Eyewear brand Lenskart is set to launch its initial public offering (IPO) on October 31, 2025, after filing its Red Herring Prospectus (RHP) on October 25. The issue will close on November 4, with the anchor round scheduled for October 30.
The company plans to use the funds to expand retail presence, improve technology systems, and increase brand visibility. Part of the capital will also go toward new store openings, marketing, rental payments, and general business purposes.
Founded in 2010 by Peyush Bansal, Neha Bansal, and Amit Chaudhary, Lenskart has grown from an online eyewear startup into one of India’s leading optical retail networks. It operates across online and offline channels, offering a range of eyewear products.
According to the RHP, the public issue includes a fresh issue of ₹2,150 crore and an offer for sale (OFS) of up to 12.75 crore shares. The OFS size has been slightly reduced due to a smaller stake sale by Neha Bansal, who sold part of her holdings to Shrikanta R. Damani at ₹402 per share.
Major investors participating in the OFS include SoftBank, Temasek, Schroders Capital, Alpha Wave, Premji Invest, and Kedaara Capital, along with share dilution by the founder group and early investors. If priced near ₹402 per share, the IPO is expected to be valued at around ₹7,278 crore.
Lenskart plans to allocate ₹272 crore for opening new company-owned stores, ₹591 crore for rentals and leases, ₹213 crore for cloud and technology upgrades, and ₹320 crore for brand-building activities.
The company reported ₹6,653 crore in revenue for FY25, up 22.6% year-on-year, and a profit of ₹297 crore, compared to losses in the previous year. In Q1 FY26, Lenskart posted a ₹61 crore profit, supported by consistent growth across both online and offline channels.
