Lenskart, India's largest organized eyewear company, has achieved a significant milestone by receiving regulatory approval for its initial public offering (IPO). This development positions Lenskart to become the first eyewear-exclusive company to go public in India, marking a new chapter in the country's retail and healthcare sectors.

IPO Details

The company, which filed for its IPO in July, is set to offer fresh shares worth ₹21.5 billion ($250 million). The proceeds from this offering are earmarked for several strategic initiatives:

• Funding new company-owned stores
• Investing in technology and cloud infrastructure
• General corporate purposes

Lenskart's Market Position

Lenskart has established a strong presence in the eyewear market:

Market Outlook

The eyewear market in India is poised for significant growth:

• Expected to grow at double-digit rates over the next five years
• Analysts anticipate increased demand driven by:
  1. Rising vision issues
  2. Deeper market penetration
  3. Expanding health insurance coverage

Conclusion

This IPO represents a significant move for Lenskart and the broader eyewear industry in India. As the first eyewear-only company to go public, Lenskart is set to capitalize on the growing market and potentially set new benchmarks for the sector.

Investors and market watchers will be keenly observing how this unique IPO unfolds, given Lenskart's strong market position and the promising growth prospects of the Indian eyewear market. The success of this IPO could pave the way for more specialized retail companies to consider public listings in the future.

Lenskart, the popular eyewear retailer, has reached a significant milestone in its journey towards going public. The company has received the green light from the Securities and Exchange Board of India (SEBI) for its much-anticipated initial public offering (IPO). With this approval in hand, Lenskart is now setting its sights on a mid-November listing, marking a new chapter in the company's growth story.

IPO Details

The Gurugram-based company is looking to raise a substantial amount through its public offering:

• Total IPO Size: Rs 7,500-8,000 crore
• Fresh Capital: Rs 2,150 crore
• Secondary Sales: The remainder will come from existing shareholders selling their stakes

Key Selling Shareholders

Several prominent individuals and investment firms will be offloading shares as part of the IPO:

• Founders: Peyush Bansal, Neha Bansal, Sumeet Kapahi, and Amit Chaudhary
• Investors: SoftBank, Premji Invest, Temasek, Kedaara Capital, and Alpha Wave Global

These stakeholders will collectively sell 132.3 million shares in the secondary component of the offering.

Financial Performance

Lenskart has shown impressive financial growth:

The company turned profitable in fiscal year 2025, with a significant jump in net profit. Revenue also saw a healthy 22% year-on-year growth.

Utilization of IPO Proceeds

Lenskart has outlined specific plans for the funds raised through the fresh issue:

• New Store Expansion: Rs 272 crore
• Leasing and Rental Expenses: Rs 591 crore (for existing 2,700+ stores)

Next Steps

With SEBI approval secured, Lenskart is now preparing to:

1. File its updated prospectus
2. Target a mid-November listing on the stock exchanges

This IPO represents a significant moment for Lenskart, as it transitions from a private company to a publicly-traded entity. Investors and market watchers will be keenly observing how this eyewear giant performs on its debut in the public markets.