures or interruptions in the availability of its online channel, operations at the company's manufacturing
facilities, the company's point-of-sale systems or of its network infrastructure, could have an adverse effect on the company's business,
results of operations, financial condition and cash flows.
- The global eyewear industry is subject to a range of threats and challenges, which if unaddressed by the company, could
adversely affect its business, results of operations, financial condition and cash flows.
- Inability to convert existing customers into repeat buyers, retain existing customers or acquire new customers costeffectively
may adversely affect its business, results of operations, financial condition and cash flows.
- The company relies upon the services of third-party data hosting facilities and other third-party technology service providers
for the company's business and operations. Failures or outages attributable to third-party technology service providers or
others could have an adverse effect on its business, results of operations, financial condition, and cash flows.
- Failures to deliver an efficient omnichannel experience may adversely affect customer satisfaction and retention,
which could adversely affect its business, results of operations, financial condition and cash flows.
- The company subjects to risks associated with product liability, warranty and recall if the company's eyewear products are found to
be defective, which may adversely affect its reputation, business, results of operations, financial condition and
cash flows.
- The company's inability to accurately forecast demand for its eyewear products and manage the company's inventory may have an
adverse effect on its business, results of operations, financial condition and cash flows.
- The company's intellectual property rights may be exposed to misappropriation and infringement claims by third parties and
our eyewear products and brands are vulnerable to counterfeiting. The company's inability to effectively address these risks
and eliminate counterfeit products from the market could adversely affect its business, results of operations,
financial condition, cash flows and prospects.
- The company has in the past entered into related party transactions and may continue to do so in the future. The company cannot
assure you that the company could not have achieved more favourable terms had such transactions not been entered into
with related parties.
- The company's business exposes us to risks inherent to the operation of complex automated lens cutting and other equipment
and machinery, which may experience failures or cause injury either because of defects, faulty maintenance or
repair, or improper use, which may adversely affect its business, results of operations, financial condition and
cash flows.
- The company relies on third-party logistics providers for the transportation and delivery of its eyewear products to customers
and any disruption, delay, or quality issues in such logistics operations, or increases in the company's logistics costs, could
adversely affect its business, results of operations, financial condition and cash flows.
- The Unaudited Proforma Financial Information included in this Red Herring Prospectus, which has been prepared
to illustrate the effects of the acquisition of Dealskart Online Services Private Limited during the Financial Year
2025 and the acquisitions of Stellio Ventures, S.L. and Quantduo Technologies Private Limited during the
Financial Year 2026 on our Restated Consolidated Financial Information, is not indicative of our expected results
of operations in future periods or of our future financial position, or a substitute for our past results.
- The company's business business is subject to seasonality and our quarterly results published upon listing may not be indicative of the company's
annual financial performance and results of operations.
- There are outstanding legal proceedings involving the Company, Directors, Promoters, Subsidiaries, Key
Managerial Personnel and Senior Management Personnel. An unfavourable outcome in such proceedings may
have an adverse effect on its business, results of operations, financial condition and cash flows.
- There may be discrepancies in corporate filings made by us from time to time. Further, the company has filed a compounding
application with RBI. The company cannot assure you that regulatory proceedings or actions will not be initiated against the company
in the future and that the company will not be subject to any penalty imposed by the competent regulatory authority in this
regard.
- The company's business inability to meet its obligations, including financial and other covenants under the company's business debt financing
arrangements could adversely affect its business, results of operations, financial condition, and cash flows.
- The company may requires additional capital to finance the company's business operations (and in particular, the company's business capital expenditure
requirements), and the unavailability of such capital on terms acceptable to the company, or at all, could adversely affect its
business, financial condition, results of operations and cash flows.
- The company requires certain statutory and regulatory licenses and approvals to conduct the company's business business and an inability to
obtain, retain or renew such licenses and approvals could have an adverse effect on its business, results of
operations, financial condition and cash flows.
- The company's business insurance coverage may not adequately protect the company against losses and claims that exceed its insurance coverage
could adversely affect the company's business business, results of operations, financial condition and cash flows.
