1,087 Views| 03 Oct 2026
Dynamic Eyewear India IPO Details
Issue Date
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Price Band
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Lot Size
-- Shares
IPO Size
N/A
Listing At
NSE
Overall Subscription
--x
About Dynamic Eyewear India IPO
The public issue of Dynamic Eyewear India, an SME IPO, opens on TBA and closes on TBA. The basis of allotment is expected to be finalised on TBA. Shares will be credited to the eligible investors' demat accounts on TBA, while refunds, if any, will be initiated on the same day. The listing of shares is scheduled for TBA on the NSE SME platform.
The IPO comprises a fresh issue and an offer for sale. The fresh issue consists of up to 28,00,000 equity shares aggregating up to ₹TBA crore. The offer for sale comprises up to 3,10,000 equity shares aggregating up to ₹TBA crore by the selling shareholders. The total issue consists of up to 31,10,000 equity shares aggregating up to ₹TBA crore.
Dynamic Eyewear India’s IPO price band is fixed at ₹TBA to ₹TBA per share. The minimum application size is a TBA lot. The minimum investment required for retail investors is ₹TBA. The minimum investment required for HNI investors is ₹TBA.
Dynamic Eyewear India commenced its operations in 2017 and has established itself as a business-to-business (‘B2B’) company engaged in the designing, marketing, distribution and sale of premium eyewear products comprising optical frames, sunglasses and related accessories. It caters to the premium and luxury eyewear segment through a diversified portfolio of internationally recognised licensed brands, proprietary/owned brands and white label products.
Objectives Of Dynamic Eyewear India IPO
- Funding of working capital requirements of the company.
- Brand marketing and business promotion expenses for enhancing brand awareness.
- General corporate purpose.
- Offer-related expenses.
Dynamic Eyewear India IPO Valuation
Details | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 28,00,000 equity shares (aggregating up to ₹TBA crore) |
Offer for Sale | Up to 3,10,000 equity shares (aggregating up to ₹TBA crore) |
EPS Diluted (in ₹) for FY26 | 10.04 |
Share Offer And Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Bidders (NIBs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (Retail) (Min) | TBA | TBA | TBA |
Individual investors (Retail) (Max) | TBA | TBA | TBA |
S-HNI (Min) | TBA | TBA | TBA |
S-HNI (Max) | TBA | TBA | TBA |
B-HNI (Min) | TBA | TBA | TBA |
Industry Outlook
India represents one of the fastest-growing eyewear markets globally, driven by increasing awareness regarding eye health, rising incidence of refractive errors, changing consumer preferences and rapid growth in organised optical retail.
Historically, the Indian eyewear market was largely dominated by the unorganised sector. However, increasing consumer preference for branded products, superior quality standards, fashionable designs and international brands has accelerated the transition towards organised retail.
India’s eyewear market continues to grow at a pace faster than the GDP, driven by rising screen time, lifestyle changes, urbanisation, and increasing awareness of eye health. The India eyewear market size reached USD 11.09 billion in 2025 and is projected to reach USD 20.86 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 6.66% during 2026-2034. Rising vision disorder incidence, growing fashion consciousness, e-commerce expansion and digital eye strain awareness are the primary forces driving market growth.
About Dynamic Eyewear India
Dynamic Eyewear India is engaged in the designing, marketing, distribution and sale of premium eyewear products. These comprise optical frames, sunglasses and related accessories. The company's product portfolio covers a wide spectrum of premium consumers, with products having a maximum retail price (‘MRP’) ranging from approximately ₹1,350 to ₹50,000 per frame. However, it is not engaged in the manufacture or sale of prescription lenses or prescription eyeglasses.
Over the years, the company has developed long-standing relationships with internationally recognised eyewear brand owners’ authorised licensors, enabling it to build a diversified portfolio of premium lifestyle and fashion eyewear brands. Its portfolio presently includes internationally recognised brands such as United Colors of Benetton, Hackett, Ted Baker and Sunday Somewhere, amongst others.
Dynamic Eyewear India also undertakes product design and development under white label and private label arrangements for leading eyewear companies in India.
Strengths Of Dynamic Eyewear India
- In-house design and development of product.
- Established portfolio of international licensed brands through their licensors for distribution and marketing in India.
- Asset-light operating model.
- Long-term relationship with large brands.
- Pan-India distribution network.
- Highly experienced team
Risks of Dynamic Eyewear India
- Dependence on third-party manufacturers.
- Import dependency.
- Dependence on exclusive distribution and marketing arrangements.
- Fluctuation of foreign currency rate.
- Working capital intensive operations.
- Fashion-driven product portfolio.
