Lenskart’s ₹2,150 Crore IPO Approved by SEBI — Listing in November

Eyewear retailer Lenskart has crossed a major milestone: the Securities and Exchange Board of India (SEBI) has granted approval for its public offering, paving the way for one of 2025’s most anticipated listings. The company is targeting a November debut on the bourses, making the Lenskart IPO a key event for investors tracking India’s consumer-technology and retail space. 

According to filings, Lenskart plans to raise ₹2,150 crore via a fresh issue, alongside a significant offer-for-sale (OFS) component by existing investors and founders. Industry estimates suggest the total size of the offering may fall in the ₹7,278 crore, positioning the Lenskart IPO among the year’s largest. The company has also been noted for its shift into profitability, Lenskart recorded a net profit of ₹297 crore in FY25, up sharply from a loss in the previous year. 

Peyush Bansal led Lenskart targets IPO valuation of around ₹70,000 crore ($7.97 bn). The tentative lenskart IPO date as per announced by news sources is set to launch between October 31- November  4, 2025 with the listing later and ahead in November. 

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Industry Context: Why Lenskart’s Timing Is Spot-On?

The timing of the Lenskart Upcoming IPO couldn’t be better. India’s stock market has been witnessing robust liquidity inflows, and consumer-tech listings like Mamaearth and Nykaa have already shown that investor appetite for new-age retail brands remains high.

Moreover, the eyewear sector itself is poised for exponential growth. Driven by increased screen time , growing disposable income and growing fashion awareness India's eyewear market currently valued at over $5 billion is expected to grow at 8-10% per annum over the next five years.

Lenskart's expansion strategy is fully in line with this growth trend.  The lenskart company is aggressively expanding its manufacturing capacity through various innovations and its state-of-the-art robotics factory in Bhiwadi and expanding its international operations to meet global demand.

Lenskart: From Startup to Market Leader

Founded in 2010 by former Microsoft employee Peyush Bansal, Lenskart began as an online eyewear retailer with the goal of making high-quality vision products that are stylish and comfortable specs, lenses that are  accessible and affordable.  And yes the brand has evolved into a multi-channel powerhouse over the years with a strong online presence and over 2500 stores across India and international markets including the UAE, Singapore and the US . The company made all efforts to best in its operations and now come into the dalal street for an IPO with issue size of ₹7,278 crore.  

The company's product portfolio ranges from glasses and contact lenses to sunglasses and accessories, meeting the needs of premium segments at an affordable price. Combining technology with the convenience of retail through features like 3D try-on experience and home eye check-ups, Lenskart has revolutionized India's eyewear shopping experience.

The upcoming Lenskart IPO now represents and marks the next milestone in its journey, a transition and major success from private success to public markets.  The price band for the lenskart IPO issue is set between ₹382-₹402. 

What the Lenskart IPO Filing Reveals?

The filing highlights three primary uses for the proceeds: expansion of company-owned and operated (CoCo) stores in India, investment in technology and cloud infrastructure, and potential acquisitions to strengthen global footprint. These elements or ways of continuing expansion in operations are utilizing well in line with Lenskart's long-term strategy to dominate the eyewear segment in India and expand globally, its wide customer base and supported by an increasingly profitable base and strong brand recognition.

Unlike many consumer-tech startups, Lenskart has consistently balanced growth with profitability. Its subscription-based model for contact lenses, data-driven inventory management, and vertically integrated supply chain have given it a strong cost advantage.

The company also counts marquee investors such as SoftBank Vision Fund, Temasek Holdings, KKR, and Abu Dhabi Investment Authority (ADIA) all of whom are expected to partially offload their holdings in the Lenskart Upcoming IPO.

What Investors Are Watching? 

Lenskart share price expectations will be under the spotlight. Given the size of the issue and pre-listing buzz, market participants will closely track the price band announcement, subscription trends, and listing debut performance.

Another parameter is the Lenskart Upcoming IPO valuation: investors will compare the issue’s pricing with peer retail and omnichannel companies, as well as weigh Lenskart’s growth prospects, profitability, and risk exposures.

A critical aspect: transparency in governance and promoter disclosures. For instance, a recent regulatory filing noted that one of Lenskart’s co-founders was unable to trace his university marksheet, a disclosure that some investors view as a governance red-flag. Such factors will influence investor sentiment around the listing.

Lenskart IPO: Investor buzz 

Investor interest in Lenskart's IPO has been growing for months. According to early market chatter, the Lenskart IPO GMP (Grey Market Premium) is expected to trade at a healthy premium once unofficial trading begins closer to the listing date. Analysts suggest that the combination of strong brand recognition, profitability, and a scalable business model could make Lenskart one of the most attractive IPOs in India’s consumer-tech space this year.

The market has been waiting for a consumer-facing tech IPO with solid fundamentals. “Lenskart’s IPO ticks many boxes: profitability, growth visibility, and global scalability.”

In the unlisted and pre-IPO market the lenskart share price is fluctuating and trades between ₹300-560 per share.

Conclusion

Like SEBI's approval of Lenskart's IPO marks the beginning of an exciting new chapter and what we call it is the chapter for one of India's most iconic lifestyle brands.  With a serious strong financial base, global ambitions and a proven business model Lenskart enters the public markets from a strong position.

For India's consumer tech and startup ecosystem Lenskart's IPO is a bellwether. The company exemplifies a local D2C brand that has expanded into online and offline retail, recently turned profitable and is now seeking public capital to expand.