Lenskart IPO to open on October 31, company plans to raise ₹2,150 crore via fresh issue

Eyewear retailer Lenskart Solutions is set to make its highly anticipated debut on the Indian stock markets, with its share sale via initial public offering (IPO) opening for subscription on October 31. The Delhi-based company aims to raise ₹2,150 crore through fresh issue of shares.

According to the company’s Red Herring Prospectus (RHP), the IPO will close on November 4, while the anchor book will open for a day on October 30. In addition to the fresh issue, the IPO includes an offer-for-sale (OFS) component, under which promoters and existing investors plan to offload over 12.75 crore shares.

Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will participate in the OFS, alongside marquee investors such as SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP.

The proceeds from the fresh issue will be utilised for setting up new company-operated stores, lease and rental payments, technology and cloud infrastructure, brand marketing, and potential inorganic acquisitions, apart from general corporate purposes.

Founded in 2008 by Peyush Bansal, Lenskart began as an online eyewear platform and opened its first physical store in New Delhi in 2013. It has since evolved into one of India’s largest omni-channel eyewear retailers, offering a wide range of affordable and fashionable eyeglasses, sunglasses, and contact lenses through both online and offline channels.

With a strong presence across metros, Tier-1, and Tier-2 cities, Lenskart has also expanded its footprint internationally, operating in Southeast Asia and the Middle East.

The company’s shares are scheduled to list on the stock exchanges on November 10, marking one of the most awaited consumer retail listings of the year.