Lenskart IPO Launch: India’s Eyewear Unicorn Targets ₹70,000 Crore Valuation

India’s leading eyewear retailer, Lenskart Solutions Ltd, is all set to make a landmark debut on Dalal Street with its much-anticipated Initial Public Offering (IPO). Backed by SoftBank, Temasek, and KKR, the company aims to raise approximately ₹7,278 crore through this public issue, marking one of India’s largest consumer-tech IPOs in recent years.

The IPO opens for subscription on October 31, 2025, and will close on November 4, 2025.

💰 IPO Details at a Glance

ParticularDetailsIPO Open DateOctober 31, 2025IPO Close DateNovember 4, 2025Price Band₹382 – ₹402 per shareFace Value₹1 per equity shareFresh Issue₹2,150 croreOffer for Sale (OFS)₹5,128 crore (12.76 crore shares)Total Issue Size₹7,278 croreListing ExchangesBSE & NSELikely Listing DateNovember 8, 2025IPO RegistrarLink Intime India Pvt LtdMarket Lot37 shares

🧾 Company Profile: The Visionary Journey of Lenskart

Founded in 2010 by Peyush Bansal, Lenskart has revolutionized the eyewear industry in India. With over 2,500 stores across 1,000 cities, and a growing international presence in Singapore, UAE, and Southeast Asia, the company has become synonymous with affordable eyewear and tech-driven vision care.

• Founder & CEO: Peyush Bansal

• Co-founders: Amit Chaudhary, Sumeet Kapahi, and Neha Bansal

• Headquarters: Gurugram, Haryana

• Investors: SoftBank Vision Fund, Temasek, KKR, Premji Invest, and Radhakishan Damani

📈 Financial Performance

Ahead of the IPO, Lenskart posted impressive financial results:

• Q1 FY26 Net Profit: ₹62 crore (up from ₹34 crore YoY)

• Revenue Growth: 25% year-on-year

• FY25 Revenue: ₹3,800 crore

• Profitability: Achieved consistent profitability in the last three quarters

These numbers reflect a strong turnaround from earlier losses and signal Lenskart’s growing dominance in the omnichannel eyewear market.

🧩 IPO Structure: Who’s Selling and Who’s Gaining

The Offer for Sale (OFS) component worth ₹5,128 crore will see partial exits by major investors and founders:

• Peyush Bansal & Neha Bansal are set to earn over ₹825 crore through stake sales.

• SoftBank, KKR, and TPG will also offload portions of their holdings.

• The fresh issue of ₹2,150 crore will primarily be used for expansion, technology enhancement, and debt repayment.

Notably, DMart founder Radhakishan Damani has invested ₹90 crore ahead of the IPO, underscoring strong investor confidence.

💸 Valuation and Investor Sentiment

Lenskart’s IPO values the company at an estimated ₹69,700–₹70,000 crore ($7.97 billion) — nearly 17 times its FY25 sales. Analysts suggest early investors could see 5x–17x returns based on current valuations.

According to Moneycontrol and ET Markets, the Grey Market Premium (GMP) currently hovers around ₹85–₹100 per share, indicating positive investor sentiment ahead of the listing.

🌍 Global Ambitions and Strategic Growth

Lenskart’s focus goes beyond India. The company has been expanding aggressively across Asia and the Middle East, with acquisitions such as:

• Owndays (Singapore) — One of Southeast Asia’s largest eyewear chains

• Neso Brands (Global eyewear venture) — To promote independent eyewear labels globally

These strategic moves are expected to strengthen Lenskart’s position as a global eyewear powerhouse, rivaling giants like Warby Parker and Luxottica.

🧠 Analyst Outlook and Expert Reviews

IPO Central and HDFC Sky term the Lenskart IPO as a “profitable and promising play” in India’s premium consumer retail segment.
Financial Express notes the strong backing from marquee investors and profitability as major positives.
However, some analysts caution that the high valuation and competitive retail space could moderate post-listing gains.

Brian Freitas of Smartkarma predicts potential index inclusion by June 2026, which could attract more institutional investors.

🏦 How to Apply for the Lenskart IPO

Investors can apply through all major trading platforms such as Zerodha, Groww, Upstox, HDFC Sky, ICICI Direct, and Kotak Securities via ASBA or UPI-based applications.

Steps to Apply:

• Login to your demat account or trading app.

• Select Lenskart IPO under the IPO section.

• Enter quantity and bid price (within ₹382–₹402).

• Confirm UPI payment and submit the application.

• Check allotment on Link Intime after November 6, 2025.

🔍 Key Takeaways

• IPO Dates: October 31 – November 4, 2025

• Price Band: ₹382–₹402

• Valuation: ₹70,000 crore

• Fresh Issue Size: ₹2,150 crore

• GMP: ₹85–₹100

• Expected Listing: November 8, 2025

💬 Expert Commentary

“Lenskart has built a formidable brand in a largely unorganized eyewear market. The IPO marks a defining moment not just for the company, but for India’s D2C ecosystem.”
— Tushar Deep Singh, Hindustan Times Business Analyst

“With strong profitability and rapid global expansion, Lenskart’s IPO is likely to attract long-term investors seeking exposure to India’s premium retail growth story.”
— Ravindra Sonavane, Moneycontrol

🚀 Conclusion

The Lenskart IPO represents more than just a market debut — it’s a symbol of India’s evolving consumer-tech landscape. From a small startup selling glasses online to an $8 billion global brand, Peyush Bansal’s Lenskart journey embodies innovation, persistence, and vision.

With solid fundamentals, global aspirations, and robust investor backing, Lenskart’s IPO could very well become the crown jewel of India’s 2025 IPO season.