- If the company is unable to establish and maintain effective internal financial and operational controls, the company's business business and
reputation could be adversely affected.
- The company is subject to anti-bribery, anti-corruption and sanctions laws and regulations and a failures to comply with
such laws and regulations could have an adverse effect on its business, reputation, financial condition, results of
operations, investor confidence and the trading price of the company's business Equity Shares.
- The company's business actual or perceived failure to appropriately handle personal information of its customers could have an
adverse effect on the company's business business, reputation, results of operations, financial condition and cash flows.
- The company has contingent liabilities, and our results of operations, financial condition and cash flows could be adversely
affected if any of these contingent liabilities materialize.
- Information relating to the installed manufacturing capacity, actual production and capacity utilization of the company's business
manufacturing facilities included in this Red Herring Prospectus are based on several assumptions and estimates
and actual future results may differ.
- This Red Herring Prospectus contains information from third parties including an industry report prepared by an
independent third-party research agency, Redseer Management Consulting Private Limited, which the company has
commissioned and paid for to confirm the company's business understanding of its industry exclusively in connection with the Offer,
and reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company tracks certain operating metrics through its internal systems and tools, which may result in inaccurate data or
may be subject to changes in the future.
- Certain non-generally accepted accounting principle financial measures and other statistical information relating
to the company's business operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP
financial measures are not measures of operating performance or liquidity defined by Ind AS and may not be
comparable with those presented by other companies.
- Certain of its Promoters, Directors, Key Managerial Personnel and Senior Management Personnel may be
interested in the Company and its Subsidiaries other than in terms of remuneration, perquisites or benefits and
reimbursement of expenses.
- The company's business ability to pay dividends in the future will depend on its earnings, financial condition, working capital
requirements, capital expenditures and restrictive covenants of the company's business financing arrangements.
How to check the allotment status of Lenskart Solutions Ltd IPO?
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
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The IPO opens on 31 Oct 2025 & closes on 04 Nov 2025.
Lenskart Solutions Limited was originally incorporated as Valyoo Technologies Private Limited', as a private limited company under the Companies Act, 1956, dated May 19, 2008, issued by the Registrar of Companies, New Delhi. Thereafter, the name was changed to Lenskart Solutions Private Limited' pursuant to a fresh certificate of incorporation dated May 19, 2015. Subsequently, it was converted to a public limited company and the name of the Company changed to Lenskart Solutions Limited' via fresh certificate of incorporation dated June 16, 2025, issued by the RoC.
The Company operate frame and lens design and eyeglass manufacturing facilities at two locations in India, supplemented by regional facilities in Singapore and the United Arab Emirates. It primarily sell prescription eyeglasses, sunglasses, and other products such as contact lenses and eyewear accessories. As of March 31, 2025, Company works 2,067 stores in India, of which, 1,757 were owned by them and 310 were franchisee-owned.
The Company commenced the operations in India as an online business in 2010 and opened first retail store in New Delhi in 2013. Since then, it has scaled through both the online and offline channels and established a centralized supply chain through retail stores, websites, mobile applications, and other channels. It commenced the international operations in 2019 by expanding to Singapore by launching a website and one store. Since then, Company has established the international footprint in Southeast Asia, Japan, and the Middle East. It acquired Owndays, a Japan and Southeast Asia-based eyewear brand, in August 2022. In December 2024, Company launched its affordable smart glasses category through 'Phonic', audio-enabled smart eyeglasses, in India.
Company is planning the initial public offer by raising Rs 2150 Crore equity shares through fresh issue and by issuing 132,288,941 equity shares of face value of Rs 2 each through offer for sale.
Lenskart Solutions Ltd IPO will close on 04 Nov 2025.
- Centralized Supply Chain and Automated Manufacturing.
- In-House Frame and Lens Engineering and Manufacturing Capabilities.
- Customer-Focused Product Design Capabilities.
- Lenskart Brand and Portfolio of Owned Sub-brands.
