Overview
- Lenskart’s anchor book opens on October 30, public subscription runs October 31 to November 4, and shares are slated to list on the BSE and NSE on November 10.
- The company retained the fresh issue at Rs 2,150 crore and cut the offer-for-sale to about 12.76 crore shares after a promoter reduced her sale; the price band is yet to be announced.
- PTI-reported disclosures show DMart founder Radhakishan Damani invested roughly Rs 90 crore in a pre-IPO placement.
- Proceeds are earmarked for company-operated store rollout and leases, plus Rs 213.4 crore for tech and cloud and Rs 320 crore for brand marketing, with additional funds for acquisitions and general purposes.
- Lenskart reported FY25 net profit of about Rs 297 crore on revenue of roughly Rs 6,652 crore and posted a Rs 61.2 crore profit in Q1 FY26, operating about 2,723 stores globally.