Peyush Bansal-Led Lenskart IPO Valued at ₹70,000 Crore; Price Band Set at ₹382–₹402, Opens October 31

Mumbai, October 27

Eyewear retailer Lenskart Solutions Ltd, led by co-founder and CEO Peyush Bansal, is set to launch its highly awaited initial public offering (IPO) on October 31, 2025, in one of the most anticipated listings of the year. The company has fixed its Lenskart IPO price band at ₹382–₹402 per equity share, valuing the business at around ₹69,676 crore at the upper end.

The Lenskart IPO will close on November 4, with the basis of allotment scheduled for November 6. Refunds and share credits are expected on November 7, while the Lenskart IPO listing date on the BSE and NSE is set for November 10, 2025.

Lenskart IPO Details

The ₹7,278.02 crore public issue consists of a fresh issue of ₹2,150 crore and an offer for sale (OFS) of 12.76 crore equity shares, aggregating to ₹5,128.02 crore.

The Lenskart IPO has reserved 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors, while eligible employees receive a discount of ₹19 per share.

Investors can bid for a minimum of 37 shares (one lot), translating to a minimum retail investment of ₹14,874 at the upper price band.

Use of Proceeds from Lenskart IPO

Funds raised through the Lenskart IPO will be utilised for:

• Opening 620 new company-owned and company-operated (CoCo) stores across India by FY29.
• Meeting lease deposits and rental obligations for retail expansion.
• Investing in AI-driven fulfilment systems, cloud infrastructure, and technology upgrades.
• Strengthening brand visibility through marketing and promotional initiatives.
• Exploring potential acquisitions and meeting general corporate requirements.

Peyush Bansal and Promoter Gains

The IPO will deliver substantial returns to Peyush Bansal and early investors.

• Peyush Bansal, who holds 17.32 crore shares (10.28% stake), acquired them at an average cost of ₹18.6 per share. At ₹402, his holding is valued at ₹6,964 crore, nearly a 20x gain.
• Neha Bansal, Co-founder and Executive Director, owns 12.83 crore shares purchased at ₹7.6 each, now worth ₹5,157 crore—a 5,200% increase.
• Co-founders Amit Chaudhary and Sumeet Kapahi hold 1.66 crore and 1.62 crore shares respectively, valued at over ₹650 crore each.

Among institutional investors:

• SoftBank’s SVF II Lightbulb (Cayman) stake is now valued at ₹10,188 crore, up 442%.
• Temasek’s MacRitchie Investments has gained 311%, with a stake worth ₹3,293 crore.
• Kedaara Capital’s holdings have appreciated 435%, reaching ₹3,580 crore.

Other shareholders such as PremjiInvest, Bay Capital, Schroders Capital, and Alpha Wave Ventures are also partially exiting through the offer for sale.

About Lenskart

Founded in 2010 by Peyush Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart Solutions Ltd has grown into India’s leading omnichannel eyewear retailer, offering prescription glasses, sunglasses, and contact lenses through both digital and physical stores.

As of March 31, 2025, the company operated 2,723 stores worldwide, including 2,067 in India and 656 overseas. Lenskart’s manufacturing units in Bhiwadi and Gurugram, along with facilities in Singapore and the UAE, allow next-day delivery in over 40 Indian cities.

Lenskart IPO Financial Performance

Lenskart posted a net profit of ₹297.3 crore in FY25, marking a turnaround from a loss of ₹10.2 crore in FY24. Revenue rose 23% year-on-year to ₹6,652.5 crore, while EBITDA expanded to ₹971 crore.

Gross margins improved to nearly 69%, driven by higher in-house manufacturing and scale efficiencies.

Lenskart IPO Valuation and Market Outlook

At a valuation close to ₹70,000 crore, Lenskart IPO 2025 ranks among India’s largest consumer-tech offerings, alongside Nykaa and Zomato.

Analysts expect robust participation from institutional investors due to Lenskart’s consistent revenue growth, profitability, and leadership in India’s ₹60,000-crore eyewear market.

However, maintaining margins amid rapid expansion and competition from Titan Eyeplus, GKB Opticals, and Specsmakers will be crucial for sustaining valuation post-listing.

Lenskart IPO Key Dates

• Anchor Investor Bidding: October 30, 2025
• IPO Opens: October 31, 2025
• IPO Closes: November 4, 2025
• Basis of Allotment: November 6, 2025
• Refunds & Demat Credit: November 7, 2025
• Listing Date: November 10, 2025

Bottomline

India’s eyewear market continues to expand, driven by higher screen exposure and increased awareness about vision health. With its strong brand recall, integrated technology, and omnichannel model, Lenskart IPO represents a significant opportunity for investors seeking exposure to a profitable consumer brand.

Market experts note that the Lenskart IPO listing performance will serve as a key indicator for investor sentiment towards high-growth, profitable digital businesses entering the public markets.

The Peyush Bansal-led Lenskart IPO combines scale, profitability, and global presence, making it one of the most closely watched public issues of 2025. As India’s largest eyewear retailer steps into the public market, all eyes will be on its listing performance and the long-term story it writes for consumer-tech investors.