IPO Updates: Lenskart IPO Coming Soon? Big Move by Piyush Bansal!
Lenskart is one of the biggest Eyewear companies in India and owner of Lens kart is the also part of Shark Tank India. There is good news for Investors and those are investing in share market, Lens kart will bring IPO, and it can be list in November. SEBI has given approval to the Lens kart for IPO.
According to the reports, Gurugram-based Company, Lens kart will now file an updated prospectus (DRHP) in the next few weeks. The company plans to list on the stock exchanges in mid-November 2025.
Lenskart submitted its draft red herring prospectus (DRHP) for its IPO to the Securities and Exchange Board of India (SEBI) in July.
If all goes well, Lens kart’s IPO will be the largest among new-age Indian companies this year. @vedkhabar you will get update about latest IPO.
What is an IPO?
An IPO (Initial Public Offering) is when a company offers its shares to the public for the first time. Companies bring IPOs to raise money for business expansion. Instead of taking loans, they sell shares to investors in the stock market to raise funds.
₹8,876 crore raise from IPO
You will be shocked to know about the IPO. This IPO going to the Third largest IPO this year after Tata Capital and LG Electronics. According to reports, the company will raise $1 billion (current value – approximately).
The company’s IPO is a combination of a fresh issue and an OFS, through which a total of over 132.2 million shares will be issued. In this IPO, the company will issue new shares worth ₹2,150 crore.
In addition, the company’s existing shareholders will also sell some of their stake through an offer-for-sale (OFS). The company’s shareholders include Piyush Bansal, Neha Bansal, Amit Chaudhary, and others.
What is the Purpose of IPO?
Lenskart plans to use a large part of the money raised from its IPO to grow its business. Out of this, ₹272 crore will go toward opening new stores across India. Another ₹591 crore will be used to pay for rent, leases, and other costs at its more than 2,700 existing stores.
The company also plans to use the funds for strategic goals. This includes opening more company-owned and operated (CoCo) stores, investing in technology, marketing the brand, and possibly buying other companies. Some of the money will also go toward renting and leasing CoCo stores, improving its tech systems, and boosting brand visibility.
Who will be the book running lead managers for the IPO?
Book running lead managers for the IPO is, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Intensive Fiscal Services Private Limited have been appointed as the book-running lead managers for the IPO.
Lenskart Earns ₹297 Crore Profit in FY25
Lenskart has shown strong performance in the financial year 2025. The company earned a profit of ₹297 crore, compared to a loss of ₹10 crore in FY24. Its revenue also grew by 22%, increasing from ₹5,428 crore to ₹6,625 crore.
Lenskart Launched 105 New Collections in FY25
During FY25, Lenskart launched 105 new eyewear collections globally and sold 2.72 crore eyewear units to 1.24 crore customers. The company recorded over 100 million app downloads and nearly 105 million annual website visitors. It also operated 2,723 stores around the world.
Company Valued at $5 Billion in 2024
In June 2024, Lenskart raised $200 million (around ₹1,775 crore) at a $5 billion valuation. The company dominates the eyewear sector and continues to expand its business rapidly, especially in Thailand.
Lenskart’s Journey
Lenskart was founded in 2010, but its roots go back to 2008 when the idea first began. It started as an online eyewear platform and opened its first retail store in 2013. Today, it operates one of India’s largest eyewear retail networks.
The company was started by Peyush Bansal and his friend from Kolkata, who wanted to change India’s habit of ignoring the need for eyeglasses. They later found another co-founder, Sumeet Kapahi, through LinkedIn, who had recently left an eyewear company.
Together, they created Valyoo Technologies in 2010, which ran several e-commerce websites — Lenskart, Jewelskart, Bagkart, and Watchkart. After seeing the huge potential in the eyewear market, they decided to focus only on Lenskart.