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.