Hyderabad: India’s leading eyewear brand Lenskart has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its upcoming IPO. The company plans to raise nearly ₹8,876 crore and list by mid-November, according to reports.
The Lenskart IPO will combine a fresh issue of ₹2,150 crore and an offer-for-sale by existing shareholders, including Peyush Bansal, Neha Bansal, and Amit Chaudhary. The total issue size will exceed 13 crore shares, valuing the company around $10 billion (₹88,764 crore).
Funds to boost store network and technology
Lenskart intends to channel IPO proceeds into business expansion — including new stores worth ₹272 crore and ₹591 crore for leases, rentals, and operational costs at its existing 2,700 stores.
The funds will also fuel technology investments, brand marketing, and potential acquisitions. The company is prioritizing its CoCo (Company-Owned Company-Operated) model for deeper control and faster scalability.
If the timeline holds, Lenskart will join the list of top three IPOs in India this year, following Tata Capital and LG Electronics.
