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The IPO of eyewear company Lenskart is opening from today i.e. 31st October. Investors will be able to bid for this IPO till November 4. The price band of this issue is ₹382 to ₹402 per share. Investors will be able to bid for a minimum of one lot i.e. 37 shares at Rs 14,874. The company’s shares will be listed on BSE-NSE on November 10.
Lenskart is planning to raise Rs 7,278 crore through this IPO at a valuation of Rs 70,000 crore. For this, the company is issuing 5.35 crore new shares worth Rs 2,150 crore. At the same time, its existing investors are selling 12.76 crore shares worth Rs 5,128.02 crore.
Earned a profit of ₹297 crore in FY 2025
Lenskart has performed brilliantly in FY 2025. The company earned a profit of Rs 297 crore this year, whereas last year (FY24) it had a loss of Rs 10 crore. The company’s revenue has also increased by 22% from Rs 5,428 crore to Rs 6,625 crore.
Lenskart launches 105 new collections in FY25
In FY2025, Lenskart launched 105 new collections globally and sold 2.72 crore eyewear units to 12.41 crore customers. The company recorded over 100 million app downloads and 104.97 million annual website visitors in FY2025 and operates 2,723 stores worldwide.
The company’s valuation was $5 billion in 2024
In June last year, Lenskart had raised $200 million (about ₹1,775 crore) in funding at a valuation of $5 billion. Lenskart dominates the eyewear sector. The company’s business is also profitable. The company is also expanding its business rapidly in Thailand.
Lenskart was started in 2010
Piyush Bansal has studied from Delhi Don Bosco School. In 2002, Piyush went to Canada to pursue BE in Electrical Engineering.
Established in 2008, Lenskart started as an online business in 2010. Opened its first retail outlet in 2013. The company operates one of the largest eyewear retail networks in India. Piyush Bansal and a friend of his from Kolkata planned to create a company that could change the habit of people in India not wearing glasses.
He found another co-founder, Sumeet Kapahi, on LinkedIn. Kapahi had left his job at an eyewear company a few months ago. Together, the three formed Value Technology in 2010, which had separate e-commerce websites. It had Lenskart, Jewelkart, Bagkart and Watchkart websites. After some time, seeing the potential in the spectacles market, all three started focusing only on Lenskart.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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