Lenskart, the eyewear retailer backed by Softbank, is set to launch its Initial Public Offering (IPO) on October 31, 2025. The IPO will remain open for subscription until November 4, 2025. The anchor investor round is scheduled for October 30. The allotment of shares will be finalized on November 5, 2025, and the stock is expected to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 7, 2025.
The company aims to raise ₹2,150 crore through a fresh issue of shares. Additionally, promoters and existing investors will be offloading 13.22 crore equity shares via an offer for sale (OFS).
The IPO includes a reservation of 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Investors.
The funds raised through the IPO are intended to be used for expanding the company's chain of stores, upgrading its technology infrastructure, and bolstering marketing efforts.
Lenskart has a widespread presence with 2,723 stores globally as of March 31, 2025, including 2,067 stores in India and 656 international stores across Japan, Southeast Asia, and the Middle East. According to a Redseer report, Lenskart is India's largest and Asia's second-largest organized prescription eyewear retailer by B2C sales volume in FY25. In FY25, Lenskart sold 27.20 million units. The company has demonstrated strong financial growth, with revenue increasing by 25% and profit after tax rising by 3028% between the financial year ending March 31, 2025 and March 31, 2024. For fiscal year 2025, the company reported revenue of ₹7,009.28 crores and a profit of ₹297.34 crores.
Kotak Mahindra Capital Co. Ltd, Morgan Stanley India Co. Pvt. Ltd, Avendus Capital Pvt. Ltd, Citigroup Global Markets India Pvt. Ltd, Axis Capital Ltd and Intensive Fiscal Services Pvt. Ltd are the lead managers for the IPO. MUFG Intime India Pvt. Ltd is the registrar for the issue.
Radhakishan Damani, founder of Avenue Supermarts (DMart), invested approximately ₹90 crore in Lenskart during a pre-IPO funding round.
