Indian eyewear retailer Lenskart Solutions Ltd. is gearing up for its initial public offering (IPO), slated to open on October 31 and close on November 4, 2025.
The offering aims to raise about ₹7,278 crore through a combination of fresh equity issuance and an offer for sale (OFS).
The IPO is structured with a fresh issue amounting to ₹2,150 crore, while the remaining portion involves the sale of over 12.75 crore equity shares by promoters and early investors via the OFS.
The board has fixed the price band at ₹382-402 per share, and the minimum lot size for subscription is 37 shares.
Backed by heavyweight investors including SoftBank Vision Fund II, Temasek Holdings, Kedaara Capital and Abu Dhabi Investment Authority (ADIA), Lenskart’s IPO is seen as one of the marquee listings of 2025.
A compelling element is the company’s recent turnaround: Lenskart reported a net profit of ₹62 crore in Q1 FY26, up from a loss in the prior year’s comparable period.
According to media reports, the IPO values Lenskart at roughly ₹69,000-72,000 crore (approximately USD 8 billion), at the upper end of the price band.
Proceeds from the fresh issue will be utilised by Lenskart for the expansion of company-owned stores, enhancement of technology infrastructure, brand marketing, and general corporate purposes.
This IPO ticks several positive boxes for the company: it offers an exit route for early investors, is backed by strong institutional participation, shows improved profitability, and taps into the growing organised eyewear market in India.
With the IPO opening at a time when investor sentiment is buoyant, Lenskart’s listing is likely to command significant market attention as it enters the public markets.
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