Lenskart IPO opens on Oct 31: Price Rs 382-402, Rs 69,700 cr valuation for eyewear giant
Lenskart aims to raise Rs 7,278 crore via IPO. The firm has set the price band at Rs 382-402 / share. The IPO will be open for public subscription on October 31 and conclude on November 4.
New Delhi: Lenskart Solutions IPO, a book build issue of Rs 7,278.02, is all set to open for public subscription on October 31, 2025 and conclude on November 4. The eyewear retailer company has fixed the price band at Rs 382-402 per share, aiming a valuation of over Rs 69,700 crore.
The IPO is a combination of fresh issue of 5.35 crore shares aggregating to Rs 2,150 crore and an offer-for-sale (OFS) of over 12.75 crore shares by promoters and investors. The anchor investors will be able to bid on October 30.
Lenskart Promoters, Invetsors offloading shares
As part of the OFS, promoters Peyush Bansal, Neha Bansal, Sumeet Kapahi and Amit Chaudhary; and investors Alpha Wave Ventures LP, SVF II Lightbulb (Cayman) Ltd, PI Opportunities Fund II, Macritchie Investments Pte Ltd,Schroders Capital Private Equity Asia Mauritius Ltd, and Kedaara Capital Fund II LLP would offload shares.
Lenskart IPO allotment date
Lenkart IPO allotment is expected on November 6, 2025, while the share will be credited to the demat accounts of the successful investors on November 7. The shares will make their debut on the stock exchanges on November 10, 2025.
Lenskart Solutions has reserved 75 per cent of the issue for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
Lenskart has informed SEBI that it would utilise the proceeds from the IPO for below mentioned strategic initiatives:
- Capital expenditure for setting up new company-operated Company-owned (CoCo) stores in India
- Payments related to lease, rent, and licence agreements for these CoCo stores.
- Technology and cloud infrastructure
- Brand marketing and business promotion to enhance brand awareness
- Potential unidentified inorganic acquisitions
- General corporate purposes
Meanwhile, it has been reported that Radhakishan Damani, the billionaire investor and the founder of Avenue Supermarts (DMart), invested around Rs 90 crore in Lenskart in a pre-IPO funding round.
Lenskart was founded in 2008 and launched an online eyewear platform in 2010. The firm is a popular omni-channel eyewear retailer in India. The firm provides a wide range of affordable and fashionable prescription eyeglasses, sunglasses, and contact lenses through its online platform and extensive retail network.