Lenskart IPO: ₹2,150 Crore Public Offering to Open on October 31

We are about to witness a big milestone in India’s consumer-tech world. The Lenskart IPO opens on October 31, 2025, and the company plans to raise ₹2,150 crore via a fresh issue of shares. This marks a turning point for Lenskart, moving from being a private player to a public company traded on the stock market.
With a price band set between ₹382 and ₹402 per share, the listing could value the company at nearly ₹70,000 crore (about US $8 billion). We walk through the key facts about the IPO, review Lenskart’s business model, explore how it plans to use the proceeds, assess its market valuation, and highlight the major strengths and risks.

IPO Details and Timeline

The Lenskart IPO opens for public subscription on October 31, 2025, and will close on November 4, 2025. The company is raising a fresh issue of ₹2,150 crore, while existing shareholders will sell additional shares via an offer-for-sale (OFS) of about 12.75 crore shares. The price band is fixed at ₹382 to ₹402 per equity share (face value ₹2 each).

Institutional, anchor, and retail investors will all participate. The listing is expected soon after the subscription window closes, likely early November. Notably, this IPO is among the largest new-age IPOs in India in 2025.

Company Snapshot & Business Model

Lenskart was founded in 2010. It began as an online eyewear retailer and later expanded into physical stores and offline retail. Its model is omnichannel: design → manufacture → retail. Lenskart designs its own frames and lenses, sells via its website and apps, and operates a network of company-owned stores and franchisee outlets.
In FY25, Lenskart reported strong growth: revenues rose significantly and the company turned a profit after years of losses.
The company also has a strong international presence across multiple Asian and Middle Eastern markets. Such a model gives Lenskart advantages: tight control over the supply chain, ability to scale offline stores rapidly, and digital-first brand positioning.

Use of Proceeds & Strategic Focus

Here is how Lenskart plans to deploy the fresh capital raised via the IPO:

• A big portion will go into adding and upgrading company-owned stores (CoCo model) across India, especially in Tier-2 and Tier-3 cities.
• Funds will be used for lease and rental payments for new stores.
• Investment in technology, cloud infrastructure, and increasing digital capabilities.
• Marketing, brand building, and strengthening the offline + online customer experience.
• Some funds may also be used for inorganic growth and corporate purposes.

This strategy shows Lenskart is focusing on expansion and scaling rather than just steady state operations.

Valuation & Market Context

Lenskart is seeking a valuation close to US$8 billion (≈ ₹70,000 crore to ₹80,000 crore) for its public listing. In grey-market trades, shares of Lenskart have been quoted at around ₹510 each, implying a potential valuation of US$10 billion. The eyewear market in India is projected to grow at a double‐digit rate over the next few years.
By listing, Lenskart positions itself not just as a domestic retail player but as a global, tech-enabled eyewear brand. For India’s IPO market, this is an important signal for consumer-tech companies.

Key Strengths and Opportunities

Here are the major strengths and growth opportunities for Lenskart:

• Brand leadership & scale: Lenskart is already one of the largest eyewear retailers in India by volume.
• Omnichannel advantage: With both digital and physical presence, Lenskart can reach a wide customer base and meet diverse needs.
• In-house manufacturing and supply chain: Enables cost control, faster turnaround, and better margins.
• Growth into Tier‐2/Tier‐3 cities: Big untapped demand for eyewear and vision services exists outside major metros.
• Global expansion: The company has begun operations internationally and has room to grow in other markets.

Given these strengths and a favorable market backdrop, the Lenskart IPO looks poised for growth.

Risks and Challenges

Of course, no growth story is without risk. Here are some of the challenges for Lenskart:

• Expansion costs and store roll-out risk: Opening new stores entails lease/rental costs and capital expenditures. If the growth slows, these costs could weigh.
• Intense competition: Both domestic and global players in eyewear are vying for market share.
• Valuation premium: With the IPO valuation so high, market expectations are steep. If growth doesn’t match, it could disappoint.
• Profit sustainability: While Lenskart turned profitable in FY25, maintaining margins amid growth and price competition will be key.
• Supply chain and global risks: Dependencies on raw materials and manufacturing, as well as global operations, can pose risks.
  We must remember that the stronger the growth story, the higher the execution risk.

Conclusion

The Lenskart IPO is a landmark event for Indian retail-tech. Raising ₹2,150 crore via fresh issuance and listing in late 2025 puts Lenskart among the biggest Indian consumer-tech listings of the year. With a strong business model, omnichannel footprint, and scalable growth strategy, Lenskart is well-positioned for the next phase. Yet, the lofty valuation and execution demands mean cautious optimism is wise. For anyone following India’s IPO market, especially in consumer technology, the Lenskart IPO is one to watch closely.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.