- Technology First Approach to Customer Experience and Operational Efficiency.
- Omnichannel Retail Platform.
- Track Record of Financial.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Peyush Bansal | 173222220 | 10.3 | 152733242 | 8.8 |
| 2 | Neha Bansal | 128271184 | 7.63 | 127260638 | 7.34 |
| 3 | Amit Chaudhary | 16585630 | 0.99 | 13717173 | 0.79 |
| 4 | Sumeet Kapahi | 16107050 | 0.96 | 13238593 | 0.76 |
| 5 | Amit Mittal | 333442 | 0.02 | 333442 | --- |
| 6 | PB LK Family Trust | 100 | --- | 100 | --- |
| 7 | NB LK Family Trust | 100 | --- | 100 | --- |
- The company's cost of raw materials consumed constitutes a significant portion of its expenses (amounting to Rs.4,673.39 million, or 25.45% and Rs.16,229.74 million, or 24.52%, of the company's total expenses in the three months ended June 30, 2025 and the Financial Year 2025, respectively) and delays, interruptions or reduction in the supply of raw materials to manufacture the company's prescription eyeglasses or fluctuations in the prices of its raw materials could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company manufacture some of its frames in, and import some of the company's raw materials from, the People's Republic of China, including through import of frames through Baofeng Framekart Technology Limited, the company's Joint Venture. Any delay, interruption or reduction in the supply of such frames or other raw materials could adversely affect its business, financial condition, results of operations and cash flows.
- An inability to maintain or improve the company's capacity utilization levels at the company's manufacturing facilities could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The Directorate of Enforcement, Gurugram under the Foreign Exchange Management Act, 1999, requested the company for certain information and documents. While the company has provided such requested documents, The company cannot assure you that no regulatory or other actions will be initiated against the Company in the future, in relation to such orders, which could adversely affect its business, reputation, results of operations, financial condition and cash flows.
- The company's manufacturing facilities are subject to environmental, health, and safety laws and regulations that impose significant compliance costs and liabilities on the company's operations, and any non-compliance or violation could expose the company to legal actions, penalties, and reputational harm.
- Slowdowns, breakdowns or shutdowns at any of the company's manufacturing facilities could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's reliance on manufacturing facilities located in the Gurugram industrial cluster across the states of Haryana and Rajasthan (which are our Bhiwadi and Gurugram facilities) exposes us to concentration risks across production and logistics, which could adversely affect its business, results of operations, financial condition and cash flows.
- The company has entered into a memorandum of understanding with the Government of Telangana to set up a greenfield manufacturing facility in Hyderabad, Telangana and may encounter delays in the planning, construction and commercialization of its proposed manufacturing facility, which could adversely affect the company's business, results of operations, financial condition and cash flows.
- The location, size and performance of the company's retail store network component of its omnichannel retail network are critical to the company's success. The company cannot assure you that its retail store network will expand and operate as expected or that the current locations of the company's retail stores will continue to be attractive as demographic patterns change.
- The company's historical performance may not be indicative of its future growth or financial results and if the company fails to manage its growth or implement the company's growth strategies, the company's business, financial condition, results of operations and cash flows may be adversely affected.
- The company's global operations expose the company to management, legal, tax, political, economic and foreign exchange risks, and the company's failures to address such risks could adversely affect its business, results of operations, financial condition and cash flows.
- The company does not exercise complete operational or financial control over its franchisee-operated retail stores. As a result, franchisees may take actions that are inconsistent with our brand standards, operational policies, or strategic objectives. Any such actions could adversely affect the company's reputation, customer experience, and, consequently, the company's business, results of operations, financial condition, and cash flows.
- The company is dependent on its Promoters, Key Managerial Personnel, members of the company's Senior Management and other key personnel for its business and growth, and the loss of, or an inability to attract or retain qualified personnel could adversely affect the company's business, results of operations, financial condition and cash flows.