Dynamic Eyewear India Financials
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Year | Year Data |
|---|---|
FY24 | 34.37 |
FY25 | 33.74 |
FY26 | 38.5 |
Peer Comparison
Company Name | Revenue from Operations (Cr) | P/E Ratio | EPS (Diluted) (₹) | Book Value (₹) |
|---|---|---|---|---|
Dynamic Eyewear India | 38.50 | - | 10.04 | 22.92 |
Lenskart Solutions | 8814.04 | 185.27 | 2.91 | 50.32 |
Yash Optics and Lens | 53.99 | 32.05 | 3.65 | 40.16 |
Note: The company has identified listed peers operating in a similar line of business for broad comparison purposes.
The financial results of Dynamic Eyewear India Limited and Lenskart Solutions Limited are presented on a consolidated basis, while the financial results of Yash Optics and Lens Limited are presented on a standalone basis, as disclosed in the respective financial statements.
Source – All the financial information for listed industry peers mentioned above is sourced from Financial Results/ Draft Red Herring Prospectus of the company for the year ended 31 March 2026 and stock exchange data dated 20 July 2026 to compute the corresponding financial ratios.
(ii) For the company, they have taken Current Market Price as the issue price of equity share. Further, the P/E Ratio is based on the current market price of the respective scrips.
(iii) The EPS, NAV, RoNW and total Revenue of the company are taken as per the Restated Financial Statement for FY 2026.
(iv) NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on 31 March 2026.
(v) RoNW has been computed as net profit after tax divided by closing net worth.
(vi) Net worth has been computed in the manner specified in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.
(vii) The face value of Equity Shares of the Company is ₹ 10/- per Equity Share, and the Issue price is [-] times the face value of an equity share.
Anchor Investor Bidding Date
TBA
Registrar and Book Running Lead Manager
Registrar Details
Skyline Financial Services Private Limited
Email: ipo@skylinerta.com
Telephone: 011 40450193 197
Book Running Lead Manager
Horizon Management Private Limited
Email: smeipo@horizon.net.co
Telephone: +91 334 600 0607
Dynamic Eyewear India Contact Details
8/1, Lalbazar Street, Bikaner Building, Lalbazar (Kolkata), Kolkata – 700 001,
West Bengal, India.
E-mail: info@dynamiceyewear.co.in
Telephone: +91 033 2262 8114
Dynamic Eyewear India Business Model
Dynamic Eyewear India operates a diversified business model comprising three verticals: international eyewear brands, its own brands and white-label product development. This enables the company to cater to a wide range of customer segments across different price points while reducing its dependence on any single brand, customer category or revenue stream.
Dynamic Eyewear India Growth Trajectory
The total income of Dynamic Eyewear India grew from ₹36.67 crore in FY24 to ₹39.62 crore in FY26. Its profit rose from ₹3.39 crore in FY24 to ₹8.08 crore in FY26, while EBITDA saw a rise from ₹7.90 crore in FY24 to ₹13.18 crore in FY26.
Dynamic Eyewear India Market Position
Commencing operations in 2017, the company's products are marketed across India through an extensive distribution network comprising C&F, distributors, optical retailers, organised retail chains and authorised sales partners.
Over the years, the company has developed long-standing relationships with internationally recognised eyewear brand owners’ authorised licensors, enabling it to build a diversified portfolio of premium lifestyle and fashion eyewear brands.
Dynamic Eyewear India Profit and Loss Statement (In ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 39.62 | 39.19 | 36.67 |
Profit Before Tax | 10.85 | 8.10 | 5.08 |
Profit After Tax | 8.08 | 5.88 | 3.39 |
EPS (Diluted) in ₹ | 10.04 | 7.36 | 339.44 |
EBITDA | 13.18 | 11.58 | 7.90 |
Dynamic Eyewear India Balance Sheet (In ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Profit Before Tax | 10.85 | 8.10 | 5.08 |
Net Cash from Operating Activities | 5.52 | 6.44 | (3.85) |
Net Cash from Investing Activities | (0.15) | 4.45 | (1.61) |
Net Cash from Financing Activities | (4.57) | (10.60) | 5.83 |
Cash & Cash Equivalents | 1.54 | 0.734 | 0.445 |
Note: () denotes negative
How To Apply for Dynamic Eyewear India IPO?
- Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Dynamic Eyewear India IPO FAQs
The Dynamic Eyewear India IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].
The Dynamic Eyewear India IPO will open for subscription on [-] and will close on [-] for investors.
The lot size of Dynamic Eyewear India IPO is null equity shares, requiring a minimum investment of [-] for retail investors applying in the IPO.
The price band of the Dynamic Eyewear India IPO has been fixed at ₹[-] per equity share.
You can apply for the Dynamic Eyewear India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Dynamic Eyewear India IPO allotment will take place on [-].
You can check the Dynamic Eyewear India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Dynamic Eyewear India shares will list on the stock exchanges on [-].
You can find detailed information about the Dynamic Eyewear India IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
As per the DRHP, Hiren Meghani is the Managing Director of Dynamic Eyewear India.
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This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
