Indian company Lenskart is preparing to enter the smart wearable market with its AI camera smartglasses. The name of this smartglass of the company will be B and it will be launched in December. The company says that this device will provide cutting edge technology along with comfort. Lenskart has said that it will make its AI and camera technology accessible to developers and other consumer apps, which means that these smartglasses can be integrated into apps like food delivery, fitness and entertainment etc. With this, it will not remain just a lifestyle gadget but will become a multipurpose wearable device.

These will be the features

Snapdragon AR1 Gen 1 chipset will be used in Lenskart’s B smartglasses. It will be provided with a Sony camera for taking hands-free photos and videos. Additionally, it will have a built-in AI assistant, which will run on Google Gemini. Apart from talking to the user like humans, it will be able to perform many tasks like hands-free UPI payment and live translation.

The weight will be only 40 grams

Lenskart says that the smart glasses have been designed keeping comfort in mind and its weight will be only 40 grams. It is 20 percent lighter than many smart glasses already present in the market. The company says that it wants to create India’s first full-stack wearable ecosystem. For this, the company has invested in many technology startups.

Meta Ray-Ban Smartglasses will get competition

Lenskart’s B Smartglasses will give direct competition to Meta Ray-Ban Smartglasses. Ray-Ban Meta Gen 1 smartglasses are launching in India on November 21 and will be sold through Flipkart, Amazon and Reliance Digital. Meta AI has been integrated in it, so that users will be able to ask questions as well as control the features. Soon UPI Lite payment support will be added to it, through which it will be able to make payment up to Rs 1000 on voice command.

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Lenskart IPO: The IPO of eyewear company Lenskart Solutions Ltd received a tremendous response. This issue of Rs 7278 crore closed on 4 November. Now investors are keeping an eye on share allotment. Shares for this IPO, which opened on October 31, can be allotted on Thursday, November 6. On November 10, Lenskart shares will be listed on both NSE and BSE stock exchanges. After the shares are allotted, the Registrar will deposit the shares in the demat account of the successful applicants and those whose bets were not successful will be refunded the money by 7th November.

IPO got bumper response

According to NSE data, investors placed bids for 2,81,88,45,777 shares as against 9,97,61,257 shares offered through IPO. It was subscribed 28.26 times. Qualified institutional buyers led with 40.35 times subscription. After them, non-institutional investors stood second with 18.23 times subscription and retail investors stood third with 7.54 times subscription.

MUFG Intime India

• Visit the MUFG Intime website.
• Select Lenskart IPO from the ‘dropdown’.
• Click on any option like PAN, Application Number or DP/Client ID.
• Confirm your identity to verify your bid.
• Click on ‘Search’ to check allotment status.

How to check on BSE

• First of all go to BSE website.
• Select ‘Equity’ in Issue Type.
• Now select the name of the company.
• Enter PAN number and application number.
• On submission, the allotment status will appear on the screen.

How to check on NSE?

• First of all go to NSE website.
• Sign up with the help of PAN.
• Login by entering user name/password.
• Select NSE IPO in Equity.
• Select ‘Lenkart IPO’ from the dropdown menu.
• Enter your PAN and application number.
• Click on ‘Submit’ button
• The allotment status will appear on the screen.

through stockbroker

• Log in to your broking platform (Zerodha, Groww, Angel One etc.).
• Select Lenskart IPO in the IPO section.
• Enter PAN or application number.
• Allotment information will be visible on the screen.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Lenskart IPO: Today is the second day of the IPO of eyewear retailer Lenskart. Even on the second day, a lot of interest is being seen among investors regarding this. The issue has been fully subscribed on the first day. So far on the second day, almost 1.5 times (146 percent) has been booked.

According to data available on NSE at 11.15 am, bids were placed for more than 14.6 crore shares as against 9.98 crore shares of the company. Retail investors subscribed to it the most. They booked their reserved portion more than 2 times (224 percent). Qualified Institutional Buyers (QIBs) have subscribed 1.4 times (142 per cent) of the portion reserved for them, while Non-Institutional Investors (NIIs) have booked their entire portion (102 per cent).

When is the listing expected?

Lenskart Solutions’ IPO has both fresh issue and offer-for-sale. The company has launched its IPO to raise Rs 7278 crore by issuing fresh shares worth Rs 2150 crore and selling 12.75 crore shares under the OFS window. This IPO is open from 31st October.

Investors will be able to invest money in it till November 4. At the price band of Rs 382-402 per share, the company wants a valuation of around Rs 70,000 crore. Investors will be able to bid for a minimum of 37 shares, for which an investment of Rs 14,874 is required and then will be able to bid in multiples thereof. The shares can be allotted on November 5 and the listing is expected on the stock exchanges on November 10.

How much is GMP?

The latest gray market premium (GMP) for Lenskart Solutions’ IPO is Rs 85, which is 21.14% higher than the issue price of Rs 402. This shows that the IPO can be listed on the stock exchanges at around Rs 487. Before the opening of the IPO, GMP was around 11.9 percent and now it has increased to beyond 21 percent, which is an indication of the enthusiasm among investors about the company.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Lenskart IPO: The IPO of Lenskart, a famous company manufacturing eye wear products, is ready to be launched tomorrow i.e. on 31st October. Bids for investment in this can be made till November 4. The issue size of the IPO is Rs 7,278.02 crore. The price band for the IPO has been fixed at Rs 382-402 per share.

