Lenskart Solutions IPO: ₹2,150 Cr Fresh Issue + 13.23 Cr OFS; SEBI Nod Secured, Terms Awaited

Offer snapshot

• Structure: Book‑built IPO with fresh issue ₹2,150 crore and OFS up to 13.23 crore shares; registrar MUFG Intime India per tracker pages.​
• Status: DRHP filed July 29, 2025; SEBI approval reported Oct 6–8, 2025; opening and closing dates to follow market conditions.​
• Selling shareholders: OFS participation expected from SoftBank SVF II, Temasek affiliates, Alpha Wave, Premji Invest, Kedaara Capital, and select promoters including Peyush Bansal (about 2 crore shares).​
• Listing: Proposed on NSE and BSE.​

Business and scale

Founded in 2008, Lenskart runs an omni‑channel eyewear platform with over 2,000 global stores, integrating online discovery, in‑store fittings, and vertically integrated manufacturing and lens tech. The Indian eyewear market is projected to grow at a ~13% CAGR to FY2030, outpacing global growth, with prescription eyewear the largest segment by value.​

Financials and use of proceeds

FY25 results cited in reports show revenue of ~₹6,652.5 crore and net profit of ~₹297.3 crore, reflecting a turnaround from FY24; gross margins near 69% on operating scale‑up are mentioned by coverage. Fresh issue proceeds are guided for store expansion (CoCo rollouts), technology/cloud, brand and marketing, selective acquisitions, and general corporate purposes, per DRHP summaries.​

What to watch next

• Price band and valuation: Media indicate an expected total size of ₹7,500–₹8,500 crore at an implied valuation in the ₹70,000–₹75,000 crore range ($8–9B), to be confirmed in RHP and anchor allocations.​
• Anchor book quality: Composition and lock‑ins will shape listing sentiment; watch for sovereign funds and long‑onlys participation.​
• Subscription mix: QIB build on Day 2–3 typically sets tone for discovery in consumer‑tech listings.​

FAQs

• What is the IPO size? Fresh issue ₹2,150 crore plus OFS up to 13.23 crore shares; total size expected around ₹7,500–₹8,500 crore subject to price band.​
• Who is selling in the OFS? Key investors like SoftBank SVF II, Temasek affiliates, Alpha Wave, Kedaara, Premji Invest, and select promoters including Peyush Bansal.​
• When are dates and price band? Not yet announced; follow exchange notices and RHP for final terms.​
• Where will shares list? Proposed on NSE and BSE.