Lenskart IPO: Peyush Bansal-led Indian eyewear firm Lenskart obtained the approval of its shareholders on Sunday, 27 July 2025, to boost ₹2,150 crore by a recent situation of shares, reported the information portal Moneycontrolciting folks conscious of the event.
In line with the information portal’s report, the corporate filed its company motion growth with the Ministry of Company Affairs’ (MCA) Registrar of Corporations (RoC), as per the info accessed by TheKredible.
The proposal to boost cash by way of an IPO was reportedly given the inexperienced mild on the firm’s annual normal assembly on 26 July 2025. In line with the report, the eyewear firm is anticipated to file its draft crimson herring prospectus (DRHP) with the capital markets regulator, the Securities and Trade Board of India (Sebi), within the upcoming days.
The general IPO measurement is anticipated to be round $1 billion or ₹8,500 crore, which features a secondary offer-for-sale (OFS) part by the prevailing buyers, in keeping with the company report.
Construct-up to Lenskart’s IPO
In line with Mint’s report from earlier this month, the eyewear firm’s founder, Peyush Bansalis seeking to purchase a 1.5-2% stake within the eyewear retailer price about $150 million from present buyers forward of its deliberate IPO.
“Peyush is shopping for small stakes from a bunch of buyers. That is being negotiated at round $7-8 billion valuation,” in keeping with Mint’s report citing folks conscious of the event.
Present buyers like TR Capital, Chiratae, Softbank and Kedaara Capital are anticipated to promote their stake as a part of the deal.
Through the years, the corporate has raised $1.08 billion in funding throughout 19 rounds, together with its newest Collection I spherical for $18.2 million on 21 July 2023. It has obtained investments from varied companies, together with SoftBank Imaginative and prescient Fund, TPG, and Chiratae Ventures.
Kotak Mahindra Capital, Axis Capital, Citi, Morgan Stanley, and Avendus Capital are the company-appointed book-runners for the IPO, which is quickly anticipated to hit Dalal Road. The corporate was based in 2010, and since then, it has emerged as one of many largest gamers within the Indian eyewear trade. It has 2500 shops throughout the nation and a presence globally, similar to in Singapore and the United Arab Emirates (UAE).
Disclaimer: This story is for academic functions solely. The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to verify with licensed consultants earlier than making any funding choices.