Eyewear retailer Lenskart is preparing for its stock market debut with an initial public offering (IPO) opening for subscription on October 31, 2025, and closing on November 4, 2025. The company, founded in 2008 by Peyush Bansal, has grown from an online eyewear startup into one of the largest omnichannel eyewear brands in Asia.
The listing is expected on November 10, 2025, and investors are closely watching this major consumer-tech IPO.
1. Total IPO Size
The Lenskart IPO is valued at around ₹7,278 crore, combining both a fresh issue of shares and an offer for sale (OFS) by existing shareholders.
- Fresh issue: ₹2,150 crore
- Offer for sale: ₹5,128 crore
This structure allows Lenskart to raise fresh capital for growth while providing an exit opportunity for early investors.
2. Price Band and Lot Size
The company has set a price band of ₹382–₹402 per share with a face value of ₹2 per share.
Retail investors can bid for a minimum of 37 shares and in multiples thereafter.
This pricing range positions Lenskart among India’s top consumer-tech IPOs in 2025.
3. Key Dates to Remember
| Event | Date |
|---|---|
| IPO Opens | October 31, 2025 |
| IPO Closes | November 4, 2025 |
| Listing Date | November 10, 2025 |
The subscription window runs for five days, and shares are expected to be listed on both the BSE and NSE.
4. Founder and CEO Peyush Bansal’s Share Sale
Lenskart’s founder and CEO Peyush Bansal, also known from Shark Tank India, will sell 2.05 crore shares, valued at about ₹823.66 crore at the upper price band.
His average acquisition cost was ₹18.6 per share, leading to a strong return on investment. After the IPO, Bansal will still hold an 8.78% stake in the company, continuing to play a key leadership role.
5. Co-founder Neha Bansal’s Stake Sale
Neha Bansal, Peyush Bansal’s sister and co-founder, plans to sell 10.1 lakh shares for approximately ₹40.6 crore. Her holding will reduce slightly from 7.61% to 7.16% post-IPO, reflecting a partial profit booking while maintaining long-term involvement in the company.
6. Other Promoters and Investors Exiting
Promoters Amit Chaudhary and Sumeet Kapahi are also part of the offer for sale, offloading around 28.7 lakh shares each. Both currently hold less than 1% of the company.
Institutional investors participating in the OFS include SoftBank Vision Fund II, Temasek’s MacRitchie Investments, Schroders Capital, Kedaara Capital, Alpha Wave, and PI Opportunities Fund.
These investors are realizing gains from their early-stage investments while keeping confidence in the company’s long-term growth.
7. Strong Returns for Early Investors
Lenskart’s early backers are set for notable returns.
- SoftBank Vision Fund II invested at ₹74.26 per share, gaining significantly from the IPO pricing.
- PI Opportunities Fund entered at ₹24.14 per share, securing substantial value growth.
This demonstrates the company’s consistent performance and investor trust over the years.
8. Pre-IPO Investment from Radhakishan Damani
Ahead of the IPO, DMart founder Radhakishan Damani invested ₹90 crore at the top price band of ₹402 per share.
His investment signals strong confidence in Lenskart’s fundamentals and growth strategy, adding credibility to the upcoming listing.
9. Use of IPO Proceeds
The fresh issue funds will primarily be used for:
- Opening new company-owned stores across India and international markets
- Covering lease and rental costs for new outlets
- Enhancing technology and marketing infrastructure
- Supporting strategic acquisitions in complementary sectors
These steps aim to strengthen Lenskart’s market reach and operational efficiency.
10. Financial Performance and Valuation
Lenskart reported impressive financial results for FY2025, posting a net profit of ₹297 crore on revenue of ₹6,625 crore, marking a 22% year-on-year growth.
The company’s valuation stands near ₹70,000 crore ($8 billion), positioning it among India’s most valuable consumer-tech firms.
Lenskart IPO: Rs 7,300-Crore Issue Opens October 31; 10 Things to Know Before You Invest
The Lenskart IPO is one of the most anticipated listings in India’s consumer-tech space. With strong financials, a trusted brand, and an expanding global footprint, the company’s public debut marks a new milestone in its journey from startup to market leader.
However, as with any investment, potential shareholders should evaluate the risks, competitive landscape, and long-term profitability before subscribing.
Company Overview
| Aspect | Details |
|---|---|
| Founded | 2008 |
| Founder & CEO | Peyush Bansal |
| Industry | Eyewear / Retail |
| Headquarters | Gurugram, Haryana |
| Global Presence | India, Singapore, UAE, US, and more |
| Total Stores | Over 2,500 worldwide |
Lenskart’s omnichannel approach—combining digital convenience with physical experience—has helped it stand out in a highly competitive retail market.
Business Model and Growth Strategy
Lenskart operates both online and offline, giving customers flexibility to buy eyewear through its website, app, or stores.
The brand’s strategy focuses on:
- Expanding in Tier 2 and Tier 3 cities
- Enhancing its tech-driven virtual try-on feature
- Offering affordable eyewear options for all age groups
Its vertically integrated model, from design to delivery, helps control costs and maintain quality.
Market Outlook
India’s eyewear market is projected to grow rapidly with increasing screen time, awareness about vision health, and demand for affordable fashion accessories.
Lenskart, already a market leader, aims to capture this growth by expanding production capacity and customer reach.
Leadership and Management
Peyush Bansal’s leadership and entrepreneurial vision have shaped Lenskart’s success. Alongside co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, the team has built a trusted and innovative brand.
Competitive Landscape
Lenskart competes with brands like Titan Eye+, Coolwinks, and other regional retailers. Its tech-enabled platform, wide variety of eyewear, and strong customer service help it maintain an edge in the market.
Risk Factors
While the growth story is strong, investors should consider:
- Increasing competition in the eyewear segment
- Possible changes in consumer spending trends
- Dependence on technology and online platforms
- Currency and operational risks from global expansion
These factors can influence profitability and valuation in the long term.
Investor Outlook
The Lenskart IPO provides exposure to India’s fast-growing retail and eyewear sector. Analysts believe that a balance between growth potential and valuation will determine post-listing performance.
FAQs
1. When does the Lenskart IPO open and close?
The IPO opens on October 31, 2025, and closes on November 4, 2025.
2. What is the total size of the issue?
The issue size is ₹7,278 crore, including both a fresh issue and an offer for sale.
3. What is the price band for the Lenskart IPO?
The price band is ₹382–₹402 per share.
4. Where will the shares be listed?
Shares will be listed on the BSE and NSE.
5. What will Lenskart do with the funds raised?
Funds will be used to open new stores, cover lease expenses, enhance technology, and pursue acquisitions.
6. Who are the key promoters and investors involved?
Promoters include Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. Major investors include SoftBank, Temasek, and Alpha Wave.
Conclusion
The Lenskart IPO marks a major milestone in India’s consumer-tech journey. With a robust business model, consistent financial growth, and global ambitions, the company is well-positioned for the next phase of expansion.
Investors should, however, assess valuations and market conditions before subscribing. Lenskart’s entry into the stock market reflects the growing investor confidence in India’s emerging digital-first retail ecosystem.
