Lenskart IPO: India’s Eyewear Giant Steps Into the Market Spotlight

Lenskart IPO opens on October 31, 2025 — here’s everything you need to know about India’s most-awaited consumer-tech listing.

Market Performance

The Indian IPO market is buzzing again, and this time, it’s the homegrown eyewear leader — Lenskart — taking center stage. The company’s initial public offering opens for subscription on October 31, 2025, marking one of the most talked-about debuts of the year.

Backed by marquee global investors, this listing highlights the rapid evolution of India’s consumer-tech space — from disruptive startups to large-scale market makers.

The subscription window stays open for three days, closing on November 4, 2025. With excitement building around retail and tech-driven brands, Lenskart’s market entry is being tracked closely by investors and industry watchers.

Lenskart IPO Details

Price Band: ₹382 – ₹402 per share

Face Value: ₹2

Important Dates:

• Issue Opens: October 31, 2025
• Issue Closes: November 4, 2025
• Expected Allotment: November 6, 2025
• Likely Listing: November 10, 2025

Lot Size: 37 shares (bidding in multiples of 37)

IPO Structure

• Fresh Issue: ₹2,150 crore
• Offer for Sale (OFS): 12.75 crore shares by promoters & early investors

Use of Funds

The fresh capital will be utilized for:

• Expanding company-owned (CoCo) stores
• Brand-building & marketing
• Upgrading technology & digital backbone
• Strengthening supply chain efficiency

Reservation Structure

• QIBs: 75%
• NIIs: 15%
• Retail: 10%
• Employees: ₹19 per share discount

Company Overview: Lenskart’s Journey

Founded in 2008 by Peyush Bansal, Lenskart evolved from a simple online eyewear platform into one of India’s most recognized omnichannel brands.

Today, the company runs 2,500+ stores across India, Southeast Asia, and the Middle East. Its vertically integrated model — from design to manufacturing to retail — gives it strong control over pricing, quality, and supply chain operations.

Financial Story: Strong Turnaround

Lenskart posted a solid recovery in FY25:

• Revenue: ₹7,009 crore
• Net Profit: ₹297 crore
• EBITDA Margin: 14.7% (up from 7.0% in FY23)

The profit jump also reflects part of the accounting adjustment from its 2022 acquisition of Japanese chain Owndays Inc. The integration has boosted global presence and improved design & supply chain capabilities.

IPO Structure & Fund Utilization

Fresh Issue: ₹2,150 crore

OFS: 12.75 crore shares

Funds will go toward:

• Expanding CoCo stores
• Lease obligations
• Upgrading cloud & backend tech
• Marketing & brand initiatives
• Potential acquisitions to enhance global footprint

Before filing for IPO, Lenskart raised ₹90 crore in a pre-IPO round from Radhakishan Damani, reaffirming investor trust.

Major Shareholders

Key stakeholders include:

• Peyush Bansal (Founder & CEO)
• Neha Bansal, Amit Chaudhary, Sumeet Kapahi
• SoftBank Vision Fund II
• Temasek
• Schroders Capital
• Kedaara Capital
• Alpha Wave Ventures
• PI Opportunities Fund

The OFS includes share divestments from promoters and institutional backers.

Growth Momentum

Lenskart’s growth drivers include:

• 22% YoY revenue growth in FY25
• Advanced automation in manufacturing
• Strong expansion in UAE, Singapore, Thailand
• Increasing demand from Tier-2 & Tier-3 cities
• Rising adoption of subscription-based eyewear services

Lenskart has now positioned itself as a vision-care lifestyle brand, not just an eyewear retailer.

Strategic Roadmap Ahead

Post-IPO, Lenskart plans to:

• Strengthen direct-to-consumer channels
• Build AI-driven supply chains
• Expand in domestic & global markets
• Invest in advanced vision-testing tech
• Scale subscription models for eyewear

Quick Summary

Final Word

The Lenskart IPO is more than a capital-raising event — it’s a milestone for India’s consumer-tech ecosystem. From an ambitious startup to a global eyewear force, Lenskart’s journey represents how Indian innovation can scale globally.

With a clear focus on technology, affordability, and customer experience, Lenskart’s listing promises to be one of the most anticipated events of 2025.