Overview
Lenskart, one of India’s leading eyewear companies, has filed draft papers with SEBI for its Initial Public Offering (IPO). The issue will include both a fresh share sale and an Offer-for-Sale (OFS) from existing shareholders. With an estimated size of ₹7,500–8,000 crore, this IPO is expected to be among the largest in 2025.
Lenskart IPO – Fact Sheet
| Particulars | Details |
|---|---|
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Fresh Issue Size | ₹2,150 crore |
| Offer for Sale | ~132 million shares |
| Estimated IPO Size | ₹7,500 – ₹8,000 crore (US$850–900 million) |
| Valuation Estimate | ₹70,000 – ₹75,000 crore (US$8–9 billion) |
| Use of Proceeds | Store expansion, rentals, technology upgrades, marketing, acquisitions |
| FY25 Revenue | ₹6,652 crore |
| FY25 Net Profit | ₹297 crore |
| EBITDA (FY25) | ₹1,115 crore (17% margin) |
| Retail Network | 2,723 stores (2,067 India, 656 International) |
| Promoter Selling Stake | Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi |
| Major Investor Exit | SoftBank, Schroders Capital, Temasek, Alpha Wave, Premji Invest, Kedaara |
| Current Status | DRHP filed with SEBI (July 2025) |
| Expected Launch | Late 2025 (dates to be announced) |
IPO Structure
- Fresh Issue: ₹2,150 crore
- Offer-for-Sale (OFS): About 132 million shares by existing investors and promoters
- Estimated IPO Size: ₹7,500–8,000 crore (approx. US$850–900 million)
- Expected Valuation: ₹70,000–75,000 crore (US$8–9 billion), with reports suggesting up to US$10 billion
Use of Funds (Fresh Issue)
- ₹272 crore – Opening new company-operated stores in India
- ₹591 crore – Lease, rental, and licensing for existing stores
- ₹213 crore – Investments in technology and cloud infrastructure
- ₹320 crore – Brand promotions and marketing
- Balance – For acquisitions and general corporate purposes
Financial Performance
- FY25 Revenue: ₹6,652 crore (growth of ~22% compared to FY24)
- FY25 Net Profit: ₹297 crore (profit after a small loss in FY24)
- EBITDA (FY25): ₹1,115 crore with margin expansion to 17%
- Store Network: 2,723 outlets worldwide (2,067 in India and 656 abroad)
Shareholders Selling in OFS
- SoftBank (SVF II Lightbulb): Selling ~25.5 million shares
- Schroders Capital: Complete exit (~19 million shares)
- Other investors: Temasek, Alpha Wave, Premji Invest, and Kedaara Capital reducing stakes
- Promoters:
- Peyush Bansal – ~20.5 million shares
- Neha Bansal – ~5.7 million shares
- Amit Chaudhary – ~2.9 million shares
- Sumeet Kapahi – ~2.8 million shares
Key Highlights
- One of the largest IPOs of 2025 in India’s retail sector
- Rapid revenue growth and return to profitability in FY25
- Strong retail presence in India and growing international expansion
- IPO proceeds targeted at store expansion, technology, and marketing
- Backed by major global investors like SoftBank, Temasek, and Alpha Wave
For allotment status go to https://ipostatus.kfintech.com/ or https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
