Lenskart IPO (Image Source: IANS)
Eyewear retailer Lenskart is gearing up for one of the most anticipated public listings of 2025. The company’s initial public offering (IPO) will open for subscription on October 31 and close on November 4, with an anchor book slated for October 30. Through this offering, Lenskart aims to raise Rs 2,150 crore, comprising both a fresh issue of shares and a significant offer for sale (OFS) by its promoters and investors.
Proceeds from the new issue will be directed toward expanding company-owned stores, upgrading technology infrastructure, and enhancing marketing efforts. This IPO follows a Rs 90 crore pre-IPO investment by Radhakishan Damani, the billionaire founder of DMart, highlighting continued investor confidence in Lenskart’s business model and long-term potential.
A Consumer-Tech Milestone For India
With this offering, Lenskart’s IPO is expected to rank among the top four listings of 2025, following Tata Capital, HDB Financial Services, and LG Electronics. The move underscores growing investor appetite in India’s consumer-tech space, which has recently seen successful listings from Urban Company, Zomato, and Swiggy.
Founded in 2008 by Peyush Bansal, Lenskart began as an online eyewear store before evolving into an omnichannel brand with over 2,500 stores across India, the Middle East, and Southeast Asia. Its integrated business model, covering design, manufacturing, and retail, enables it to deliver stylish eyewear at competitive prices while maintaining strong margins.
Financial Turnaround And Growth Story
In FY25, the company reported a net profit of Rs 297 crore, reversing a loss of Rs 10 crore in the previous year. Revenue climbed 22 per cent year-on-year to Rs 6,625 crore, driven by strong domestic demand and rising international sales. The improvement is attributed to tighter cost controls, operational efficiencies, and greater consumer engagement through its tech-enabled retail model.
The OFS segment of the IPO includes shares from founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, as well as major investors such as SoftBank Vision Fund II, Temasek’s MacRitchie Investments, Schroders Capital, PI Opportunities Fund, Kedaara Capital, and Alpha Wave Ventures.
Outlook: Expanding Vision
Industry experts believe India’s eyewear market will continue to expand, supported by rising screen exposure, increasing health awareness, and broader insurance coverage. According to a Jefferies report, Lenskart is “well positioned to benefit from rising vision issues, deeper market penetration, and expanding health insurance coverage through employers and government programs.”
(Disclaimer: This article is meant solely for informational and educational purposes. The views and opinions expressed are those of individual analysts or brokerage firms and do not reflect the stance of Times Now. Readers are advised to consult certified financial experts before making any investment decisions.)
