Copyright indiatimes
Eyewear retailer Lenskart is set to make its stock market debut on November 10. The company’s much-anticipated initial public offering (IPO) will open for subscription on October 31 and close on November 4.Here are some of the key numbers to know about the IPO:Total issue size: Rs 7,300 croreFresh issue: Rs 2,150 croreOffer for sale (OFS): Rs 5,128 crorePrice band: Rs 382–Rs 402 per equity share (face value Rs 2)Expected valuation: Around Rs 70,000 crore (~$8 billion)OFS size: Trimmed from 132.3 million shares to 127.5 million shares (following a pre-IPO sale by cofounder Neha Bansal worth Rs 90 crore at Rs 402 per share)Use of proceeds:- Around Rs 272 crore will go towards opening new stores in India- About Rs 591 crore will be used for leasing, rentals, and other expenses of Lenskart’s over 2,700 existing outlets.- An undisclosed portion will be set aside for acquisitionsMajor selling shareholders: Founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along with investors such as SoftBank, TR Capital, Kedaara Capital, and TPG Growth.Also Read: ETtech Explainer: Inside Lenskart’s upcoming Rs 7,300-crore IPOLenskart last raised funds in 2024 from Temasek and Fidelity, in a round that valued the company at $5 billion. Fidelity marked up the valuation to $6.1 billion in mid-2025, ahead of the public issue.On the business side, Lenskart’s India operations brought in Rs 1,169 crore in revenue during the April–June quarter, marking a 25% jump from Rs 936 crore in the same quarter last year. The company also turned profitable, reporting a net profit of Rs 62 crore for the quarter, against a loss of Rs 11 crore a year ago.Lenskart’s international business, covering the Middle East and Southeast Asia, brought in Rs 736.5 crore, a 26% rise from last year, and now contributes around 40% to total revenue.
