Eyewear retailer Lenskart Solutions will launch its initial public offering on October 31, 2025, aiming to raise ₹7,278 crore through a combination of fresh equity and an offer for sale. The three-day subscription window will close on November 4, with shares expected to list on BSE and NSE on November 10.
The IPO comprises a fresh issue of ₹2,150 crore and an offer for sale of 13.22 crore shares. The price band has been set at ₹382-402 per share, with a minimum application size of 37 shares. Qualified institutional buyers have been allocated 75 per cent of the issue, while retail investors can subscribe to 10 per cent. Eligible employees will receive a ₹19 discount per share.
Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will offload shares alongside investors including SoftBank’s SVF II Lightbulb, Kedaara Capital, and KKR’s MacRitchie Investments. Founder Peyush Bansal, who holds a 10.3 per cent stake, is set to sell 2.05 crore shares, potentially earning over ₹785 crore at the upper price band.
DMart founder Radhakishan Damani invested approximately ₹90 crore in Lenskart during a pre-IPO funding round, signaling confidence in the company’s growth trajectory.
Lenskart plans to deploy the fresh capital across five key areas: ₹273 crore for setting up new company-owned stores, ₹591 crore for lease and rental payments, ₹213 crore for technology and cloud infrastructure, and ₹320 crore for brand marketing. The remaining funds will support potential acquisitions and general corporate purposes.
The company reported strong financial performance in FY25, posting revenues of ₹7,009 crore and a profit of ₹297 crore, compared to a ₹10 crore loss in FY24. In Q1FY26, revenue grew 24.6 per cent year-on-year to ₹1,894 crore with a profit of ₹61 crore.
Founded in 2010, Lenskart operates over 2,000 stores across India and has expanded into Southeast Asia and the Middle East, serving approximately one crore customers. The IPO is managed by Kotak Mahindra Capital, Morgan Stanley India, Axis Capital, Citigroup, and Avendus Capital.