Lenskart IPO opens October 31 — 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 the center stage. The company’s initial public offering (IPO) opens for public subscription on October 31, 2025, marking one of the most talked-about debuts of the year.
Backed by some of the world’s biggest investors, the listing reflects how far India’s consumer-tech sector has come — from startups disrupting markets to now shaping them on the bourses.
The subscription window will remain open for three days, closing on November 4, 2025. With the growing excitement around retail and tech-driven consumer brands, Lenskart’s market entry is being closely watched by investors and industry insiders alike.
Main News: Lenskart IPO Details
The company has fixed its price band between ₹382 and ₹402 per equity share, with a face value of ₹2 per share.
Issue opens: October 31, 2025
Issue closes: November 4, 2025
Expected allotment date: November 6, 2025
Listing date (likely): November 10, 2025
The lot size is set at 37 shares, and investors can bid in multiples thereof.
Through this IPO, Lenskart aims to raise ₹2,150 crore via a fresh issue, while its promoters and early investors will offload 12.75 crore shares through an Offer for Sale (OFS).
The funds from the fresh issue will primarily support:
Expansion of company-owned (CoCo) stores
Strengthening brand and marketing initiatives
Upgrading technology and digital infrastructure
Enhancing supply chain and retail network efficiency
The issue allocation follows the standard structure:
75% for Qualified Institutional Buyers (QIBs)
15% for Non-Institutional Investors (NIIs)
10% reserved for retail investors
Additionally, eligible employees will receive a ₹19 per share discount, making it a rewarding opportunity for the internal team that helped build the brand’s foundation.
Company Overview: Lenskart’s Journey So Far
Founded in 2008 by Peyush Bansal, Lenskart began as a simple online eyewear platform and evolved into one of India’s most recognizable omnichannel brands.
Today, the company operates 2,500+ stores across India, the Middle East, and Southeast Asia, supported by a strong digital presence that connects online and offline experiences seamlessly.
Its vertically integrated model — from design and manufacturing to retail — helps it maintain tighter control over pricing, quality, and supply chain operations. This structure also protects margins while ensuring affordability for consumers — a balance many startups struggle to achieve.
Financial Snapshot: A Turnaround Story
In FY25, Lenskart recorded a net profit of ₹297 crore on revenues of ₹7,009 crore, marking a powerful turnaround from a ₹10 crore loss in FY24.
This improvement underlines the company’s operational shift from a startup chasing scale to a brand focusing on profitability and sustainable growth.
Key metrics at a glance:
Revenue: ₹7,009 crore (FY25)
Net Profit: ₹297 crore (FY25)
EBITDA Margin: Improved from 7.0% (FY23) to 14.7% (FY25)
While part of the profit boost came from an accounting adjustment linked to the 2022 acquisition of Japanese eyewear chain Owndays Inc, it still highlights a stronger bottom-line performance overall.
The integration of Owndays has helped Lenskart deepen its global presence, streamline its design capabilities, and enhance its supply network.
IPO Structure and Fund Utilization
The Lenskart IPO has been carefully structured to balance growth capital and investor exits.
Fresh Issue: ₹2,150 crore
Offer for Sale (OFS): 12.75 crore shares by promoters and early backers
The proceeds from the fresh issue are earmarked for:
Expanding company-owned retail stores
Meeting lease and rental obligations
Upgrading cloud infrastructure and backend systems
Boosting marketing campaigns and consumer engagement
Exploring potential acquisitions to enhance technology and retail reach
Ahead of its IPO, Lenskart raised ₹90 crore in a pre-IPO round from Radhakishan Damani, signaling continued trust from marquee investors.
Key Shareholders and Investors
Lenskart’s strong investor lineup showcases its credibility in the global market.
Major shareholders include:
Peyush Bansal (Founder & CEO)
Neha Bansal, Amit Chaudhary, and Sumeet Kapahi (Promoters)
Institutional investors: SoftBank Vision Fund II, Temasek, Schroders Capital, Kedaara Capital, Alpha Wave Ventures, and PI Opportunities Fund
The Offer for Sale (OFS) portion will include share divestments from both promoter and institutional holdings.
Lenskart’s Growth Momentum
The eyewear retailer’s consistent focus on technology, automation, and design innovation has been central to its success.
A few growth highlights:
22% year-on-year revenue growth in FY25
Increased automation in lens manufacturing and fulfillment centers
Expansion into new international markets like Singapore, UAE, and Thailand
Growing demand from tier-2 and tier-3 Indian cities
The brand has successfully positioned itself as more than just an eyewear retailer — it’s now a lifestyle and vision-care brand trusted by millions.
Strategic Vision Ahead
Post-IPO, Lenskart aims to deepen its reach across domestic and global markets. The focus will remain on:
Strengthening direct-to-consumer channels
Building smarter supply chains using AI-driven logistics
Investing in advanced vision-testing technologies
Scaling its subscription and service-based eyewear models
By enhancing both offline experience and digital convenience, Lenskart is aligning itself with India’s next phase of consumer growth — one that values convenience, personalization, and affordability.
Summary of the Article
IPO Opening Date: October 31, 2025
IPO Closing Date: November 4, 2025
Price Band: ₹382 – ₹402 per share
Face Value: ₹2 per share
Fresh Issue Size: ₹2,150 crore
OFS Shares: 12.75 crore
Listing Date (Likely): November 10, 2025
FY25 Revenue: ₹7,009 crore
FY25 Net Profit: ₹297 crore
EBITDA Margin: 14.7%
Stores: 2,500+ across India and abroad
Final Word
The Lenskart IPO marks a key milestone in India’s consumer-tech evolution. From a small startup redefining eyewear accessibility to a profitable, global-scale company — the journey has been remarkable.
With a clear focus on technology, scalability, and customer experience, Lenskart’s market debut isn’t just another IPO — it’s a story of how Indian innovation can shape world-class brands.
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