Iewear brand lenscart Ipo is bringing. The company has filed its draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise money through the initial public offer (IPO). According to the documents filed on Monday with SEBI, the IPO includes new shares of Rs 2,150 crore and a sales offer (OFS) of Rs 13.22 crore. Sale offering components Piyush Bansal, Neha Bansal, Amit Chaudhary and Sumit Kapahi and investors SVF II Lightbalb (Cayman) Limited, Shroders Capital Private Equity Asia Mauritius Limited, PI Opportunity Fund – I, II, Macchi Investments Private Limited, Kedara Capital Fund II L.P. Ventures LP will sell their shares.
In OFS, SoftBank -backed SVF II Lightbalb (Cayman) is selling 2.6 crore shares and Shourn Capital 1.9 crore shares. Premji Invest’s PI Opportunity Fund II will sell 87 lakh shares, Temashek’s Macharchi Investments 78.6 Lakh, Kedara Capital Fund II 73.6 lakh and Alpha Wave Ventures LP 66.6 lakh shares will be sold.
The company was established in 2008
Lenskart was established in 2008. It started operating as an online business in India in 2010 and opened its first retail store in New Delhi in 2013. The company’s business is spread over ‘designing’, manufacturing, ‘branding’ and retail sales. From Rs 2,150 crore received from the IPO, Rs 272.6 crore will be used to open 620 new company-owned (COCO) stores in India by FY 29, while Rs 591.4 crore has been set for lease deposits for the current COCO outlets. The company will also invest Rs 213.4 crore in technology and cloud infrastructure, placing to increase AI-based supply and robotic lens lab. An amount of Rs 320 crore has been kept separate for brand marketing and business campaigning.
Financial report card
After registering a loss of Rs 10.2 crore in FY 2024, Lenskart came into profit with a net profit of Rs 297.3 crore in FY 2025. The operational revenue increased to Rs 6,652.5 crore, which is 22.5 percent higher than the previous estimate. Ebitda increased from Rs 763 crore for FY 2024 and Rs 302 crore in FY 2023 to Rs 1,115 crore. In the last three years, margin also increased from 8 percent to 14 percent and then 17 percent. The company has 2,723 stores – 2,067 in India and 656 abroad, and it has recorded more than 10 million apps. The company has claimed a 98 percent repeat order rate in India in two years.
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