Lenskart Secures SEBI Approval for ₹8,000 Crore IPO

Eyewear giant Lenskart has received approval from the Securities and Exchange Board of India (SEBI) to go ahead with its much-awaited ₹8,000 crore initial public offering (IPO). This marks one of the largest public listings by a new-age Indian consumer brand in 2025, reflecting growing investor appetite for tech-driven retail ventures.

Lenskart’s ₹8,000 Crore IPO: A Major Milestone

According to media reports, Lenskart’s IPO will comprise a mix of fresh equity shares and an offer for sale (OFS) component. The company plans to raise ₹2,150 crore through fresh issue, while the overall offering, including shares offloaded by existing investors, is expected to total between ₹7,500 crore and ₹8,000 crore.

Industry insiders suggest that the eyewear brand is targeting a mid-November listing, which could make it one of the most anticipated IPOs in India’s consumer-tech space this year.

Promoters and Key Investors to Partially Offload Stakes

The IPO will see founders and key stakeholders selling part of their holdings. Co-founders Peyush Bansal, Neha Bansal, Sumeet Kapahi, and Amit Chaudhary are among those participating in the offer for sale.

In addition, major institutional investors such as SoftBank, Temasek, Premji Invest, Kedaara Capital, and Alpha Wave Global are expected to partially divest their stakes through the public offering. This strategic move allows early backers to unlock value while ensuring a healthy mix of retail and institutional participation.

Strong Financial Performance Fuels Market Confidence

Lenskart’s financial turnaround has further boosted optimism around its IPO. The company reported a net profit of ₹297 crore in FY25, a sharp improvement from a ₹10 crore loss in FY24.

Revenue also witnessed significant growth, rising 22% year-on-year to ₹6,625 crore in FY25, compared to ₹5,428 crore in the previous fiscal year. Analysts view this consistent performance as a sign of operational maturity and scalability, strengthening Lenskart’s investment appeal.

Planned Use of IPO Proceeds

The fresh capital raised through the IPO will primarily fund the company’s retail expansion and store maintenance efforts. As per the draft prospectus, ₹272 crore has been earmarked for opening new stores and entering untapped markets.

Additionally, around ₹591 crore will be used for lease, rental, and operational maintenance of its existing network of over 2,700 retail outlets across India and international markets.

A portion of the proceeds will also support strategic acquisitions, enabling Lenskart to strengthen its presence in the eyewear and optical accessories space both domestically and globally.

Merchant Bankers and IPO Management

To manage the upcoming issue, Lenskart has appointed leading financial institutions as merchant bankers, including:

• Kotak Mahindra Bank

• Morgan Stanley

• Citi

• Avendus Capital

• Intensive Fiscal Services

These seasoned investment banks are expected to play a crucial role in ensuring a smooth IPO process, from investor roadshows to regulatory compliance and pricing strategy.

A Strong Signal for India’s Consumer-Tech IPO Boom

Lenskart’s SEBI-approved IPO comes amid a broader surge in public listings by Indian tech-driven consumer firms, including Meesho, Groww, PhonePe, and PhysicsWallah.

The eyewear leader’s entry into the public markets is being viewed as a positive signal for India’s startup ecosystem, showcasing the growing maturity and profitability of digitally native brands.

Market experts believe Lenskart’s successful listing could further boost investor confidence in India’s fast-evolving consumer and e-commerce sectors, paving the way for more unicorns to explore public offerings in the coming years.

Conclusion

With SEBI’s approval in hand and strong financial momentum, Lenskart’s ₹8,000 crore IPO is set to be one of the biggest milestones in India’s consumer-tech landscape this year. The company’s profitable growth, expansion plans, and robust investor backing position it as a promising bet for both retail and institutional investors ahead of its expected mid-November listing.