Overview

• On July 29, Lenskart filed its draft red herring prospectus with SEBI for a fresh issue of ₹2,150 crore and an offer-for-sale of 132.29 million shares, targeting an overall ₹8,500 crore IPO
• The IPO implies a valuation near ₹85,000 crore and allows promoters and early backers, including CEO Peyush Bansal, SoftBank SVF II Lightbulb and Schroders Capital, to sell substantial stakes
• Fresh-issue proceeds are earmarked for capital expenditure on new company-owned stores, lease and rent commitments, technology and cloud infrastructure, and brand marketing
• Lenskart swung to a ₹297.3 crore net profit in FY25, its first profitable year, underlining improved financial health ahead of its market debut
• Kotak Mahindra, Morgan Stanley, Citi, Axis Capital, Avendus and other banks are appointed as book-running lead managers, with final pricing and approvals still pending