#LenskartIPO #SEBIApproval #EyewearTech #PeyushBansal #StartupToIPO #IndianStartups #FreshIssue #DStreet #IndianMarkets #IPOUpdate #CapitalMarkets #RubiconResearchIPO
New Delhi: The Securities and Exchange Board of India (SEBI) has given its final nod to the Draft Red Herring Prospectus (DRHP) of Lenskart Solutions Ltd., paving the way for the omnichannel eyewear retailer’s much-anticipated Initial Public Offering (IPO).
The IPO is set to comprise a fresh issue of equity shares worth ₹2,150 crore, which the company intends to deploy to fuel its aggressive global expansion strategy, including opening new stores and investing in technology.
The public offering will also include a massive Offer for Sale (OFS) of up to 13.2 crore shares by existing investors and promoters. Key investors participating in the OFS include marquee names like SoftBank-backed SVF II, Alpha Wave Ventures, Temasek, Premji Invest, and Kedaara Capital. Among the promoters, CEO Peyush Bansal will offload 2 crore shares, alongside smaller stakes from co-founders Neha Bansal, Amit Chaudhary, and Sumeet Kapahi.
Financial Turnaround: The SEBI clearance follows a major financial turnaround for Lenskart. The company clocked a net profit of ₹297.3 crore in FY25, a significant swing from a net loss of ₹10.2 crore in FY24. Revenue also saw a robust 23% year-on-year surge to ₹6,652.5 crore, with a Compound Annual Growth Rate (CAGR) of 33% over the last two years. Gross margins simultaneously improved by over 500 basis points to approximately 69%.
Lenskart, founded in 2008, currently operates more than 2,000 stores globally and joins a growing list of Indian startups—including Meesho, PhysicsWallah, and Groww—gearing up for their public market debuts. The company is now expected to announce its IPO dates and price band soon, with reports suggesting a potential listing by mid-November 2025.
In Other IPO News:
Pharmaceutical company Rubicon Research has set the price band for its upcoming ₹1,377.5 crore IPO at ₹461 to ₹485 per share. The issue, which is a mix of a fresh issue and an Offer for Sale, is scheduled to open for subscription from October 9 to October 13, 2025.
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#LenskartIPO #SEBIApproval #EyewearTech #PeyushBansal #StartupToIPO #IndianStartups #FreshIssue #DStreet #IndianMarkets #IPOUpdate #CapitalMarkets #RubiconResearchIPO
