Lenskart IPO: Eyewear retailer turns into public limited company ahead of launching offer

The company's Board, in an extraordinary general meeting on May 30, passed a special resolution to change its name to Lenskart Solutions Limited from Lenskart Solutions Private Limited.

The Peyush Bansal-led company said that the name change would allow it to list on one or more stock exchanges.

"In order to undertake the offer (IPO), the status of the company is required to be changed from a private company limited by shares to a public company limited by shares," Lenskart said in a filing with the Registrar of Companies (RoC).

The eyewear retailer is looking for a valuation of more than $1 billion, the report stated, citing sources.

Founded in 2010, Lenskart offers more than 5,000 styles of eyewear, serving customers in India, Singapore, the UAE and Japan.

Upcoming IPOs in 2025

Following a sluggish start to 2025, the next three to six months look promising with over a dozen companies preparing to tap the capital markets.

Companies that are looking to launch their IPOs include HDB Financial Services, National Securities Depository Ltd (NSDL), Kalpataru, All Time Plastics, Rubicon Research, Regreen-Excel EPC India, Credila, SK Finance, Paramesu Biotech, Veritas Finance, CIEL HR Services, Paras Healthcare, Avanse Financial Services, Brigade Hotel Ventures, Drof-Ketal Chemicals India, and Shreeji Shipping.

These firms have already received approval from the market regulator, the Securities and Exchange Board of India (SEBI).

So far, only 16 companies have hit the primary market in 2025, compared to 29 IPOs in the same period of the previous calendar year.

In 2024, 91 maiden public issues had collectively raised ₹1.6 lakh crore.