Lenskart IPO 2025: Inside India’s Visionary Eyewear Giant’s Historic Market Debut

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Lenskart IPO 2025: A Visionary Leap Toward the Public Markets

Lenskart IPO – India’s leading omnichannel eyewear brand, Lenskart Solutions Ltd, is gearing up for one of the most anticipated IPOs of 2025. Founded by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi. They transformed the way Indians buy eyewear—blending technology, affordability, and accessibility. Now, as it prepares to list on the Indian stock exchanges, the company aims to widen its global footprint and fortify its leadership in the organized eyewear segment.

Lenskart IPO Overview: Dates, Size, and Structure

Lenskart’s IPO is scheduled to open on October 31, 2025, and close on November 4, 2025. According to its Red Herring Prospectus (RHP), the company plans to raise around ₹2,150 crore through a fresh issue of shares, along with an offer for sale (OFS) of nearly 127.5 million shares by existing shareholders.

The IPO will be the first-ever exclusive eyewear retail listing in India, marking a milestone in the country’s consumer-tech and retail space. The proceeds from the issue will primarily fund expansion of company-owned stores, technology upgrades, cloud infrastructure, and general corporate purposes.

Company Profile: A Snapshot of Lenskart’s Scale

Headquarters: Gurugram, India
Number of Stores: 2,000+ retail outlets (as of 2025)
Regions Served: India, Southeast Asia, East Asia, the Middle East, and the United States
Brands: Lenskart Air, Vincent Chase, John Jacobs, Hustlr, Aqualens, Lenskart Boost, and more
Revenue (FY25): ₹6,652 crore (~US$790 million)
Net Income (FY25): ₹297 crore (~US$35 million)
Employees: 3,236 (2025)
Subsidiaries: Owndays, Neso Brands

With a customer-first philosophy, Lenskart leverages data-driven insights, virtual try-ons, and AI-based lens recommendation systems—creating a seamless online-to-offline eyewear buying experience. (Lenskart IPO)

Lenskart IPO 2025 : Valuation and Investor Sentiment

The company, backed by marquee investors such as SoftBank, Temasek, Kedaara Capital, and Alpha Wave Ventures, was last valued at US$6.1 billion (approximately ₹50,000 crore) in September 2025.
In a notable pre-IPO move, founder Peyush Bansal bought back 2.5% equity stake from investors like SoftBank and Chiratae Ventures for ₹222 crore, reflecting a valuation exceeding ₹8,700 crore for the business segment. This buyback reinforced market confidence in Lenskart’s long-term potential and founder conviction.

Analysts suggest the IPO could push the company’s market capitalization beyond ₹60,000 crore, depending on investor demand and listing premium.

Business Model: Click-and-Mortar Dominance

Lenskart operates on a “click + mortar” model, integrating the efficiency of online platforms with the trust and accessibility of physical retail. The brand caters to India’s vast population where more than 30% require vision correction, yet organized retail accounts for less than 20% of eyewear sales. (Lenskart IPO)

The company earns through three primary verticals:

Eyewear Sales – Glasses, lenses, and sunglasses via online and offline channels.
Subscription & Services – Contact lens subscriptions and after-sales maintenance.
Private Labels – High-margin in-house brands like John Jacobs and Vincent Chase.

Its AI-powered personalization, mobile eye-testing vans, and affordable pricing have given Lenskart an unbeatable edge in India’s growing eyewear market.

Financial Performance: Steady and Sustainable Growth

Lenskart’s financial growth has been impressive over the last few years:

FY22 Revenue: ₹3,788 crore
FY23 Revenue: ₹5,290 crore
FY25 Revenue: ₹6,652 crore
FY25 Net Profit: ₹297 crore

The company turned profitable after years of heavy tech and marketing investments—demonstrating a sustainable and scalable business model. Improved margins from in-house manufacturing and overseas expansion contributed to profitability.

Global Expansion: A Strategic Vision

Lenskart has gone beyond India’s borders, operating in:

Singapore, Malaysia, and Thailand (through subsidiary Owndays)
Middle East markets like UAE and Saudi Arabia
The United States via its digital storefront

The acquisition of Japanese eyewear brand Owndays in 2022 gave Lenskart a strong presence in Asia, increasing its footprint to over 4,000 stores worldwide. Its ambition is to become the largest global eyewear brand by 2030.

Board and Leadership

The leadership is driven by a strong mix of innovation and retail experience:

Peyush Bansal: Chairman, Managing Director, CEO & Co-founder
Neha Bansal: Executive Director, Global Head of Merchandising
Amit Chaudhary: Executive Director, Global Head of Expansion
Sumeet Kapahi: Global Head of Sourcing
Independent directors include Ashish Kashyap, Bijou Kurien, and Sayali Karanjkar, among others—ensuring robust corporate governance.

Risks and Challenges

Despite its strong fundamentals, Lenskart’s IPO journey comes with challenges:

Rising competition from local players and global giants like Titan Eye+ and Specsavers.
Dependence on consumer discretionary spending.
Margin pressure due to rapid store expansion.
A minor internal disclosure regarding a co-founder’s untraceable academic documents—though not material, it highlights governance scrutiny before listing.

A Clear Vision for the Future

The Lenskart IPO 2025 represents more than just a financial event—it’s a defining moment for India’s consumer retail and startup ecosystem. Combining innovation, technology, and affordability, Lenskart has not only revolutionized eyewear in India but is now setting its sights globally.

For investors, the IPO offers exposure to a profitable, fast-growing, and digitally advanced retail company led by a visionary founder. As India’s first pure-play eyewear company to list publicly, Lenskart’s market debut could redefine investor confidence in the country’s next generation of retail-tech enterprises.