Lenskart IPO: Is This Unicorn Another Big Star For Radhakishan Damani Like DMart? Know Dates, Price Band, GMP

Lenskart IPO: All eyes await for the much-awaited eyewear company, Lenskart Solutions Ltd, to step into the world of the stock market. Lenskart will launch its Rs 7,278 crore IPO on October 31st. Big investors are all set to make multifold returns from selling their shares in the Lenskart IPO, and among them is Co-founder and CEO Peyush Bansal. But there is another billionaire investor who recently took a liking to Lenskart and who holds a success story of rags to riches with just one retail company, and he may have just opened another pandora's box for himself!

This is none other than Radhakishan Damani, who went from opening a small retail shop called DMART in the small suburban area, Powai in Mumbai. And Bhansal has just revealed the key sauce to Lenskart success --- 'always open a store near DMART.'

Lenskart IPO - Radhakishan Damani:

Among major investors of Lenskart are SoftBank, KKR and Kedaara Capital. All three marquee investors are likely to participate in the IPO, alongside promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi who will each sold a substantial portion of their shareholding in the Lenskart IPO through offer for sale (OFS).

While these investors look to reduce their shareholding, the owner of DMart which traded as Avenue Supermarts, has recently pumped in Rs 90 crore in Lenskart through a pre-IPO funding round. Backed by renowned investors like Damani is another key positive for Lenskart.

The common ground between Lenskart and DMART is that they are retail companies. And their success in pre-listing has been noteworthy.

In a recent interview with NDTV Profit, Bansal revealed about Damani's latest funding and showed immense respect for the DMART owner. He said, "We have huge respect for Mr Damani, and we have grown up watching Dmart stores. You will always find a Lenskart store near a Dmart. That's our little secret."

That being said, will Lenskart follow in the footsteps of DMart in the post-listing era? Will Damani make big gains just like his billion-dollar returns in DMart?

Lenskart IPO Vs DMart IPO:

Avenue Supermarts, the parent company of DMart, launched its IPO over 8 years ago in March 2017. DMART's IPO was merely Rs 1,870 crore, at a price band of Rs 295 to Rs 299. But on its debut day (March 21, 2017), DMART made one of the biggest premium listings in the Indian primary market of that time.

DMART listed at a premium of 102% on BSE from the IPO price of Rs 299, and by the time the listing day ended, it had given a whopping over 117% return in a single day.

Time skip to 8 years later, now DMART is worth Rs 4,259.25 apiece on BSE with a market cap of Rs 2.77 lakh crore. The stock's 52-week high and low is at Rs 4,916.30 apiece and Rs 3,337.10 apiece respectively. From its IPO price to this date, DMART's gains 1,325%. Radhakishan alone holds 14,98,48,238 equity shares or 23.03% in DMART as of the September 2025 period.

Will Lenskart Be Another Success Like DMART?

How Lenskart performs in the IPO and post-listing is something to look forward.

As per PL Capital's blog, India's eyewear market continues to expand, driven by higher screen exposure and increased awareness about vision health. With its strong brand recall, integrated technology, and omnichannel model, Lenskart IPO represents a significant opportunity for investors seeking exposure to a profitable consumer brand.

It added, the Peyush Bansal-led Lenskart IPO combines scale, profitability, and global presence, making it one of the most closely watched public issues of 2025. As India's largest eyewear retailer steps into the public market, all eyes will be on its listing performance and the long-term story it writes for consumer-tech investors.

Overall, market experts believe the Lenskart IPO's listing will be a key indicator for investor sentiment towards high-growth, profitable digital businesses entering the public markets.

The market valuation for Lenskart is estimated to be between Rs 69,000 crore to Rs 70,000 crore.

Lenskart's latest GMP is also hinting at a good double-digit premium listing on BSE and NSE.

Lenskart IPO GMP:

Lenskart Solutions IPO last GMP is Rs 123, last updated Oct 27th 2025 06:55 PM. With the price band of 402.00, Lenskart Solutions IPO's estimated listing price is Rs 525 (cap price + October 27 GMP).The expected percentage gain/loss per share is 30.60%, as per Investor Grain.

Lenskart IPO: Key Tentative Dates:

- Anchor Investor Bidding: October 30, 2025

- IPO Opens: October 31, 2025

- IPO Closes: November 4, 2025

- Basis of Allotment: November 6, 2025

- Refunds & Demat Credit: November 7, 2025

- Listing Date: November 10, 2025

Lenskart IPO: Key Details

- IPO Size: Rs 7,278.02 Crore.

- Fresh Issue: 5,34,82,587 shares worth Rs 2,150 crore.

- Offer For Sale: 5,34,82,587 shares up to Rs 2,150 crore.

Price Band: Rs 382 to Rs 402 per share.

Employee Discount: Rs 19 on per share.

Bid Lot Size: 37 Shares and multiples of thereof.

Listing At: BSE, NSE.

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