India's leading eyewear retailer, Lenskart Solutions, is gearing up for its initial public offering (IPO), slated to open on October 31. The highly anticipated IPO aims to raise ₹7,278 crore, reflecting. The company's ambition to achieve a valuation of approximately ₹69,500 crore. This significant market event has already garnered strong investor interest, with Avenue Supermarts (DMart) founder and. Billionaire investor Radhakishan Damani injecting ₹90 crore in pre-IPO funding, signaling strong confidence in Lenskart's growth prospects. The offering represents a pivotal moment for the company, which has transformed the Indian eyewear landscape since its inception.
Structure and Key Investors in the Offering
The Lenskart IPO is structured as a combination of a fresh issue of shares and an Offer for Sale (OFS) by existing investors, while the company plans to issue new shares worth ₹2,150 crore, which will inject fresh capital into its operations. Concurrently, major existing investors, including global investment giants Softbank and Temasek, are. Set to divest a significant portion of their holdings, offering approximately 12. 8 crore equity shares through the OFS route. This dual approach allows Lenskart to raise funds for its future expansion while also providing an exit opportunity for early investors to realize returns.
Pricing and Important Dates for Investors
The price band for Lenskart's IPO has been fixed between ₹382 and ₹402 per equity share, providing a clear valuation range for potential investors, while institutional investors, particularly anchor investors, will have the opportunity to place their bids on October 30, a day before the main subscription opens to the public. Following the bidding process, the allotment of shares is scheduled for November 6, with the much-anticipated listing of Lenskart's shares on the stock exchanges expected to occur on November 10. These dates are crucial for investors looking to participate in this major market event.
Strategic Utilization of IPO Proceeds
The capital raised from the fresh issue component of the IPO will be strategically deployed to fuel Lenskart's aggressive growth plans. A significant portion of the funds is earmarked for capital expenditure to. Establish new company-operated (CoCo) stores across India, further expanding its physical footprint. Also, Lenskart intends to invest heavily in advancing its technology and cloud infrastructure, enhancing its online capabilities and operational efficiency, while the company will also allocate funds towards brand awareness campaigns and business promotion to strengthen its market position, and reserves a portion for potential inorganic acquisitions to accelerate its expansion.
Lenskart's Evolution and Market Leadership
Founded in 2010 as a pioneering online eyewear business, Lenskart has rapidly evolved into India's foremost omnichannel eyewear chain. Its innovative business model, combining a strong online presence with an extensive network of physical stores, has been instrumental in its success, while as of September 10, Tracxn data pegged the company's valuation at an impressive $6. 1 billion. Lenskart boasts a formidable retail presence, with 2,067 stores across metros, Tier-1, and Tier-2 cities in India, complemented by 656 international stores in Southeast Asia and the Middle East, underscoring its widespread reach and market dominance.
Solid Financial Performance and Future Prospects
Lenskart has demonstrated a remarkable financial turnaround, reporting a net profit of ₹297 crore in the financial year 2025 (FY25), a significant improvement from a loss of ₹10 crore in the preceding financial year (FY24), while this impressive swing to profitability highlights the company's operational efficiency and scaling capabilities. Plus, its revenue surged by 22% year-on-year, reaching ₹6,625 crore, indicating strong underlying business growth. With a solid financial footing and strategic plans for expansion, Lenskart is well-positioned to capitalize on the burgeoning Indian and international eyewear markets, promising a bright outlook for its future.
