The Lenskart IPO is one of the most anticipated public issues in 2025, exciting both retail and institutional investors. Known for revolutionizing India’s eyewear retail industry through its omnichannel strategy, Lenskart’s public listing marks a major milestone in the Indian startup landscape.
About Lenskart
Founded in 2010 by Peyush Bansal, Lenskart started as an online eyewear store and has since become India’s leading omni-channel optical brand. The company offers prescription glasses, sunglasses, and contact lenses through a combination of online platforms, mobile apps, and offline stores.
Lenskart currently operates more than 2,000 stores across India and has expanded into international markets such as Singapore, UAE, and Saudi Arabia. Its vertically integrated supply chain, in-house lens manufacturing, and AI-powered online customization tools set it apart from traditional optical retailers.
Lenskart IPO Overview
| | Detail | Information |
|---|---|---|
| IPO Type | Mainboard | |
| Issue Size | Expected around Rs. 7,000–8,000 crore | |
| Fresh Issue | Rs. 1,500–2,000 crore (approx.) | |
| Offer for Sale (OFS) | Promoter and early investors’ partial stake sale | |
| Face Value | Rs. 1 per share | |
| Price Band | To be announced | |
| Listing Exchange | NSE, BSE | |
| Tentative Listing Date | Likely December 2025 or January 2026 |
The IPO aims to fund Lenskart’s global retail expansion, enhance manufacturing capacity at its Bhiwadi facility, and reduce liabilities through partial debt repayment.
Lenskart Financial Performance
Lenskart posted robust financial growth in FY2024–25. According to company filings, revenue from operations exceeded Rs. 3,000 crore, driven by strong domestic sales and international growth.
Key Highlights (FY2025):
- Revenue growth: 30–35% YoY
- Gross profit margin: Around 55%
- EBITDA margin: 14–16%
- Profitable in FY2024–25 after multiple years of reinvestment
This profitability milestone and consistent sales growth make Lenskart an attractive candidate for long-term investors looking for exposure in India’s growing eyewear and lifestyle segment.
Lenskart Competitive Strengths
- Strong brand recognition and repeat customer base across metros and Tier-2/3 cities
- Deep vertical integration from manufacturing to retail delivery
- Significant presence both online and offline (omnichannel model)
- AI-based virtual try-on and home eye-test services
- Global expansion with consistent brand experience
Lenskart’s data-driven approach to inventory and customer preferences differentiates it from competitors like Titan EyePlus, Lawrence & Mayo, and Vision Express.
Risks and Challenges
While Lenskart shows strong growth potential, investors should consider the following risks before subscribing:
- High marketing and customer acquisition costs
- Competition from both organized and unorganized retail players
- Dependence on imported raw materials and global optical lens supply chains - Market volatility and valuation pressures at the time of listing
Lenskart IPO GMP and Market Sentiment
As of late October 2025, the grey market premium (GMP) is not yet available since the IPO date and price band have not been officially announced. However, analysts expect strong interest in the grey market once the SEBI approval and RHP (Red Herring Prospectus) are released.
Given Lenskart’s profitable growth trajectory and brand popularity, the IPO is likely to garner strong bidding from retail investors and institutional funds alike.
Lenskart IPO Lot Size and Retail Quota
Exact lot size and retail investor quota will be announced in the final RHP draft. Based on similar-sized IPOs, the minimum investment is expected to be between Rs. 14,000 and Rs. 18,000 per lot.
How to Apply for Lenskart IPO
Investors can apply for the Lenskart IPO through:
- ASBA (via net banking through registered banks)
- UPI applications via brokers such as Zerodha, Groww, Upstox, and Angel One
Allotment will be finalized through a transparent process under SEBI’s regulations.
Lenskart Valuation and Investors
Before the IPO, Lenskart raised over $1 billion from investors including SoftBank Vision Fund, Temasek, KKR, and ChrysCapital. Its last private valuation stood at $5 billion in 2024.
Analysts expect the IPO valuation to range between $6.5 to $7 billion based on its recent revenue momentum, focus on profitability, and global expansion strategy.
Should You Invest in Lenskart IPO?
The Lenskart IPO offers investors a chance to participate in one of India’s most successful direct-to-consumer (D2C) stories. With strong fundamentals, scalable operations, and international potential, it can appeal to long-term investors.
However, investors seeking short-term listing gains should monitor GMP trends, subscription levels, and final valuation ratios before deciding.
Key Takeaways
- Lenskart is likely to announce its IPO in late 2025.
- Estimated issue size: Rs. 7,000–8,000 crore.
- Strong financial growth and profitability in FY2025.
- Backed by major global investors and a dominant brand presence.
- Suitable for investors looking for long-term consumer sector exposure.
Disclaimer
This article is for informational and educational purposes only. It does not constitute financial or investment advice. Investors should consult their advisors before participating in the Lenskart IPO.