Lenskart IPO: A New Opportunity for Indian Investors
Lenskart Solutions, the popular eyewear products maker, is all set to open its maiden public issue on October 31. The Softbank-backed company aims to 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 Lenskart 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 and explore the key aspects that investors should know.
IPO Structure: A Breakdown of the Offer
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.
For investors looking to participate in the IPO, it’s essential to understand the IPO process and the IPO investing strategies that can help them make informed decisions.
Use of Proceeds: Where Will the Funds Be Utilized?
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. The company 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. Additionally, Lenskart aims to utilise Rs 213 crore for investing in technology and cloud infrastructure. Remaining funds will be used for general corporate purposes.
Investors can learn more about company fundamentals and financial analysis to better understand the Lenskart IPO and its potential for growth.
Financial Snapshot: A Turnaround Story
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. The company’s financial performance is a testament to its strong business model and growth potential.
Investors can visit our stock market news section to stay updated on the latest developments in the Indian stock market and get insights on investment strategies.
Promoter and Investor Shareholding: Who’s Selling?
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.
Investors can learn more about shareholder analysis and insider trading to better understand the Lenskart IPO and its implications.
Lead Managers: Who’s Behind the Lenskart IPO?
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.
Investors can visit our IPO calendar to stay updated on the latest IPOs and get insights on IPO investment opportunities.
