The Securities and Exchange Board of India (SEBI) has given the green light to eyewear maker Lenskart to raise funds via initial public offerings (IPO). This approval positions Lenskart among a growing cohort of Indian startups preparing to tap into the capital markets.
According to the DRHP, Lenskart IPO will feature a fresh issue of equity shares amounting to ₹2,150 crore, alongside an Offer for Sale (OFS) of up to 13.2 crore shares by existing investors and promoters.
The OFS will include share sales from some of Lenskart’s key stakeholders, including SVF II (an affiliate of SoftBank), Alpha Wave Ventures, Temasek-linked entities, Premji Invest, and Kedaara Capital.
Among the promoters, CEO Peyush Bansal is set to offload 2 crore shares, while co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will each sell a smaller portion of their holdings. Currently, the promoter group owns 19.96% of the company, while institutional and other investors hold the remaining 80.04%.
Proceeds from the fresh issue will be used to bolster Lenskart’s aggressive expansion strategy, both in India and international markets.
Also Read: Upcoming IPOs This Week (Oct 6–10): Tata Capital & More Open for Bidding
Founded in 2008, Lenskart today operates over 2,000 stores across the globe, blending a strong digital presence with its physical retail network. It is backed by a consortium of prominent global investors, including SoftBank, ADIA, Temasek, KKR, Alpha Wave, TPG, and Kedaara Capital.
In FY25, the company reported a net profit of ₹297.3 crore, a sharp swing from a net loss of ₹10.2 crore in FY24. Revenue grew by 23% year-on-year to reach ₹6,652.5 crore, driven by a compound annual growth rate (CAGR) of 33% over the past two years. Gross margins also saw a significant uplift, expanding over 500 basis points to 69%, reflecting improved operational efficiencies and scaling benefits.
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Published on: Oct 6, 2025, 8:37 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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