Lenskart IPO: Investors will be able to bid in the Rs 7,278 crore Initial Public Offering (IPO) of Eyewear sector giant Lenskart next week. This IPO will open on 31 October and close on 4 November. Anchor investors will be able to place bids on October 30, while the shares of the same company can be listed on BSE and NSE on November 10.

Existing investors will sell stake

In the IPO, through Offer for Sale, existing investors of Lenskart will sell 12.75 crore shares while the company will sell new shares worth Rs 2,150 crore. The company represented by Piyush Bansal will use the funds raised from the fresh issue to meet general business objectives, improve marketing campaigns, strengthen the company’s technology and AI platform and expand its retail network across India.

Existing promoters and investors like Kedra Capital, Schroders Capital and SoftBank’s SVF II Lightbulb will sell their stake through OFS. Promoter Schroders Capital, meanwhile, will use the offer to completely sell its 1.13 per cent stake.

share reservation

Lenskart has reserved 10 percent of the IPO for retail investors, while 75 percent for qualified institutional buyers (QIBs) and 15 percent for non-institutional investors (NIIs). The company has also reserved shares worth Rs 15 crore for its employees.

strong financial performance

The financial condition of Lenskart has improved before the IPO. The company recorded a net profit of Rs 297.3 crore in FY 2025 after registering a loss of Rs 10.2 crore in FY 2024. In the last two years, its revenue has grown by 23 per cent to Rs 6,652.5 crore, maintaining a compound annual growth rate (CAGR) of 33 per cent.

Apart from this, many international investors including SoftBank, Temasek, Abu Dhabi Investment Authority (ADIA), KKR, Alpha Wave and TPG have investments in the company.

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