Lenskart IPO: Get ready to see the markets in sharp focus!
Eyewear giant Lenskart is stepping into the IPO spotlight, setting its price band at INR 382 to INR 402 per share ahead of its big debut on Friday, October 31. At the top end, the IPO values Lenskart at an impressive and massive Rs 69,726 Cr (around $8 billion), talk about a clear vision for growth.
The company’s price-to-earnings ratio stands at 228.41 at INR 402 and 217.05 at INR 382, suggesting that investors are ready to pay a premium for a slice of this eyewear success story. With its stylish frames, tech-driven approach, and expanding omnichannel presence, Lenskart isn’t just selling spectacles, it’s redefining how India sees fashion and function.
As the IPO date approaches, all eyes are on whether this market darling will deliver a crystal-clear performance on listing day.
Lenskart IPO: Timeline And Structure
- Anchor bidding: October 30 (Thursday)
- IPO opens: October 31 (Friday)
- IPO closes: November 4 (Monday)
Lenskart IPO will include:
- A fresh issue of up to INR 2,150 Cr
- An offer for sale (OFS) of 12.76 Cr shares
The OFS component was trimmed from 13.23 Cr shares after promoter Neha Bansal reduced her offloading portion.
Utilization Of Lenskart IPO Proceeds
Lenskart aims to use the IPO funds to:
- Expand its physical retail footprint by setting up new company-owned, company-operated stores across India
- Pay rentals or licence fees for these new outlets
- Enhance brand marketing and technology infrastructure
- Meet general corporate purposes
Financial Performance Of Lenskart
- Good Turnaround: Lenskart has recorded a net profit of INR 61.2 Cr in the first quarter of FY26, which is a recovery over the loss incurred in the previous quarter of FY25 of INR 25.7 Cr.
- Strong Revenue Growth: The operating revenue has soared by 25 percent on a yearly basis to INR 1,894.5 Cr against INR 1,520.4 Cr in the comparable quarter of the previous year.
- Better Profitability: The change from losses to profits reflects better cost control and high sales momentum across markets.
- Operational Efficiency: The increase shows better store productivity, online traction, and customer engagement.
- Positive View: Lenskart has a positive financial outlook as the financial performance has now started showing signs of improving revenue growth and profitability, thus reinforcing investor trust in the company before the IPO.
Big Names, Bold Moves, Big Lenskart IPO: Inside Lenskart’s Star-Studded Shareholder Lineup
When it comes to the Lenskart IPO, it’s not just about stylish frames, the shareholder lineup is equally dazzling. Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are joined by heavyweight investors like SoftBank’s SVF II Lightbulb, Schroders, PI Opportunities, Macritchie Investments, Kedaara Capital, and Alpha Wave Ventures, all set to offload shares through the Offer for Sale (OFS). Adding a touch of intrigue, Shrikanta Damani recently grabbed Lenskart shares worth INR 90 Cr from Neha Bansal ahead of the IPO.
With an overall issue size of INR 7,278 Cr (about $827 Mn), this eyewear blockbuster has everyone watching closely.
(With Inputs)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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