Lenskart Solutions Limited has submitted its Monitoring Agency Report for the quarter and half-year ended September 30, 2026. The report, prepared by CARE Ratings Limited, details the utilization of funds raised through its Initial Public Offer (IPO). Lenskart utilized ₹165.95 crore towards the objects of the issue during this period, out of the total IPO proceeds of ₹2150 crore.
| Date of Announcement | November 11, 2026 |
| Reporting Period | Quarter and half-year ended September 30, 2026 |
| Monitoring Agency | CARE Ratings Limited |
Monitoring Agency Report Details
Lenskart Solutions Limited has formally communicated its compliance with SEBI regulations by submitting a Monitoring Agency Report. This report covers the utilization of proceeds from its Initial Public Offer (IPO) for the period ending September 30, 2026. The report was reviewed and approved by the Company’s Audit Committee on November 4, 2026.
Financial Utilization Insights
According to the report, Lenskart Solutions Limited has utilized ₹165.95 crore towards the stated objects of the issue during the quarter ended September 30, 2026. This utilization is a part of the total IPO proceeds amounting to ₹2,150 crore. The company has provided detailed breakdowns of expenditure across various objects, including capital expenditure for new stores, lease/rent agreements, technology investments, brand marketing, and unidentified inorganic acquisitions.
Key Financial Highlights for the Quarter:
- Capital expenditure towards set-up of new CoCo stores in India: ₹20.03 crore utilized during the quarter, bringing the total utilized amount to ₹60.13 crore.
- Expenditure for lease/rent/license agreements for CoCo stores: ₹43.39 crore utilized during the quarter, with a cumulative utilization of ₹128.86 crore.
- Investing in technology and cloud infrastructure: ₹16.42 crore utilized during the quarter, totaling ₹49.25 crore utilized to date.
- Brand marketing and business promotion expenses: ₹24.62 crore utilized during the quarter, amounting to ₹73.86 crore utilized cumulatively.
- Unidentified inorganic acquisitions and general corporate purposes: ₹52.55 crore utilized during the quarter, bringing the total utilized amount to ₹157.65 crore.
- Offer related expenses: ₹8.94 crore utilized during the quarter, with a cumulative utilization of ₹59.97 crore.
The report also provides details on the deployment of unutilized proceeds, including investments in fixed deposits and other instruments. The company has confirmed that implementation of objects has been ongoing as per the offer document timelines.
Source: BSE
