Lenskart, the popular eyewear retailer, is set to make its debut on the Indian stock market with an Initial Public Offering (IPO) scheduled to open on October 31, 2025. The company aims to raise Rs 2,150 crore through fresh share issuance, while promoters and existing investors plan to sell 12.75 crore shares in an offer for sale.

IPO Details

Pre-IPO Investment

In a significant development, billionaire investor Radhakishan Damani has invested Rs 90 crore in Lenskart through a pre-IPO round. This move adds Damani to the list of high-profile backers, which already includes SoftBank, Temasek, Kedaara Capital, and Alpha Wave Ventures.

Company Overview

Founded in 2008 by Peyush Bansal, Lenskart has grown into a major player in the eyewear retail sector. The company currently operates over 2,500 stores across India, the Middle East, and Southeast Asia.

Financial Performance

Lenskart's financial performance has shown significant improvement:

IPO Proceeds Utilization

The funds raised from the IPO will be allocated towards:

1. Store expansion
2. Technology infrastructure enhancement
3. Marketing initiatives
4. Potential acquisitions

Market Position

With an expected valuation of nearly Rs 70,000 crore, Lenskart's IPO is poised to be the fourth-largest public issue of 2025. This valuation reflects the company's strong market position and growth potential in the eyewear retail sector.

Investors and market watchers will be closely monitoring this IPO, given Lenskart's rapid expansion and improved financial performance. The company's ability to turn a profit in FY25, coupled with its impressive store network and backing from notable investors, makes it an interesting prospect in the Indian retail landscape.

Eyewear retailer Lenskart is gearing up for a significant market debut with plans to launch its ₹8,000 crore initial public offering (IPO) in early November. This move positions Lenskart's IPO as the fourth-largest issue, following Tata Capital, HDB Financial Services, and LG Electronics.

IPO Details

• Expected Launch: First week of November
• Price Band Announcement: Expected by end of October
• Total Issue Size: ₹8,000.00 crore
• Fresh Issue: ₹2,150.00 crore
• Offer for Sale: Up to 13.23 crore equity shares

Key Stakeholders Participating in Offer for Sale

• Peyush Bansal (Promoter)
• Neha Bansal (Promoter)
• Amit Chaudhary
• Sumeet Kapahi
• Various private equity firms

Lead Book-Running Managers

• Kotak Mahindra Capital
• Morgan Stanley
• Citi
• Avendus
• Axis Capital

Financial Performance

Lenskart has shown significant improvement in its financial performance, as evidenced by the following table:

The company's transition from a net loss to a substantial profit, coupled with a notable increase in revenue, demonstrates strong financial growth leading up to the IPO.

Market Impact

As one of the largest IPOs, Lenskart's public offering is likely to attract significant attention from both institutional and retail investors. The company's improved financial performance and the growing eyewear market in India could be key factors driving investor interest.

The success of this IPO could potentially set the tone for other retail and e-commerce companies looking to go public in the near future. Investors and market analysts will be closely watching how the market receives Lenskart's offering, as it could provide insights into investor appetite for retail and consumer-focused businesses in the current economic climate.

As the IPO date approaches, potential investors should keep an eye out for the release of the detailed prospectus, which will offer more in-depth information about the company's financials, business model, and growth strategy.