Eyewear major Lenskart Solutions, backed by global investors SoftBank, ADIA, Temasek, and Kedaara Capital, is gearing up to launch its much-awaited initial public offering (IPO) on October 31. The company aims to raise around ₹7,278 crore at a valuation of approximately ₹72,719 crore, marking a significant milestone in India’s consumer retail segment.
According to the Red Herring Prospectus (RHP) filed on October 25, the anchor book will open for a day on October 30, while the public issue will remain open from October 31 to November 4.
The company is set to finalise share allotments by November 6, and trading of Lenskart shares on the BSE and NSE is expected to commence from November 10.
The IPO will be jointly managed by a consortium of leading investment banks, including:
These institutions are serving as the book-running lead managers for the public issue.
Lenskart will raise ₹2,150 crore through a fresh issue of equity shares. In addition, promoters and existing investors will sell 12.75 crore equity shares via an offer for sale (OFS).
Promoters and founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will participate in the OFS, alongside investors such as SoftBank’s SVF II Lightbulb (Cayman), Schroders Capital, PI Opportunities Fund, MacRitchie Investments, Kedaara Capital Fund, and Alpha Wave.
Notably, Schroders Capital Private Equity Asia Mauritius will fully exit the company, selling its entire 1.9 crore shares (representing a 1.13% stake) in the IPO.
Lenskart has demonstrated a robust financial turnaround in FY2025, reporting a net profit of ₹297.3 crore, a sharp reversal from a loss of ₹10.1 crore in FY2024. The company’s revenue for the year surged 22.6% to ₹6,652.5 crore, compared with ₹5,427.7 crore in the previous fiscal.
In the June 2025 quarter, Lenskart posted a profit of ₹61.2 crore, as against a loss of ₹11 crore in the same period last year. Quarterly revenue rose 24.6% year-on-year to ₹1,894.5 crore, up from ₹1,520.4 crore.
Also Read: Upcoming IPOs This Week: Lenskart Solution, Studds Accessories and More Set to Open Public Issue
Lenskart Solutions claims to be India’s largest organised retailer of prescription eyewear by volume, with a growing presence across online and offline channels. The upcoming IPO marks a pivotal step in the company’s journey from a tech-driven startup to a publicly listed consumer brand with global ambitions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Oct 27, 2025, 8:00 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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