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Mega-IPOs to Cap Record Month: Lenskart and Groww Parent Plan $1.7 Billion Listing Deluge

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Mega-IPOs to Cap Record Month: Lenskart and Groww Parent Plan $1.7 Billion Listing Deluge
#LenskartIPO #GrowwIPO #BillionbrainsVentures #MegaIPO #IPOSeason2025 #IndianIPOMarket #RecordFundraising #DalalStreet #StockMarketIndia #SoftBank #SatyaNadella #CapitalMarkets #IPOAlert

Mumbai: India’s blockbuster IPO market is set for a historic close to the month, with SoftBank-backed Lenskart Solutions Ltd. and Billionbrains Garage Ventures Ltd. (parent of investment platform Groww) planning to launch Initial Public Offerings (IPOs) collectively targeting $1.7 billion. The two deals, slated for the week of October 27, are expected to push October’s total fundraising past $5 billion, securing its spot as a record month for first-time share sales in India.

The Two Big Deals

Eyewear retailer Lenskart and financial services firm Billionbrains are set to add significant momentum to Dalal Street soon after the Diwali season.

Company Estimated IPO Size Key Backers/Investors Details
Lenskart Solutions Ltd. (Eyewear Retailer) ~$900 million SoftBank, Abu Dhabi Investment Authority, KKR, TPG Inc. The IPO will include a fresh issue of ₹21.5 billion (approx. $242 million) and a massive Offer for Sale (OFS) of existing shares by selling shareholders, including its founders, SoftBank, Alpha Wave Ventures, and Kedaara Capital. Lenskart was recently valued at up to $6.1 billion.
Billionbrains Garage Ventures Ltd. (Groww Parent) ~$750 million Microsoft CEO Satya Nadella The company, which operates India’s largest investment platform Groww, plans to fresh-issue shares worth ₹10.6 billion and offer up to 574.2 million existing shares in an OFS.
Both companies are aiming for a launch during the week of October 27, with the shares expected to list on the stock exchanges around November 10.

Fuelling a Red-Hot IPO Market

These two offerings come on the heels of major success stories from last week, where Tata Capital Ltd. and LG Electronics India Ltd. successfully raised $1.7 billion and $1.3 billion, respectively.

The strong appetite for domestic listings highlights a key trend: an increasing number of innovative, homegrown firms are choosing the local market over overseas venues. This is a testament to the Indian market’s rising appeal, driven by ample liquidity and robust participation from retail investors.

India’s IPO market has already seen over $15 billion raised this year, building on the $21 billion record set in 2024. The addition of Lenskart and Groww’s parent company is expected to cement the country’s position as a global IPO hotspot.

Note: The sizes and timing of the IPOs are based on ongoing deliberations and may change, according to people familiar with the matter.

Hashtags

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