Athira Sethu
Kochi, 27 October
Lenskart, a well-known eyewear brand, is coming out with its initial public offering (IPO) on Friday, October 31, 2025. The firm will raise Rs 7,278 crore through the IPO. The issue will comprise a fresh issue of 53.5 million equity shares of value Rs 2,150 crore and an offer for sale (OFS) of 127.6 million shares of value Rs 5,128 crore.
Shares will be allocated to various categories: 75% for qualified institutional buyers (QIB), a maximum of 15% for non-institutional investors (NII), and 10% for retail investors. Lenskart employees will receive a discount of Rs19 per share.
The sellers of the shares are the Lenskart promoters, such as Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with various investment companies such as SVF II Lightbulb (Cayman) and Kedaara Capital.
The IPO cost will range from Rs 382 to Rs 402 per share, with 37 as the minimum lot size. At least Rs 14,874 must be with retail investors in order to apply at the higher price band.
The IPO of Lenskart will open on October 31 and close on November 4, 2025. The share allotment will be done by November 6, 2025, and the shares of the company will list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 10, 2025.
The firm will utilize Rs 272.62 crore from the funds to launch new “CoCo” stores in India and Rs 591.44 crore towards rents and payment on existing stores. Apart from this, Rs 213.38 crore will be put into technology and ₹320.06 crore into brand promotion. The rest of the funds will go into other acquisition and general expenses.
In its recent Q1 FY26 financial report ended June 30, 2025, Lenskart reported a revenue of Rs 1,894.45 crore, up 24.6% year-on-year. The profit of the company for the quarter was Rs 61.17 crore compared to a loss of Rs 10.9 crore in the same quarter last year. For FY2024-25, Lenskart has posted a revenue of Rs 6,652.5 crore, which is up 22.58% over the previous year, and a net profit of Rs 297.3 crore compared to Rs 10.15 crore in FY24.
