Description

BSE circular detailing the listing of 1,73,48,70,187 equity shares of Lenskart Solutions Limited with lock-in periods and distinctive number ranges.

Summary

BSE has listed 1,73,48,70,187 fully paid-up equity shares of Lenskart Solutions Limited in demat form effective November 6, 2025. The listing includes various categories of shares with different lock-in periods ranging from 30 days to 18 months, with a substantial portion of shares subject to lock-in restrictions until May 2026 and May 2027.

Key Points

  • Total equity shares listed: 1,73,48,70,187 (all in demat form)
  • Listing date: November 6, 2025
  • Registered Office: Plot No. 151, Okhla Industrial Estate, Phase III, New Delhi – 110 020
  • Company Secretary: Preeti Gupta (Membership No.: A29209)
  • All shares are fully paid-up and in dematerialized form
  • Multiple tranches with varying lock-in periods
  • Significant portion of shares under lock-in until May 2026 and May 2027

Lock-in Details

Anchor Investor Lock-in (30 days - December 5, 2025)

  • 1,40,47,479 equity shares (Distinctive Nos. 1 to 1,40,47,479)
  • 2,66,03,692 equity shares (Distinctive Nos. 1,68,13,74,283 to 1,70,79,77,974)

Anchor Investor Lock-in (90 days - February 3, 2026)

  • 1,40,47,527 equity shares (Distinctive Nos. 1,40,47,480 to 2,80,95,006)
  • 2,66,03,714 equity shares (Distinctive Nos. 1,70,79,77,975 to 1,73,45,81,688)

Lock-in until May 7, 2026

  • 7,55,29,150 equity shares (Distinctive Nos. 12,75,62,574 to 20,30,91,723)
  • 68,58,43,246 equity shares (Distinctive Nos. 53,67,40,747 to 1,22,25,83,992)
  • 5,66,53,127 equity shares (Distinctive Nos. 1,36,32,32,543 to 1,41,98,85,669)
  • 22,94,08,079 equity shares (Distinctive Nos. 1,42,80,20,703 to 1,65,74,28,781)

Lock-in until May 7, 2027

  • 17,51,91,277 equity shares (Distinctive Nos. 36,15,25,840 to 53,67,17,116)
  • 14,06,48,550 equity shares (Distinctive Nos. 1,22,25,83,993 to 1,36,32,32,542)
  • 81,35,033 equity shares (Distinctive Nos. 1,41,98,85,670 to 1,42,80,20,702)
  • 2,38,56,001 equity shares (Distinctive Nos. 1,65,74,28,782 to 1,68,12,84,782)

Not Under Lock-in

  • 9,94,67,567 equity shares (Distinctive Nos. 2,80,95,007 to 12,75,62,573)
  • 15,11,53,685 equity shares (Distinctive Nos. 20,30,91,724 to 35,42,45,408)
  • 72,80,431 equity shares - Lenskart ESOP Trust (Distinctive Nos. 35,42,45,409 to 36,15,25,839)
  • 23,630 equity shares - ESOP employees (Distinctive Nos. 53,67,17,117 to 53,67,40,746)
  • 89,500 equity shares - AIF (Distinctive Nos. 1,68,12,84,783 to 1,68,13,74,282)
  • 2,88,499 equity shares (Distinctive Nos. 1,73,45,81,689 to 1,73,48,70,187)

Regulatory Exemptions

  • ESOP Employees: 113,130 equity shares held by eligible employees (allotted under ESOP schemes as of November 4, 2025) are not under lock-in
  • ESOP Trust: 7,280,431 equity shares held by Lenskart ESOP Trust as of November 4, 2025 are not under lock-in
  • AIF Exemption: Equity shares held by Alternative Investment Funds (AIF) as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, Regulation 17(c) are not under lock-in

Important Dates

  • Listing Date: November 6, 2025
  • Prospectus Date: November 4, 2025
  • 30-day Lock-in Expiry: December 5, 2025 (Anchor Investors - Tranche 1)
  • 90-day Lock-in Expiry: February 3, 2026 (Anchor Investors - Tranche 2)
  • 6-month Lock-in Expiry: May 7, 2026 (Multiple tranches)
  • 18-month Lock-in Expiry: May 7, 2027 (Multiple tranches)

Impact Assessment

Market Impact: The listing of Lenskart Solutions Limited represents a significant addition to BSE’s equity market. With over 173 crore shares listed, this is a major IPO that will impact market capitalization and trading volumes.

Liquidity Considerations: A substantial portion of the shares are under lock-in restrictions, which will significantly limit the free float available for trading in the initial months. The staggered lock-in release dates (December 2025, February 2026, May 2026, and May 2027) will gradually increase liquidity over 18 months.

Investor Categories: The listing includes diverse investor categories including anchor investors, promoters/early investors (long lock-ins), ESOP beneficiaries, and AIFs with varying lock-in requirements, reflecting a well-structured IPO allocation.

Compliance: Lock-in details are provided as per pages 193-196 of the Company’s Prospectus and comply with SEBI (ICDR) Regulations, 2018.

Impact Justification

Major IPO listing of Lenskart Solutions Limited with significant share count and multiple lock-in periods affecting trading liquidity