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IPO · Commerce & Consumer Brands

Lenskart files for initial public offering of shares

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Lenskart logo
Date
Company
Lenskart
What it does
Technology-driven eyewear retailer
Kind
IPO
Amount
₹7,278.02 Cr
Stage
public
Based in
Mumbai
Sector
Commerce & Consumer Brands

What they do

Lenskart sells prescription eyeglasses, sunglasses, contact lenses, and various eyewear accessories through a technology-enabled supply and distribution network

What happened

The company plans to raise up to ₹7,278.02 crore through an IPO consisting of a fresh issue and an offer for sale

Why it matters

Funds will support new store expansion, technology infrastructure, brand marketing, and potential acquisitions to strengthen its market position

The details

  • Lenskart has filed for an initial public offering (IPO) to raise up to ₹7,278.02 crore.
  • The offering includes a fresh issue of shares worth ₹2,150 crore for the company.
  • Existing shareholders will sell shares worth ₹5,128 crore through an offer for sale.
  • The company may consider a pre-IPO placement of up to ₹430 crore before the final filing.
  • The IPO will open on October 31, 2025, and close on November 4, 2025.
  • Shares are expected to list on the NSE in Mumbai on November 10, 2025.

The bigger picture

  • The company intends to use the proceeds to fund capital expenditure for new company-owned stores.
  • Funds are allocated for technology and cloud infrastructure upgrades and brand marketing initiatives.
  • The company plans to pursue inorganic acquisitions to expand its business footprint.

About the business

  • Lenskart operates as a technology-driven eyewear company selling glasses, sunglasses, and contact lenses.
  • It focuses on building a tech-enabled supply chain to provide affordable quality eyewear.
  • The company designs its brands to be aspirational and appeal to a broad range of customers.
  • It manages a network of CoCo (company-owned, company-operated) stores across India.
  • The business model integrates digital platforms with physical retail to reach consumers.

What happens next

  • The company will utilize funds for lease and license payments for its retail stores.
  • It aims to continue investing in general corporate purposes to support growth.

The deal

Type
ipo

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