SEBI Clears Lenskart IPO: Eyewear Giant to Raise ₹2,150 Crore, Founders and Investors to Trim Stakes

India's favorite eye-wear brand, Lenskart, is diving into a new horizon! The Securities and Exchange Board of India has allowed the company to go for an Initial Public Offer in one of maybe the most awaited stock-market entries in the latter years. This goes a long way in the history of Lenskart annals where it started as a 2008 startup and grew into the global eyewear giant across borders.

Lenskart IPO: Important Details at a Glance

Approved DRHP shows that Lenskart's IPO shall consist of:

Fresh Issue: ₹2,150 crore

Offer for Sale: Up to 13.2 crore equity shares from promoters and investors

Now such a structure would mean while the company undertakes to raise capital for its expansion, the early investors and the promoters shall be partly cashing out some of their holdings.

Who is Selling What

Peyush Bansal, Co-founder and CEO, will sell about 2 crore shares.

Other promoters like Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, as per records, would be selling minor portions of their shareholdings.

Global investors like SoftBank’s SVF II, Alpha Wave Ventures, Temasek, Premji Invest, and Kedaara Capital are also likely to take part in the OFS.

Currently, Lenskart promoters have an equity stake of 19.96%, whereas institutional and others collectively own 80.04%.

IPO Uses

The fresh issue proceeds shall be used:

To further expand Lenskart’s omnichannel presence in Tier-II and Tier-III cities,

To accelerate international expansion,

To strengthen the manufacturing and supply chain operations,

Thus fulfilling the company’s vision of providing quality eyewear to millions in the world at an affordable price.

Financial Performance: Loss Making to Profit Making

The IPO clearance for Lenskart would thus come on the heels of a serious turnaround of financial performance:

FY25 Net Profit: ₹297.3 crore (In comparison, loss of ₹10.2 crore in FY24)

FY25 Revenue: ₹6,652.5 crore, showing a 23 percent year-on-year rise

Gross Margins: A jump of over 500 basis points helped this figure reach nearly 69%, courtesy of scale and efficiency.

This turnaround showcases how the company’s tech-first retail model and manufacturing investments are paying off.

From Startup to Global Eyewear Powerhouse

Started in 2008, Lenskart was founded as an online optical store and has grown to become one of the world's biggest eyewear retail companies.

Currently, it has:

Over 2,000 stores all over India and abroad

Financing from top investors such as SoftBank, Temasek, ADIA, KKR, TPG, and Kedaara Capital

A vibrant omnichannel model with perfect synergy between online ease and offline reliability

The Bigger Picture: India’s Startup IPO Wave

With SEBI's approval, Lenskart now joins the rare ranks of Indian unicorns readying themselves for the spotlight of listing, alongside Meesho, PhysicsWallah, and Groww.

It signals renewed confidence in India’s consumer-tech IPO space, powered by a resilient economy and a growing retail investor base.

With the SEBI nod behind it, Lenskart IPO stands officially on its path - an exit potentially redefining Indian startups' transition from a private success story to giants of the public market.

Investors will perhaps watch not just goods for their eyes but the next phase in the making of one of India’s most iconic consumer brands.