- Certain of its Subsidiaries and Group Companies have incurred losses in the past. If the company's Subsidiaries and Group Companies continue to incur losses, we may be required to continue providing financial support to them and its consolidated results of operations and financial condition could be adversely affected.
- Medical advancements in the eyecare industry may adversely affect the demand for its eyewear products.
- The company has entered into joint venture arrangements for frame manufacturing and distribution capabilities. Noncompliance with the terms of these joint venture arrangements may adversely affect its business, results of operations, financial condition and cash flows.
- The company is dependents on third-party contractual labour for several aspects of our manufacturing activities, who are primarily sourced through labour contractors. Any disruptions in the supply of such contractual labour could adversely affect its business, results of operations, financial conditions and cash flows.
- If the company is not able to attract and retain vision care professionals (comprising optometrists and opticians) for the company's retail stores, the company's business, results of operations, financial condition and cash flows could be adversely affected.
- The launch of new sub-brands, eyewear categories or designs that prove to be unsuccessful could affect its growth plans, which could adversely affect the company's business, results of operations, financial condition, and cash flows.
- There have been certain instances of delays in payment of statutory dues by the Company. Any further delays in payment of statutory dues may attract financial penalties from the respective government authorities and in turn may have a material adverse impact on its financial condition and cash flows.
- Errors or inaccuracies in eye examinations conducted by the company's vision care professionals could adversely affect its reputation, business, results of operations, financial condition and cash flows.
- The company has not entered into any definitive arrangements to utilise certain portions of the Net Proceeds of the Offer and the company's funding requirements and the proposed deployment of Net Proceeds are based on management estimates.
- The company is yet to finalize the exact locations or properties for setting up Company owned and Company operated stores, for which the company intend to utilise the amount from Net Proceeds. If the company is unable to find suitable locations or if the lease or license payments for these locations are in excess of its estimates, our operations and financial conditions may be adversely impacted.
- The company intend to utilize a portion of the Net Proceeds for unidentified inorganic acquisitions. Further, if the allocated portion of the Net Proceeds is insufficient to cover for the cost of the relevant inorganic acquisition, the company may need to seek alternative forms of funding.
- The company's investments in marketing and branding may not result in proportionate increases in revenue, which could adversely affect its business, results of operations, financial condition and cash flows.
- The company's Registered Office, corporate headquarters, three of its manufacturing facilities, all of the company's retail stores and multiple offices across India and in international markets, are operated from leased premises. The company is subject to risks associated with leasing real estate, including the potential inability to renew leases on commercially reasonable terms, unexpected increases in rental costs, lease terminations, or disputes with landlords. Any such adverse developments could disrupt the company's operations and could have a material adverse effect on its business, results of operations, financial condition, and cash flows.
- The company depends significantly on sales of its eyewear products to the company's Lenskart Gold members in India. Any failures to retain such customers could lead to a decline in the sales of the company's products, which could have an adverse effect on the company's business, results of operations, financial condition and cash flows.
- The company has experienced losses and negative cash flows from investing and financing activities in the past and any increases in expenses, decline in revenues or negative cash flows in future periods could adversely affect its business, results of operations, financial condition and the trading price of the company's Equity Shares.
- The company's success depends on our ability to identify market trends and meet evolving customer demands, including through ongoing research and development and innovation in the company's omnichannel model. If the company is unable to do so, the company's business, results of operations, financial condition and cash flows could be adversely affected.
- The company's commission and incentive expenses are linked to network expansion and sales performance and may fluctuate with changes in sales volumes and employee incentive structures, which could adversely affect its business, results of operations, financial condition and cash flows.
- The company's Statutory Auditors' audit reports for the past three Financial Years have included certain modifications in their reports and annexures to their report on certain matters specified in the Companies (Auditor's Report) Order, 2020. If similar modifications and comments are included in the Statutory Auditors' reports for our financial statements in the future, the trading price of its Equity Shares could be adversely affected.
- The company's brands, sub-brands and reputation are critical to the success of its business. Failures to maintain and enhance the company's brand equity and reputation, including on account of negative publicity and unfavourable media coverage, may adversely affect its business, results of operations, financial condition and cash flows.
