The wait is finally over! Lenskart Solutions, India’s leading eyewear retailer founded by Peyush Bansal, is set to launch its much-awaited Initial Public Offering (IPO) on October 31, 2025. This marks one of the biggest market debuts of the year, and investors across the country are gearing up for what could be a game-changing opportunity in the retail sector.
Lenskart IPO: Quick Snapshot
| IPO Details | Information |
|---|---|
| Opening Date | October 31, 2025 |
| Closing Date | November 4, 2025 |
| Anchor Investor Date | October 30, 2025 |
| Expected Listing | November 10, 2025 |
| Fresh Issue Size | ₹2,150 crore |
| Offer for Sale (OFS) | 12.75 crore equity shares |
| Total IPO Size | ₹7,278 crore |
| Expected Valuation | ₹72,719 crore |
| Stock Exchanges | BSE & NSE |
Five Critical Things to Know From the RHP
1. Strong Financial Turnaround Story
Lenskart reported a remarkable profit of ₹297.34 crore in FY 2025, a significant turnaround from a loss of ₹10.15 crore in FY 2024 and ₹63.75 crore in FY 2023. The company’s revenue surged by 23%, reaching ₹6,652.5 crore in FY 2025, showcasing impressive growth momentum. With gross margins at 69%, Lenskart demonstrates operational efficiency that’s hard to ignore.
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2. Powerhouse Investor Backing
The company is backed by heavyweight investors including SoftBank, Temasek, ADIA, Kedaara Capital, TPG, and KKR. Adding credibility to the IPO, DMart founder Radhakishan Damani made a significant pre-IPO investment of ₹90 crore, signaling strong confidence in Lenskart’s future prospects. This vote of confidence from one of India’s most successful retail entrepreneurs speaks volumes.
3. Massive Store Network & Global Presence
As of March 31, 2025, Lenskart operates 2,723 stores globally—2,067 in India (including 1,757 owned and 310 franchised stores) and 656 stores overseas. The company has successfully expanded into Japan, Southeast Asia, and the Middle East, proving its business model works beyond Indian borders. Remote eye testing services are available through 136 optometrists at 168 stores across India, Japan, and Thailand, showcasing technological innovation in customer service.
4. Use of IPO Proceeds
According to NDTV Profit, the fresh issue proceeds will strengthen the company’s capital base and fund strategic expansion. The funds will be deployed toward store expansion, technology infrastructure enhancement, marketing initiatives, manufacturing facility upgrades, and potential acquisitions. This multi-pronged approach positions Lenskart for sustained growth.
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5. Part of India’s IPO Boom
So far in 2025, Indian companies have raised over ₹1 lakh crore via IPOs—the strongest fundraising run since 2021. Lenskart’s IPO is the fourth-largest of 2025, following Tata Capital, HDB Financial Services, and LG Electronics India. The IPO market is experiencing unprecedented momentum, with over 200 companies planning to raise approximately ₹2.9 lakh crore in the coming year.
Why Investors Are Excited
According to the Redseer Report, Lenskart recorded the highest volume of prescription eyeglasses sold in India during FY 2025. The company’s direct-to-consumer model, coupled with proprietary brands and in-house manufacturing in Bhiwadi and Gurugram, creates a sustainable competitive advantage. With over 100 million mobile app downloads and 105 new collections launched in FY25, Lenskart demonstrates innovation-driven growth.
The eyewear market in India is expanding rapidly, driven by increasing screen time, rising awareness about eye health, and growing fashion consciousness. Lenskart is perfectly positioned to capitalize on these trends.
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FAQs
Q1: When can I apply for the Lenskart IPO and what is the expected listing date?
The Lenskart IPO will open for public subscription on October 31, 2025, and close on November 4, 2025. Anchor investors can apply a day earlier on October 30, 2025. The shares are expected to list on both BSE and NSE on November 10, 2025. The IPO includes a fresh issue of ₹2,150 crore and an offer-for-sale of 12.75 crore equity shares by promoters and existing investors.
Q2: Who are the key investors and promoters in Lenskart, and what makes this IPO attractive?
Lenskart is backed by prominent investors including SoftBank, Temasek, ADIA, Kedaara Capital, TPG, and KKR. The promoters include Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. The IPO is attractive due to Lenskart’s strong financial turnaround (₹297 crore profit in FY25), market leadership in prescription eyeglasses, massive store network of 2,723 stores globally, and 69% gross margins indicating operational efficiency.
