Eyewear giant Lenskart is set to launch its Initial Public Offering (IPO) on Friday, October 31, 2025, with a price band of ₹382–₹402 per equity share of face value ₹2. The company will offer a ₹19 discount per share to employees under the reservation portion.
Co-founder and CEO Peyush Bansal stated that Lenskart remains bullish on expanding its manufacturing capabilities in India, with its Bhiwandi plant already 75% automated and a new facility under development in Telangana. The company currently operates 2,723 stores globally, including over 2,000 in India and 656 international outlets across Japan, the Middle East, and Southeast Asia.
Financially, Lenskart has shown strong performance, recording a CAGR of 31.3% in India revenues and 80.2% in international growth between FY23–25. Its FY25 profit before tax stands at 4.6%, projected to reach 6.2% in FY26, while EBITDA has improved to 18% in Q1 FY26.
The IPO includes a 12.76 crore Offer for Sale (OFS) component, with early investors like Softbank, TR Capital, Kedaara Capital, and Chiratae Ventures offloading stakes. Founder Peyush Bansal’s holding is valued at ₹6,964 crore at the upper price band, marking a 20x return, while the grey market premium (GMP) is hovering around ₹70.
