Lenskart files IPO to raise ₹2,150 crore

New Delhi

Lenskart Solutions Ltd, a leading omni-channel eyewear brand, has filed draft papers with SEBI to launch its Initial Public Offering (IPO). The IPO will include a fresh equity issue worth ₹2,150 crore, along with an offer for sale (OFS) of 13.22 crore shares by promoters and investors. Those selling stakes include founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with investors like SoftBank, Kedaara Capital, and Alpha Wave Ventures.

The funds raised will support key growth plans such as setting up new company-owned stores across India, covering lease and rental costs, investing in tech and cloud infrastructure, brand marketing, and possible acquisitions. A pre-IPO placement of up to ₹430 crore may be considered, potentially reducing the fresh issue size.

Founded in 2008 and starting retail in 2013, Lenskart has grown from an online platform to one of India’s largest eyewear retailers, with a strong presence in metros, Tier 1 and Tier 2 cities. It has expanded internationally to Southeast Asia and the Middle East.

The company manages its design, manufacturing, and retail operations across facilities in Bhiwadi and Gurugram, and also in Singapore and the UAE. Lenskart caters to different customer segments through a variety of brands including John Jacobs, Owndays, Lenskart Air, Vincent Chase, hustlr, and Hooper Kids.

The IPO will be managed by Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets, Axis Capital, and Intensive Fiscal Services. This marks a major step for Lenskart as it looks to accelerate growth and expand its global footprint.