- The company has pursued and are likely to continue to pursue acquisitions for inorganic growth. The company's inability to successfully complete and integrate suitable acquisitions on acceptable terms in the future could adversely affect its business, results of operations, financial condition and cash flows.
- The eyewear industry in India is largely unorganized, which exposes the company to competition from a fragmented base of smaller retailers and may affect its business, results of operations, financial condition and cash flows.
- Any disruptions in the availability of, or fluctuations in the price of, electricity and water at the company's manufacturing facilities may adversely affect its business, results of operations, financial condition and cash flows.
- Globally, the company faces competition from other eyewear product manufacturers, distributors and brands. If the company is unable to compete effectively, the company's business, results of operations, financial condition and cash flows may be adversely affected.
- The company's operations are labour intensive and the company's business, results of operations, financial condition and cash flows could be adversely affected by strikes, lockouts or increased wage demands by, disputes with, or misconduct by, the company's employees.
- Technology failures or interruptions in the availability of its online channel, operations at the company's manufacturing facilities, the company's point-of-sale systems or of its network infrastructure, could have an adverse effect on the company's business, results of operations, financial condition and cash flows.
- The global eyewear industry is subject to a range of threats and challenges, which if unaddressed by the company, could adversely affect its business, results of operations, financial condition and cash flows.
- Inability to convert existing customers into repeat buyers, retain existing customers or acquire new customers costeffectively may adversely affect its business, results of operations, financial condition and cash flows.
- The company relies upon the services of third-party data hosting facilities and other third-party technology service providers for the company's business and operations. Failures or outages attributable to third-party technology service providers or others could have an adverse effect on its business, results of operations, financial condition, and cash flows.
- Failures to deliver an efficient omnichannel experience may adversely affect customer satisfaction and retention, which could adversely affect its business, results of operations, financial condition and cash flows.
- The company subjects to risks associated with product liability, warranty and recall if the company's eyewear products are found to be defective, which may adversely affect its reputation, business, results of operations, financial condition and cash flows.
- The company's inability to accurately forecast demand for its eyewear products and manage the company's inventory may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's intellectual property rights may be exposed to misappropriation and infringement claims by third parties and our eyewear products and brands are vulnerable to counterfeiting. The company's inability to effectively address these risks and eliminate counterfeit products from the market could adversely affect its business, results of operations, financial condition, cash flows and prospects.
- The company has in the past entered into related party transactions and may continue to do so in the future. The company cannot assure you that the company could not have achieved more favourable terms had such transactions not been entered into with related parties.
- The company's business exposes us to risks inherent to the operation of complex automated lens cutting and other equipment and machinery, which may experience failures or cause injury either because of defects, faulty maintenance or repair, or improper use, which may adversely affect its business, results of operations, financial condition and cash flows.
- The company relies on third-party logistics providers for the transportation and delivery of its eyewear products to customers and any disruption, delay, or quality issues in such logistics operations, or increases in the company's logistics costs, could adversely affect its business, results of operations, financial condition and cash flows.
- The Unaudited Proforma Financial Information included in this Red Herring Prospectus, which has been prepared to illustrate the effects of the acquisition of Dealskart Online Services Private Limited during the Financial Year 2025 and the acquisitions of Stellio Ventures, S.L. and Quantduo Technologies Private Limited during the Financial Year 2026 on our Restated Consolidated Financial Information, is not indicative of our expected results of operations in future periods or of our future financial position, or a substitute for our past results.
- The company's business business is subject to seasonality and our quarterly results published upon listing may not be indicative of the company's annual financial performance and results of operations.
- There are outstanding legal proceedings involving the Company, Directors, Promoters, Subsidiaries, Key Managerial Personnel and Senior Management Personnel. An unfavourable outcome in such proceedings may have an adverse effect on its business, results of operations, financial condition and cash flows.
