Lenskart Solutions Limited informed the Exchange about the Monitoring Agency Report for the quarter ended March 31, 2026
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Lenskart Solutions Limited submitted its quarterly Monitoring Agency Report filed by CARE Ratings Limited covering utilization of Rs. 2,150 crore IPO proceeds. During Q4 FY2026 (January-March 2026), the company deployed Rs. 127.06 crore towards stated objects, including Rs. 42.08 crore for store lease/rent payments, Rs. 38.06 crore for advance tax payments under GCP, Rs. 21.32 crore for offer-related expenses, Rs. 10.50 crore for new store setup, Rs. 8.89 crore for technology investments, and Rs. 6.22 crore for marketing. Total cumulative utilization stands at Rs. 177.06 crore. The remaining Rs. 1,972.94 crore is primarily deployed in fixed deposits with ICICI Bank (Rs. 500.10 crore), HDFC Bank (Rs. 500.10 crore), and Axis Bank (Rs. 700 crore), with Rs. 4.79 crore idle cash. CARE Ratings confirmed no material deviations from the offer document objectives, and actual deployment matches estimated deployment for FY26.
This is a routine compliance filing showing the IPO funds are being deployed as planned with no deviations. The substantial unutilized balance (92% of IPO proceeds) parked in fixed deposits earning 6.4-6.85% return is positive for capital preservation. Shareholders can be reassured that the eyewear retail expansion plans (new CoCo stores, technology upgrades, brand marketing) are on track per the prospectus timeline through November 2028.