Lenskart IPO will open from October 31
Lenskart, a company which has made its mark in the Indian glasses market, is now going to make a big knock in the stock market. The company has made full preparations to bring its huge public issue (IPO) of Rs 7278 crore. This IPO will open for investment by general investors on October 31 and will close on November 4.
The company has submitted its Red Herring Prospectus (RHP) i.e. complete details related to the IPO with the Registrar of Companies (ROC). Anchor investors, who are big institutions, will be able to bid in it only on October 30. If everything goes as per plan, then the listing of Lenskart shares can happen on BSE and NSE on November 10.
journey from loss to profit
Before investing in any company, it is most important to understand its financial health and business model. lenskart The figures that have come out in this case are quite interesting. In the financial year 2025, the company has registered a huge net profit of Rs 297.3 crore. This is a big achievement because just a year before this, i.e. in FY 2024, the company had suffered a net loss of Rs 10.2 crore.
In this way, coming straight from loss to profit shows the company’s strong business and growing grip. Not only the profit, the revenue of the company has also increased rapidly. The company has grown at a CAGR (compound annual growth rate) of 33% in the last two years, and revenue has grown by 23% to Rs 6,652.5 crore. Its gross margin has also increased by 500 basis points to about 69%, which is a sign of a healthy business.
lenskart It was started in 2008 by Piyush Bansal, Amit Chaudhary, Neha Bansal and Sumeet Kapahi. Today it is India’s largest omni-channel eyewear brand, that is, it sells its goods through online websites as well as physical stores. As of March 2025, it had a presence of 2,723 stores in the India, Middle East and Southeast Asia markets. The company plans to open 450 new stores in FY 2026, which reflects its aggressive expansion.
Who is selling stake in IPO?
Now let us understand what is the structure of this IPO of Rs 7278 crore. In this, new shares worth Rs 2,150 crore will be issued. The company will use the proceeds from this new issue to open new stores across India, strengthen its technology and Artificial Intelligence (AI) capabilities, marketing and promotion of the brand and other corporate needs.
Apart from this, 12.75 crore equity shares will be sold in this IPO under ‘Offer for Sale’ (OFS). OFS means that the existing promoters and investors of the company are selling their stake. This money will not go into the company’s account, but into the pockets of the investors selling shares.
Those selling stake include founders Piyush Bansal, Neha Bansal, Amit Choudhary and Sumeet Kapahi, along with big investors like SoftBank’s SVF II Lightbulb, Schroders Capital and Kedra Capital Fund. However, founder Neha Bansal has now decided to sell 47.26 lakh fewer shares than before, due to which the size of the OFS has reduced slightly. Schroders Capital will exit the company by selling its entire 1.13% stake through this IPO.
It is important for common i.e. retail investors to know that 10% share has been reserved for them in this IPO. Apart from this, shares worth Rs 15 crore are reserved for the employees of the company. Of the remaining portion, 75% has been kept for Qualified Institutional Buyers (QIB) and 15% for Non-Institutional Investors (NII).
From Softbank to Damani… trust of big investors
Lenskart is trusted not only by the common people but also by the world’s biggest investors. Major investors like Japan’s SoftBank, Abu Dhabi’s ADIA and Singapore’s Temasek have invested in it. Apart from these, names like KKR, Alpha Wave and TPG are also included in the list of investors.
Srikanta R., wife of Radhakishan Damani, a veteran stock market investor and founder of Avenue Supermarts (DMart). Damani had purchased 0.13% stake (about 22.38 lakh shares) from Neha Bansal on October 23 at the price of Rs 402 per share. This entire deal was worth around Rs 90 crore.
The company is no longer just eyeing India. Lenskart is expanding rapidly in Southeast Asia and now about 40% of the company’s total revenue comes from outside India. The company’s next big bet is on ‘Smart Eyewear’, which can be a big step in terms of technology.