5.35 crore equity shares worth Rs 2,150 crore will be issued in the IPO and about 12.8 crore equity shares will be sold through OFS. Equity shares of Lenskart Solutions will be listed on both the stock exchanges BSE and NSE. The date of IPO listing has been fixed as November 10, 2025. Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global and Intensive Fiscal are the book running lead managers for the IPO, while MUFG Intime India Pvt Ltd is the IPO registrar.

What is the GMP of IPO?

Lenskart’s IPO has made a huge entry in the gray market even before its opening. Its gray market premium (GMP) remains strong. Today its gray market premium (GMP) is Rs 70 per share. That means in the gray market its shares are trading at Rs 70 per share more than its IPO price.

With the announcement of the price band on Monday, a spectacular rise in its GMP was seen in the gray market. Even that day, the shares were trading at a premium of Rs 75, which represents an increase of 18.66 percent compared to the upper price band of the IPO of Rs 402. Lenskart is the fourth largest IPO of this year so far. Before this, companies like Tata Capital, HDB Financial Services and LG Electronics have launched their IPOs.

Promoter Neha Bansal sold her share

Meanwhile, Neha Bansal, one of the promoters of Lenskart Solutions, has sold 0.15 per cent stake at a value of Rs 100 crore to two schemes of SBI Mutual Fund in a pre-IPO offer. This transaction took place at the upper price band of IPO at Rs 402 per share. Before this transaction, Neha had 7.61 percent stake in the company and now after transferring 2.5 lakh equity shares to the mutual fund, her stake in the company is now 7.46 percent.

With this transaction, SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) invested at a transfer price of Rs 402 per equity share. The company bought 870,646 shares or 0.05 percent stake of Lenskart, while SBI Emergent Fund bought 16,16,915 shares or 0.10 percent stake. Earlier, on October 23, well-known investor and DMart founder Radhakishan Damani invested about Rs 90 crore in Lenskart through a pre-IPO transaction. According to media reports, Neha Bansal married Srikant R. 2,238,806 equity shares were sold to Damani.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Lenskart IPO: Draft Red Herring Prospectus (DRHP) of ievier retailer Lenskart has been approved by the market regulator SEBI. With this, the way to bring its IPO has also been cleared. According to the Moneycontrol report, the size of the IPO is Rs 2150 crore. This includes both the Fresh Issues as well as the offer for sale (OFS), in which the company’s current investors and founders will sell shares worth Rs 13.23 crore.

Piyush Bansal will sell 2 crore shares

Through IPO, Lenskart co-founder Piyush Bansal, Neha Bansal, Amit Chaudhary and Sumit Kapahi will sell their stake in the company. In addition, SVF II Lightbalb (Cayman) Limited, Shroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund-II, Macrichie Investments Private Limited, Kedara Capital Fund II LLP and Alfa Way Veters LP can also sell their share under the Window. In the IPO, Lenskart CEO and Promoter Piyush Bansal will sell 2 crore shares.

In which work will be the use of money?

The draft prospectus filed in July 2025 stated that the company will use 272.6 crores raised from the fresh issue of 272.6 crores, will be used for the new COCO (company owned, operated by the company) store and use 591.4 crores for lease, rented payment and license expenses. Lenskart made his debut as an online eyewear retailer, but gradually extending its scope, it opened its branded showrooms across the country and entered the retail segment.

Apart from this, 213.4 crore will be kept for technology and cloud infrastructure, while 320 crore will be for brand marketing and promoter activities. The remaining amount is expected to fulfill inorganic acquisition and general corporate purposes.

The company earned more than 6000 revenue

In the business year 2025, Lenskart’s operational revenue increased by 22.5 percent to 6,652.5 crore, which was 5,427.7 crore last year. During this time, the company recorded a net profit of Rs 297.34 crore against the loss of Rs 10.15 crore in 2024. Ebitda also reached 971 crore, which is more than 672 crores from a year ago.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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Lenskart IPO: The Ivier Retailer Lenskart plans to raise Rs 8500 crore i.e. about 1 billion dollars through the IPO. Lenskart Solutions has filed an application for IPO on the stock exchange on Monday. Under this proposed IPO, the company will issue new shares up to Rs 2150 crore (about $ 25 million). Along with this, the current shareholders will be able to sell their shares through the offer for sale (OFS). The company is trying to listed in the stock market by the end of this year.

Founder and investor

Lenskart was founded by Amit Chaudhary, Piyush Bansal, Neha Bansal and Sumit Kapahi. The company has invested in this company by prominent investors like Temasake, Alphevev Global, SoftBank, KKR, Kedara Capital and TPG.

India’s leading ievier brand

Lenskart is a major iwear brand of India. It has about 2000 physical stores across the country, and it is also active online. Recently it has officially become a public company. In the board meeting held on May 30, the special proposal was passed to change the name of the company from Lenskart Solutions Private Limited to Lenskart Solutions Limited.

Great growth in revenue

Lenscart’s revenue in the financial year 2023 was $ 44.3 million, which increased to $ 64.5 million in the financial year 2024 – ie an annual growth of 46%. The company is expected to have a revenue of $ 75.5 million in the financial year 2025, which will increase by about 17% compared to the previous year. Lenskart was started by Piyush Bansal in 2010, he is still the CEO of this company. India’s eyewear company Lenskart sells contract lenses as well as contract lenses.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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