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Lenskart IPO: Eyewear retailer Lenskart Solutions is all set to launch its much-awaited initial public offering (IPO) to raise Rs 7,278 crore through a combination of fresh issue and offer for sale (OFS).

Founded in 2010, Lenskart has become one of India’s largest omnichannel eyewear retailers, operating over 2,000 stores nationwide and expanding across Southeast Asia and the Middle East. The company currently serves over one crore customers.

The three-day bidding process will open for subscription on October 31 and close on November 4, and the shares are expected to list on both the BSE and NSE on November 10.

The IPO comprises a fresh issue of Rs 2,150 crore and an offer for sale of 13.22 crore shares, with a price band of Rs 382–Rs 402 per share.

The minimum bid size for investors has been set at 37 shares. If we calculate based on the upper price, the minimum amount of investment required by a retail investor is Rs 14,874 for per lot consisting of 37 shares.

Meanwhile, qualified institutional buyers (QIBs) will have access to 75 per cent of the issue. Retail investors will get 10 per cent, and the remaining 15 per cent will go to non-institutional investors.

Additionally, eligible employees will enjoy a Rs 19 per share discount.

Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are among those who will sell part of their holdings through the OFS, alongside marquee investors such as SoftBank’s SVF II Lightbulb, Kedaara Capital, and KKR’s MacRitchie Investments.

Founder and CEO Peyush Bansal, who currently holds a 10.3 per cent stake in the company, will sell 2.05 crore shares, potentially earning over Rs 785 crore at the upper end of the price band.

In a major vote of confidence, DMart founder and billionaire investor Radhakishan Damani recently invested around Rs 90 crore in Lenskart through a pre-IPO funding round, reflecting a strong belief in the company’s long-term growth trajectory.

Lenskart plans to use the money raised from the fresh issue to expand its retail presence and improve its digital capabilities.

Around Rs 273 crore will be spent on opening new company-owned stores, Rs 591 crore will go toward lease and rental payments, Rs 213 crore will be used to enhance technology and cloud infrastructure, and Rs 320 crore will be invested in brand marketing.

The remaining amount will be used for possible acquisitions and other general business purposes.

Lenskart has shown robust financial improvement over the past year. For FY25, the company reported revenue of Rs 7,009 crore and a net profit of Rs 297 crore, a sharp turnaround from a Rs 10 crore loss in FY24.

In Q1FY26, revenue surged 24.6 per cent year-on-year to Rs 1,894 crore, with a profit of Rs 61 crore.

The IPO is being managed by Kotak Mahindra Capital, Morgan Stanley India, Axis Capital, Citigroup, and Avendus Capital.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi