Lenskart IPO: A New Opportunity for Indian Investors
Lenskart Solutions, backed by marquee global investors – Softbank, ADIA, Temasek, and Kedaara Capital, is set to open its maiden public issue on October 31. The Peyush Bansal-led eyewear products maker will raise Rs 2,150 crore via fresh shares, while promoters and investors will be offloading 12.75 crore equity shares via offer-for-sale.
The IPO has been in focus for quite some time, with DMart’s Radhakishan Damani having already invested Rs 90 crore ahead of the issue opening. In this article, we will delve into the details of the Lenskart IPO, including its structure, use of proceeds, financial snapshot, promoter and investor shareholding, and lead managers.
IPO Structure
The Lenskart IPO comprises a fresh issue of equity shares aggregating up to Rs 2,150 crore and an offer-for-sale of up to 12.75 crore shares by existing shareholders. These include the likes of Softbank Vision Fund, Kedaara Capital, TR Capital, and Chiratae Ventures. To know more about the IPO structure, you can visit our website.
Use of Proceeds
As per the Red Herring Prospectus (RHP), Lenskart will deploy the fresh issue proceeds mainly for lease and rent payments for company-owned, company-operated (CoCo) stores in India. Lenskart has allocated as much as Rs 591 crore for the management and sustenance of these CoCo stores. Around Rs 320 crore will be used for marketing and business promotion while Rs 276 crore will be used as capital expenditure to set up new CoCo stores in India.
Lenskart also aims to utilise Rs 213 crore for investing in technology and cloud infrastructure. Remaining funds will be used for general corporate purposes. For more information on use of proceeds, you can check our website.
Financial Snapshot
Lenskart reported a significant turnaround, posting a restated profit for the year of Rs 297 crore for the financial year ended March 31, 2025. This compares to a restated loss of Rs 10.1 crore in fiscal year 2024 and a loss of Rs 6.3 crore in fiscal year 2023. Revenue from operations grew to Rs 6,652 crore in fiscal 2025, up from Rs 5,428 crore in the previous year. To know more about financial snapshot, you can visit our website.
Promoter and Investor Shareholding
Among the selling shareholders, co-founder Peyush Bansal will sell over 2 crore shares, while other co-founders Amit Chaudhary and Sumeet Kapahi will sell 28.7 lakh shares each. SoftBank affiliate SVF II Lightbulb (Cayman) Ltd. will sell 2.6 crore shares, while Kedaara Capital and Alpha Wave Ventures will also offload part of their stakes. For more information on promoter and investor shareholding, you can check our website.
Lead Managers
Kotak Mahindra Capital Company, Morgan Stanley India Company, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are acting as the book-running lead managers for the Lenskart Solutions IPO. To know more about lead managers, you can visit our website.
In conclusion, the Lenskart IPO is a new opportunity for Indian investors to invest in a growing company. With a strong financial snapshot and a well-structured IPO, Lenskart is poised for growth. However, it is essential to do your research and consult with a financial advisor before making any investment decisions. For more information on IPO news, you can check our website.
