Lenskart IPO Opens, Sets Price

Lenskart, a leading eyewear retailer, is launching its Initial Public Offering (IPO) with the subscription window open from October 31 to November 4, 2025. The company has set a price band of Rs 382-402 per equity share, aiming to raise Rs 2,150 crore through a fresh issue of shares. The IPO also includes an offer-for-sale (OFS) where existing investors, including SoftBank Group, Temasek Holdings, Kedaara Capital, Alpha Wave Global, and promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, will offload over 12.75 crore equity shares. Notably, Schroders Capital is exiting entirely by selling its 1.13% stake. Billionaire investor Radhakishan Damani made a pre-IPO investment of Rs 90 crore. Lenskart reported a net profit of Rs 297 crore in FY25, a significant turnaround from a loss in FY24, with revenue growing 22% to Rs 6,625 crore. The company plans to use the IPO proceeds for expansion, technology investments, marketing, and potential acquisitions. The shares are expected to list on the BSE and National Stock Exchange of India on November 10, 2025, with a strong grey market premium suggesting a positive listing.