Lenskart IPO: Eyewear retailer Lenskart is set to make its stock market debut, with its initial public offering (IPO) opening for subscription on October 31 and closing on November 4.Lenskart, founded in 2008, operates over 2,500 stores across India, the Middle East, and Southeast Asia, and has evolved into a global omnichannel eyewear retailer.The listing is expected on November 10, 2025. Here are ten key things to know about the Lenskart IPO:
1. Issue size and structure
The total IPO size is estimated at Rs 7,278 crore, comprising a fresh issue of Rs 2,150 crore and an offer for sale (OFS) worth about Rs 5,128 crore by promoters and existing investors.
2. Price band and lot size
Lenskart has set a price band of Rs 382–Rs 402 per share with a face value of Rs 2. Investors can bid in lots of 37 shares and in multiples thereafter, reported ET.
3. Market debut and grey market premium
The IPO opens on October 31 and closes on November 4. The tentative listing date is November 10. In the grey market, shares are trading at a premium of Rs 75, suggesting a possible 19% listing gain over the issue price, the report said.
4. Founder Peyush Bansal ’s payout
Founder and CEO Peyush Bansal, known from
Shark Tank India
, will sell 2.05 crore shares for Rs 823.66 crore at the upper price band. His average acquisition cost is Rs 18.6 per share, giving him a 2,061% return. After the IPO, he will retain an 8.78% stake in Lenskart.
5. Co-founder Neha Bansal’s share sale
Co-founder Neha Bansal, also the sister of Peyush Bansal, will sell 10.1 lakh shares for Rs 40.62 crore. Her acquisition cost was Rs 7.60 per share, translating into a 5,189% return. Her stake will drop from 7.61% to 7.16% after the IPO.
6. Other promoters and investors selling shares
Promoters Amit Chaudhary and Sumeet Kapahi are selling about 28.7 lakh shares each. Both of them own small stakes of about 0.8% in the company. Institutional investors including SoftBank, Temasek’s MacRitchie Investments, Schroders Capital, Kedaara Capital, Alpha Wave, and PI Opportunities Fund are also participating in the OFS.
7. Multibagger returns for early backers
SoftBank Vision Fund II, which invested at Rs 74.26 per share, will see a 422% return. PI Opportunities Fund, which bought shares at Rs 24.14, is set to gain 1,560%.
8. Pre-IPO investment from Radhakishan Damani
Ahead of the IPO, DMart founder Radhakishan Damani invested Rs 90 crore at Rs 402 per share, signaling strong investor confidence in Lenskart’s growth prospects, as reported by ET.
9. Use of IPO proceeds
The fresh issue proceeds will be used to open new company-owned stores, cover lease and rental expenses, strengthen technology and marketing, and fund potential acquisitions.
10. Financial performance and valuation
In FY25, Lenskart posted a net profit of Rs 297 crore on Rs 6,625 crore revenue, up 22% year-on-year. The company’s valuation is pegged at around Rs 70,000 crore ($8 billion), making it one of the largest consumer-tech IPOs of 2025.
