Eyewear giant Lenskart Solutions, backed by marquee global investors such as SoftBank, ADIA, Temasek, and Kedaara Capital, is all set to launch its highly anticipated ₹7,278 crore initial public offering (IPO) on October 31, 2025. The issue is expected to value the company at around ₹72,719 crore, highlighting one of the most significant listings in India’s consumer tech and retail space this year.
IPO Timeline and Key Details
According to the Red Herring Prospectus (RHP) filed on October 25, the anchor book will open for subscription on October 30, followed by the public issue, which will remain open from October 31 to November 4.
The basis of allotment will be finalised on November 6, and trading on the BSE and NSE is expected to commence from November 10.
The IPO is being jointly managed by a consortium of top investment banks, including:
- Kotak Mahindra Capital Company
- Morgan Stanley India Company
- Avendus Capital
- Citigroup Global Markets India
- Axis Capital
- Intensive Fiscal Services
These institutions will serve as the book-running lead managers for the offering.
Offer Structure: Fresh Issue and OFS Breakdown
Lenskart’s IPO will include:
- A fresh issue of equity shares worth ₹2,150 crore, aimed at business expansion and debt reduction.
- An offer for sale (OFS) of 12.75 crore shares, allowing existing investors and promoters to partially or fully exit their holdings.
Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will participate in the OFS, alongside major investors such as SoftBank’s SVF II Lightbulb (Cayman), Schroders Capital, PI Opportunities Fund, MacRitchie Investments, Kedaara Capital Fund, and Alpha Wave.
Notably, Schroders Capital Private Equity Asia Mauritius will make a complete exit, selling its entire 1.9 crore shares (1.13% stake) during the IPO.
Strong Financial Turnaround
Lenskart showcased a major financial recovery in FY2025, reporting a net profit of ₹297.3 crore, a sharp rebound from a loss of ₹10.1 crore in FY2024. The company’s revenue surged 22.6% year-on-year to ₹6,652.5 crore, up from ₹5,427.7 crore in the previous fiscal.
In the June 2025 quarter, the momentum continued — profit stood at ₹61.2 crore, compared to a loss of ₹11 crore in the same quarter last year. Quarterly revenue rose 24.6% to ₹1,894.5 crore, reflecting growing demand across both online and offline platforms.
Expanding Market Footprint
Positioned as India’s largest organised retailer of prescription eyewear by volume, Lenskart has built a strong omnichannel presence through its vast retail network and online platform. The upcoming IPO marks a strategic milestone in its evolution from a tech-driven startup to a publicly listed global eyewear brand.
Summary:
Lenskart Solutions is set to open its ₹7,278 crore IPO on October 31, aiming for a ₹72,719 crore valuation. The offering comprises a ₹2,150 crore fresh issue and a 12.75 crore-share OFS, with global investors like SoftBank and Temasek among the participants. After turning profitable in FY25 with a ₹297 crore net profit, the IPO represents a pivotal moment for the eyewear leader as it scales its business both in India and internationally.
Disclaimer:
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