Eyewear brand Lenskart is all set to hit the stock market with its much-awaited initial public offering (IPO) in early November 2025. The company aims to raise about ₹8,000 crore, valuing it between $8–10 billion, making it one of India’s biggest IPOs of the year.
Lenskart IPO Details
Lenskart has already received approval from SEBI to launch the issue.
The IPO will include:
- A fresh issue worth around ₹2,150 crore.
- An offer for sale (OFS) by early investors and promoters, selling nearly 13.2 crore shares.
How Peyush Bansal Built Lenskart
Peyush Bansal is the co-founder and CEO of Lenskart. He studied Electrical Engineering at McGill University and worked at Microsoft before starting Lenskart in 2010. Under his leadership, the company has grown to over 2,000 stores in India and integrated online and offline sales. Ahead of the IPO, Bansal repurchased a 2.5% stake for ₹222 crore, strengthening his ownership. He is also known for investing in startups on “Shark Tank India.”
Company Performance
In FY25, Lenskart’s revenue rose to around ₹6,652 crore, compared to ₹5,428 crore in FY24. The company also turned profitable, reporting a net profit of ₹297 crore, after posting a small loss last year.
Lenskart operates both online and through more than 2,000 stores across India, following an omnichannel business model. The company converted to a public limited entity earlier this year to prepare for its stock market debut.
Use of Funds
Money raised from the IPO will be used for:
- Opening new company-owned stores in India.
- Paying store rentals and other lease expenses.
- Investing in technology and infrastructure.
- Brand marketing and promotions.
Investor Buzz
Market experts say the Lenskart IPO could see strong investor interest. Shares in the grey market are already being traded at a premium, hinting at a possible $10 billion valuation.
Lenskart recently raised ₹430 crore in a pre-IPO round from investors like Radhakishan Damani (DMart) and SBI Mutual Fund, showing growing confidence in the company’s business.
Interesting Disclosure
In its IPO filing, Lenskart mentioned that one of its co-founders, Sumeet Kapahi, was unable to find his Delhi University degree and mark sheets a small but curious detail that caught media attention.
Final Word
With strong growth, improving profits, and solid investor backing, Lenskart’s IPO is shaping up to be one of the most awaited listings of 2025. The company’s success on listing day will depend on overall market sentiment and its ability to sustain rapid expansion.
For detailed information on the upcoming Lenskart IPO, including issue dates, pricing, and lot sizes, visit:
