Eyewear brand Lenskart has taken a major step toward going public by converting itself from a private limited company to a public limited company, as per reports by the news website Entrackr.
This structural change, approved through a special shareholder resolution, signals the company’s intent to file for an IPO and access public capital markets.
Eyewear retailer Lenskart has officially transitioned into a public limited company, changing its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited. The move was approved through a special resolution by the company’s shareholders. This legal restructuring is a prerequisite for filing IPO papers with the market regulator, signalling the company’s intent to go public soon.
Lenskart is reportedly preparing for a $1 billion initial public offering (IPO) and targeting a $10 billion valuation, double that of its last funding round. In June 2024, it secured $200 million via a secondary share sale, with Temasek and Fidelity among key investors. This round had valued the company at $5 billion.
In a show of confidence, Lenskart’s founding team—including Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi—invested around $20 million into the company in July 2024. Over the years, Lenskart has raised nearly $2 billion in funding, including through secondary share sales. The company is also backed by global investors such as SoftBank, as per the Economic Times news report.
Lenskart saw a notable improvement in its financials during FY24.
The company attributed these gains to technology-led operational efficiencies. As of now, Lenskart has not yet filed FY25 financials with the Registrar of Companies (RoC).
With this move, Lenskart joins a growing group of Indian startups, such as PhysicsWallah, Infra .Market, Shiprocket, Zetwerk, Bluestone, Boat, and others, that are preparing for public listings. These companies represent a new wave of tech-first Indian firms making their way to public markets.
Read More: Upcoming IPOs This Week: One Mainboard and 2 SME IPOs to Hit D-Street This Week.
Lenskart’s conversion to a public limited company marks a key procedural step toward its IPO readiness. The restructuring aligns with regulatory requirements for listing and reflects the company’s progress in formalising its corporate structure. With improved financials and a history of strong investor backing, Lenskart has now completed a necessary milestone on the path to becoming a publicly listed entity.
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: Jun 9, 2025, 10:17 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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