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Lenskart's ₹4,000 crore IPO to open on November 10
Business
Lenskart's IPO was a massive draw, getting subscribed 28 times. Big institutional investors showed the most interest, but retail investors joined in too.
Lenskart is a leading eyewear brand in India
Started by Peyush Bansal, Lenskart is a leading eyewear brand in India—think glasses, sunglasses, and contact lenses—sold both online and in stores.
The company grew its revenue by 22% to ₹6,653 crore in FY25 and turned a profit of ₹297 crore.
What's the plan for the IPO funds?
The IPO funds will help Lenskart open more stores, upgrade tech, and boost marketing.
Early backers like Premji Invest could see up to 17x returns on their investment—a pretty sweet deal for them!