Lenskart has received approval from SEBI and the company is preparing to launch an IPO worth approximately INR 8,000 crore in November 2025. This will include a fresh issue of INR 2,150 crore and an Offer-for-Sale (OFS) by major investors and founders. In FY25, the company recorded a net profit of INR 297 crore and a revenue growth of 22%.
Lenskart IPO: Lenskart, a well-known eyewear retail company in the country, has received approval from the Securities and Exchange Board of India (SEBI) for its IPO. The company plans to list on the stock market by mid-November 2025. This issue, valued at approximately INR 7,500-8,000 crore, will comprise a fresh issue of INR 2,150 crore and an Offer-for-Sale. In FY25, the company reported a net profit of INR 297 crore, while its revenue increased by 22% to INR 6,625 crore. Lenskart intends to use these funds to open new stores, invest in existing stores, and pursue strategic acquisitions.
Approval received after filing draft prospectus
Lenskart had submitted its Draft Red Herring Prospectus (DRHP) to SEBI in July 2025, through which the company planned to raise INR 2,150 crore in fresh capital. SEBI has now approved this proposal, and the company is preparing to file an updated prospectus in the coming weeks. Its shares are expected to be listed on the stock market by mid-November.
Who will sell their shares
The IPO will not only raise fresh capital but will also see several major investors and promoters selling their shares. According to information, company founders Peyush Bansal, Neha Bansal, Sumeet Kapahi, and Amit Chaudhary will sell some of their shares. Along with them, major investors such as SoftBank, Premji Invest, Temasek, Kedaara Capital, and Alpha Wave Global will also reduce their stakes through the Offer-for-Sale. Approximately 132.3 million shares will be sold under the Offer-for-Sale. Overall, the size of this IPO is expected to range from INR 7,500 to INR 8,000 crore.
Among this year's largest issues
Lenskart's IPO is expected to be one of the largest issues this year. It will be another significant IPO following Tata Capital and LG Electronics. The market is keenly watching this issue because the company directly connects with common consumers and has a b brand presence nationwide. Kotak Mahindra, Morgan Stanley, Citi, Avendus Capital, and Intensive Fiscal Services are the merchant bankers for this issue.
Apart from Lenskart, several other startups are also preparing to enter the stock market this year. These include stockbroking firm Groww, e-commerce platform Meesho, payments company PhonePe, and EdTech company PhysicsWallah. However, these companies have opted for SEBI's confidential filing process.
Company's profit and growing revenue
The Gurugram-based company has shown exceptional performance in Financial Year 2025. The company recorded a net profit of INR 297 crore this year, compared to a loss of INR 10 crore in the previous year, FY2024. Not just profit, but the company's revenue also saw a significant increase. Its revenue grew from INR 5,428 crore in FY2024 to INR 6,625 crore in FY2025, marking an increase of approximately 22 percent.
Where will the IPO proceeds be used
The company plans to utilize the funds raised from this IPO for several key initiatives. According to information, approximately INR 272 crore will be used to open new stores in India. Another INR 591 crore will be allocated by the company for rent, leasing, and other expenses for its existing network of over 2,700 stores. Additionally, the company has set aside some funds for acquisitions, i.e., purchasing other companies.
Also received the 'Startup of the Year' title
Lenskart was also awarded the 'Startup of the Year' title at the ET Startup Awards 2024 last year. This recognition was given due to the company's growing business model and market penetration.
Lenskart has established a b foothold in the Indian eyewear market. The company is rapidly opening stores nationwide, and its online sales reach is also expanding. This is why investors appear particularly enthusiastic about this IPO.
