Lenskart’s ₹7,300-Crore IPO to Open October 31, Eyes ₹70,000-Crore Valuation in Landmark Market Debut

India’s leading omnichannel eyewear retailer, Lenskart Solutions Ltd, is set to make a historic entry into the public markets with its ₹7,300-crore initial public offering (IPO) launching on October 31, 2025. The IPO, which will close on November 4, aims to raise ₹2,150 crore through fresh issuance of equity shares, while existing shareholders will offload 127.5 million shares via the offer-for-sale (OFS) route. With a targeted post-money valuation of ₹70,000 crore, Lenskart is poised to become one of India’s most valuable consumer-tech companies.

The IPO marks a significant milestone in Lenskart’s journey from a startup to a global eyewear powerhouse. Founded by Peyush Bansal in 2010, the company has grown rapidly, leveraging technology, data analytics, and a hybrid retail model to disrupt the traditional optical industry.

IPO Structure and Key Details

The IPO price band is expected to be announced shortly, with retail and institutional investors gearing up for what could be one of the most anticipated listings of the year.

Shareholding and OFS Breakdown

The OFS component will see partial exits by several early investors and promoters, including:

The OFS will provide liquidity to early backers while allowing new investors to participate in Lenskart’s growth story.

Use of Proceeds

The ₹2,150 crore raised through fresh issuance will be deployed across key strategic areas:

• Expansion of retail footprint in India and overseas
• Investment in AI-driven product development and personalization
• Enhancement of supply chain and manufacturing capabilities
• Repayment of debt and working capital needs
• Strategic acquisitions in eyewear and health-tech sectors

These investments are expected to accelerate Lenskart’s omnichannel strategy and reinforce its position as a tech-first eyewear brand.

Business Snapshot and Financials

Lenskart operates over 2,700 stores across India and international markets including the Middle East and Southeast Asia. The company has built a robust digital platform that integrates virtual try-ons, home eye tests, and AI-powered recommendations.

The company turned profitable in FY 2024-25, driven by operational efficiencies and strong demand across channels.

Competitive Landscape

Lenskart competes with both traditional optical chains and emerging D2C brands. Its tech-enabled services and aggressive pricing give it a competitive edge.

Lenskart’s ability to blend online convenience with offline experience has helped it capture a significant share of the organized eyewear market.

Investor Sentiment and Market Buzz

The IPO has generated strong interest among institutional and retail investors. Anchor investors are expected to include marquee names from global and domestic markets.

Social media platforms and investor forums are abuzz with discussions around Lenskart’s valuation, growth potential, and IPO strategy.

Risks and Considerations

While the outlook is promising, investors should be aware of potential risks:

• Valuation Pressure: At ₹70,000 crore, the valuation may be aggressive relative to peers.
• Execution Risk: Rapid expansion could strain operations and supply chain.
• Competition: Entry of global players could impact market share.
• Regulatory Changes: Health-tech and retail regulations may evolve.

Lenskart’s management has acknowledged these risks and outlined mitigation strategies in its red herring prospectus.

Future Roadmap

Post-IPO, Lenskart plans to:

• Expand to 5,000 stores by 2027
• Launch smart eyewear and vision wellness products
• Deepen presence in Southeast Asia and the Middle East
• Invest in AI and machine learning for personalized vision care
• Explore strategic partnerships with health-tech startups

These initiatives are expected to drive revenue growth and improve margins.

Leadership and Governance

Lenskart’s leadership team is led by Peyush Bansal, who brings a blend of tech acumen and retail insight. The company has a strong board with representation from investors, industry veterans, and independent directors.

The leadership’s vision and execution have been instrumental in Lenskart’s rise.

Conclusion

Lenskart’s ₹7,300-crore IPO launching on October 31 is more than a financial event—it’s a reflection of India’s evolving consumer-tech landscape. With a targeted valuation of ₹70,000 crore, the company is set to redefine how eyewear is bought, sold, and experienced. As investors prepare to participate, Lenskart’s journey from a startup to a global brand offers a compelling narrative of innovation, resilience, and vision.

Disclaimer: This article is based on publicly available financial disclosures and media reports. It does not constitute investment advice. Readers are advised to consult certified financial advisors before making investment decisions.