Lenskart IPO to open on October 31, aims to raise ₹7,278 crore

India’s leading organised eyewear retailer, Lenskart Solutions, is set to make its stock market debut with an initial public offering (IPO) opening on October 31, 2025.

The company, which is backed by global investors like Softbank, ADIA, Temasek, and Kedaara Capital, aims to raise approximately ₹7,278 crore, making it one of the largest consumer-tech listings in India in recent years.

IPO structure

The IPO will comprise two key components:

Fresh Issue: Lenskart plans to raise ₹2,150 crore by issuing new equity shares.
Offer for Sale (OFS): Existing shareholders, including promoters and institutional investors, will sell up to 12.75 crore shares, following a reduction of 47.26 lakh shares by co-founder Neha Bansal.

Investor timeline

Anchor Investor Round: October 30, 2025
Public Subscription: October 31-November 4, 2025
Share Allotment Finalisation: November 6, 2025
Listing on BSE and NSE: Expected November 10, 2025.

Who are the investors?

Lenskart has attracted significant investment from a diverse group of global and Indian investors, reflecting strong confidence in its business model and growth prospects. Key backers include:

SoftBank Vision Fund: Holding approximately 15% of the company.
Abu Dhabi Investment Authority (ADIA): Invested $500 million in March 2023.
KKR & Co.: Joined as an investor in 2021.
TPG Growth: An early investor, it has been involved in many funding rounds.
Temasek and Fidelity Management & Research: Participated in secondary share transactions, with Fidelity valuing Lenskart at $6.1 billion as of April 2025.
PremjiInvest: Invested approximately ₹200 crore in 2016.
Chiratae Ventures, Kedaara Capital, and Unilazer Ventures: These investors have been involved in various funding rounds.

Additionally, prominent Indian investors such as Radhakishan Damani, founder of DMart, have shown confidence in Lenskart by investing ahead of its IPO. 

Also watch: Polio-Like Moment in Vision Care? Lenskart’s Plan To Be The Eyewear Capital Of The World

Founded in 2010, Lenskart has grown from an online retailer to an omnichannel eyewear brand with over 2,000 stores in India and 656 international outlets. The company manufactures its products at a facility in Bhiwadi, Rajasthan, with an annual production capacity of 50 million glasses, and offers multiple brands including John Jacobs, Hustlr, and Lenskart Air.

The funds raised via the IPO are intended to support Lenskart’s expansion plans, including the opening of new stores, enhancing technology infrastructure, and other general corporate purposes.

Industry analysts anticipate robust investor interest in Lenskart’s listing, reflecting rising demand in India’s eyewear sector amid increasing vision-related health issues and greater healthcare access.

Lenskart’s IPO also signals the start of a series of consumer-tech listings, with companies such as Groww, Pine Labs, ICICI Prudential AMC, and boAt expected to collectively raise nearly ₹35,000 crore in the coming months, according to a Business Today report.