India’s leading tech-driven eyewear brand, Lenskart Solutions Ltd., is gearing up for one of the most anticipated IPOs of the year. Co-founded by Peyush Bansal, the company filed its Draft Red Herring Prospectus (DRHP) with SEBI in July 2025, setting the stage for its public market debut.
📅 Launch Date & Structure
While the official IPO launch date is yet to be announced, Lenskart plans to offer a 100% book-built issue. The IPO will comprise both a Fresh Issue and an Offer for Sale (OFS). The Fresh Issue aims to raise ₹2,150 crore, which will be used to expand retail operations, upgrade technology infrastructure, and boost brand visibility.
💰 Price Band & Lot Size
As of now, the price band and lot size remain undisclosed. These details will be finalized closer to the launch date based on investor demand and market conditions.
📊 Offer for Sale (OFS)
Promoters and early investors will offload up to 13.23 crore shares through the OFS. Peyush Bansal himself is selling 2.05 crore shares, alongside co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. Institutional investors like SVF II Lightbulb, Platinum Jasmine Trust, and Kedaara Capital are also participating.
🏪 Use of Proceeds
Funds from the Fresh Issue will be allocated to:
- Expanding company-owned stores (CoCo model)
- Enhancing cloud infrastructure and tech capabilities
- Marketing and brand promotion (including Owndays)
- General corporate purposes and potential acquisitions
📈 Company Snapshot
Founded in 2008, Lenskart has grown into India’s largest seller of prescription eyeglasses by volume. With over 2,700 stores across India and abroad, it operates on a direct-to-consumer model, offering in-house designs and centralized manufacturing for quality control and fast delivery. In FY25, the company reported ₹6,652 crore in revenue, marking a 22.6% YoY growth.
As investors await final dates and pricing, Lenskart’s IPO is already generating buzz for its scale, growth potential, and strategic expansion plans. Stay tuned for updates as the eyewear giant steps into the public market spotlight.