- There may be discrepancies in corporate filings made by us from time to time. Further, the company has filed a compounding application with RBI. The company cannot assure you that regulatory proceedings or actions will not be initiated against the company in the future and that the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.
- The company's business inability to meet its obligations, including financial and other covenants under the company's business debt financing arrangements could adversely affect its business, results of operations, financial condition, and cash flows.
- The company may requires additional capital to finance the company's business operations (and in particular, the company's business capital expenditure requirements), and the unavailability of such capital on terms acceptable to the company, or at all, could adversely affect its business, financial condition, results of operations and cash flows.
- The company requires certain statutory and regulatory licenses and approvals to conduct the company's business business and an inability to obtain, retain or renew such licenses and approvals could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company's business insurance coverage may not adequately protect the company against losses and claims that exceed its insurance coverage could adversely affect the company's business business, results of operations, financial condition and cash flows.
- If the company is unable to establish and maintain effective internal financial and operational controls, the company's business business and reputation could be adversely affected.
- The company is subject to anti-bribery, anti-corruption and sanctions laws and regulations and a failures to comply with such laws and regulations could have an adverse effect on its business, reputation, financial condition, results of operations, investor confidence and the trading price of the company's business Equity Shares.
- The company's business actual or perceived failure to appropriately handle personal information of its customers could have an adverse effect on the company's business business, reputation, results of operations, financial condition and cash flows.
- The company has contingent liabilities, and our results of operations, financial condition and cash flows could be adversely affected if any of these contingent liabilities materialize.
- Information relating to the installed manufacturing capacity, actual production and capacity utilization of the company's business manufacturing facilities included in this Red Herring Prospectus are based on several assumptions and estimates and actual future results may differ.
- This Red Herring Prospectus contains information from third parties including an industry report prepared by an independent third-party research agency, Redseer Management Consulting Private Limited, which the company has commissioned and paid for to confirm the company's business understanding of its industry exclusively in connection with the Offer, and reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company tracks certain operating metrics through its internal systems and tools, which may result in inaccurate data or may be subject to changes in the future.
- Certain non-generally accepted accounting principle financial measures and other statistical information relating to the company's business operations and financial performance have been included in this Red Herring Prospectus. These non-GAAP financial measures are not measures of operating performance or liquidity defined by Ind AS and may not be comparable with those presented by other companies.
- Certain of its Promoters, Directors, Key Managerial Personnel and Senior Management Personnel may be interested in the Company and its Subsidiaries other than in terms of remuneration, perquisites or benefits and reimbursement of expenses.
- The company's business ability to pay dividends in the future will depend on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's business financing arrangements.
The Issue type of Lenskart Solutions Ltd is Book Building.
The minimum application for shares of Lenskart Solutions Ltd is 37.
The total shares issue of Lenskart Solutions Ltd is 181045160.
Initial public offering of up to 181,063,669 equity shares of face value of Rs.2/- each ("Equity Shares") of Lenskart Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs.402 per equity share of face value of Rs.2/- each (including a share Premium of Rs.400 per Equity Share) ("Offer Price"), aggregating up to Rs.7278.02 crores comprising a fresh issue of up to 53,501,096 equity shares of face value of Rs.2/- each, aggregating up to Rs.2150.00 crores by the company ("Fresh Issue") and an offer for sale of up to 127,562,573 equity shares of face value of Rs.2/- each, aggregating up to Rs.5128.00 crores ("Offered Shares") by Certain Shareholders ("(Selling Shareholders") (such sale, the "Offer for sale", and together with the fresh issue, the "Offer").
The offer includes a reservation of 391,644 equity shares of face value of Rs.2/- each, aggregating up to Rs. 15 crores (constituting up to 0.02% of the post-offer paid-up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 10.44% and 10.41% of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs.2 each. The offer price is 201 times the face value of the equity shares. The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating up to Rs.430.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the of the securities contracts (regulation) rules, 1957, as amended (the "scrr"). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if Undertaken).
A discount of Rs. 19 per equity share is being offered to eligible employees bidding in the employee reservation portion.