Eyewear retailer Lenskart Solutions Ltd has filed draft papers with SEBI to launch an IPO, aiming to raise ?2,150 crore through fresh equity issuance. In addition, existing promoters and investors—including Peyush Bansal and SoftBank-backed SVF II—will offload 13.22 crore shares via an Offer for Sale.
Proceeds will support brand marketing, tech infrastructure, and capital expansion, including ?272.6 crore for new Company-operated stores and ?591.44 crore toward lease and license payments. The company also plans a pre-IPO placement worth ?430 crore.
Founded in 2008, Lenskart is India’s largest B2C prescription eyeglass retailer by volume. It now operates over 2,700 stores globally, including international markets in Southeast Asia and the Middle East.
After turning profitable in FY25 with a net profit of ?297.3 crore, Lenskart posted ?6,652 crore in revenues and ?1,115 crore in EBITDA. Its brand portfolio spans John Jacobs, Owndays, Vincent Chase, and Lenskart Air, serving both premium and economy segments.