Lenskart to raise ₹7,300cr via IPO, seeks ₹70,000cr valuation
Lenskart is opening its IPO from October 31 to November 4, aiming to raise about ₹7,300 crore at a price band of ₹382-₹402 per share.
The offer includes a fresh issue of ₹2,150 crore and an offer-for-sale by existing investors worth ₹5,128 crore.
If all goes as planned, Lenskart could be valued close to ₹70,000 crore when it lists on November 10.
Lenskart's revenue growth
Started in 2008, Lenskart runs over 2,800 eyewear stores across India and internationally—including the Middle East and Southeast Asia—with global sales now making up nearly 40% of its revenue.
In Q1 FY25 (April-June 2024), domestic revenue hit ₹1,169 crore (up 25% year-on-year) while international sales reached ₹736.5 crore (up 26% year-on-year).
Selling shareholders and use of funds
Big names like CEO Peyush Bansal and investors SoftBank and TPG Growth are selling shares in this IPO.
Lenskart's valuation jumped from $5 billion in early 2024 to $6.1 billion by mid-2025.
Money raised will help open new stores (₹272 crore set aside) and cover leasing plus operational costs for future growth.