Lenskart’s IPO is priced at Rs 382-402 per share, opening on Oct 31 and closing on Nov 4. The issue includes a fresh issue of Rs 2,150 crore and an OFS of up to 12.75 crore shares. The company aims to expand its CoCo stores, invest in technology, and enhance brand visibility.
Lenskart, India’s largest eyewear retailer, is gearing up to make its market debut with an initial public offering (IPO) priced between Rs 382 and Rs 402 per share. The IPO will open for subscription on October 31 and close on November 4, offering investors a chance to buy into the company’s growth story.
The issue comprises a fresh issue of Rs 2,150 crore and an offer for sale (OFS) of up to 12.75 crore shares by promoters and existing investors, amounting to about Rs 5,128 crore at the upper end of the price band. Lenskart plans to utilize the funds raised for expanding its company-owned, company-operated (CoCo) stores, investing in technology and cloud infrastructure, and enhancing brand visibility through marketing initiatives.
Led by co-founder and CEO Peyush Bansal, Lenskart boasts a strong presence across India and key international markets. The company’s financial performance has been impressive, with a net profit of Rs 297 crore in FY25, marking a significant turnaround from a loss of Rs 10 crore in FY24. Revenue grew 23% year-on-year to Rs 6,652.5 crore, driven by operational efficiencies and scale benefits.
The IPO has generated significant interest among investors, with a grey market premium (GMP) of around 30%, indicating strong demand for the shares. Lenskart’s listing on the BSE and NSE is expected on November 10, providing a new opportunity for investors to participate in the company’s growth journey.
