Lenskart's Visionary Leap: India's Premier Eyewear Retailer Files for IPO

Lenskart Solutions Ltd is gearing up for a significant market move as it submits initial documents to the Securities and Exchange Board of India (Sebi) for an Initial Public Offering (IPO) aimed at raising Rs 2,150 crore. This strategic initiative marks a new chapter for the Gurugram-based omni-channel eyewear retailer, hoping to reinforce its market presence and drive growth.

The IPO will involve fresh issuance of equity shares with key promoters and investors like Peyush Bansal and Alpha Wave Ventures LP set to offload 13.22 crore shares. Lenskart plans to allocate a major portion of the raised funds for capital expenditure on new CoCo stores, lease payments, technology upgrades, and brand marketing. Any pre-IPO placement could potentially adjust the fresh issue size.

Established in 2008, Lenskart started its journey as an online platform and expanded to physical retail by 2013. It stands today as India's largest organised retailer in eyewear, holding a significant footprint in domestic and international markets. Its financial turnaround in FY25, reporting a net profit and increased revenues, underscores its strong market position as it looks towards new growth horizons through IPO funds.

(With inputs from agencies.)