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Lenskart Gets SEBI Nod for IPO

The clearance covers a ₹2,150 crore fresh issue with an offer for sale of up to 13.2 crore shares.

Overview

  • Lenskart has received SEBI approval to proceed with its public offering, according to multiple reports citing regulatory clearance.
  • The offer for sale will include stakes from SoftBank’s SVF II, Alpha Wave Ventures, Temasek affiliates, Premji Invest and Kedaara Capital, with CEO Peyush Bansal selling about 2 crore shares.
  • Promoters collectively hold about 19% of the company, with institutional and other shareholders owning the balance.
  • Fresh proceeds are earmarked for expansion of the omnichannel network, technology upgrades and marketing.
  • Lenskart reported FY25 revenue of ₹6,652.5 crore and a net profit of ₹297.3 crore after a loss in FY24, and it operates over 2,700 stores serving roughly 2 crore customers.