Lenskart Targets ₹69,500 Crore Valuation in Upcoming IPO
India’s largest eyewear retailer, Lenskart Solutions (LENS.NS), is eyeing a valuation of around ₹69,500 crore ($7.91 billion) through its initial public offering (IPO), according to Reuters calculations. The Gurgaon-based company has set a price band of ₹382–₹402 per share, with the offering expected to raise approximately ₹7,278 crore at the upper end. The IPO will open for public subscription from October 31 to November 4, while anchor investors can place bids on October 30.
Founded in 2010 as an online eyewear platform, Lenskart has since evolved into a major omnichannel retailer, operating 2,067 stores across India and 656 overseas. The company’s promoters include SoftBank, Kedaara Capital Advisors, and Temasek. Lenskart will issue fresh shares worth ₹2,150 crore, while existing investors — including its founders and global backers — will offload about 12.8 crore shares, as per its latest prospectus.
The IPO comes amid a buoyant Indian capital market expected to surpass last year’s record $20.5 billion in listings, with around $8 billion more offerings projected in the final quarter of 2025. Analysts at Jefferies foresee strong growth in India’s eyewear sector, citing rising vision-related issues, deeper market penetration, and expanding health insurance coverage as key growth drivers.
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