Lenskart Secures SEBI Nod for IPO; Plans Mid-November Listing

Eyewear major Lenskart has secured the market regulator’s green light to launch its IPO, marking a major step forward in its growth journey. The Gurugram-headquartered company plans to file an updated Red Herring Prospectus in the coming weeks and is targeting a mid-November 2025 listing, according to ET reports.

If executed as planned, Lenskart’s IPO could be the largest among India’s new-age companies debuting on the bourses this year. Other well-known startups such as Meesho, PhonePe, and PhysicsWallah are also preparing sizeable IPOs but are proceeding through SEBI’s confidential filing route.

Lenskart IPO: Issue Size and Structure

Lenskart intends to raise ₹2,150 crore through a fresh issue, while existing shareholders including founders Peyush Bansal, Neha Bansal, Sumeet Kapahi, and Amit Chaudhary, along with marquee investors SoftBank, Premji Invest, Temasek, Kedaara Capital, and Alpha Wave Global will offload 132.3 million shares via an offer-for-sale (OFS).

The total IPO size is expected to fall between ₹7,500 crore and ₹8,000 crore (approximately $850–900 million), making it one of the largest issues of the year after Tata Capital and LG Electronics.

Leading investment banks including Kotak Mahindra, Morgan Stanley, Citi, Avendus Capital, and Intensive Fiscal Services are advising on the offering.

Lenskart’s Financial Performance

Lenskart has showcased strong financial momentum. In FY25, the company reported a net profit of ₹297 crore, a sharp turnaround from a loss of ₹10 crore in FY24. Revenue surged 22% to ₹6,625 crore, up from ₹5,428 crore in the previous year.

Use of Proceeds

Lenskart plans to deploy around ₹272 crore from the IPO proceeds towards opening new stores across India. Another ₹591 crore will go into leasing, rentals, and other related expenses for its existing network of over 2,700 stores.

Additionally, part of the funds has been earmarked for strategic acquisitions, though details remain undisclosed.

Read More: Upcoming IPOs in October 2025: 3 Key Mainboard Offerings to Watch.

Conclusion

Lenskart’s upcoming IPO marks a significant milestone for India’s consumer-tech ecosystem. With strong revenue growth, a recent return to profitability, and aggressive expansion plans, the company is well-positioned to capture investor attention ahead of its expected November listing. The issue will also be closely watched as a bellwether for the public market appetite for new-age tech-led retail businesses in FY26.

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