Lenskart Solutions Limited has informed the Exchange about Monitoring Agency Report for the quarter ended December 31, 2025
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Lenskart has filed its first Monitoring Agency Report from CARE Ratings on the use of IPO proceeds (fresh issue of Rs. 2,150 crore raised between November 10 and December 31, 2025). During the quarter, the company utilized only Rs. 50 crore out of the Rs. 2,150 crore raised, leaving Rs. 2,100 crore unutilized. Of the amount used, Rs. 18.40 crore went to brand marketing, Rs. 14.50 crore to general corporate purposes (advance tax), Rs. 9.58 crore to setting up new Coco stores, and Rs. 7.52 crore to technology and cloud infrastructure. The remaining Rs. 2,030.10 crore is parked in fixed deposits across ICICI, HDFC, Yes Bank, and Axis Bank earning 6.20%–6.81% interest, with Rs. 69.38 crore sitting in the public issue account. No deviations from the stated objects were reported, and deployment is on track as per the prospectus schedule ending November 2028.
This is a routine regulatory disclosure confirming IPO funds are being used as planned, with no signs of misuse or major delays. The low utilization (only ~2.3% of proceeds) in the first quarter is normal for a recently listed company, and parking unutilized funds in bank FDs provides modest interest income. Minimal direct impact on stock price; reassures investors about disciplined deployment of IPO money.