Eyewear retailer Lenskart is gearing up for one of the most anticipated stock market debuts of the year, promising significant returns for its founders and investors. The company’s Initial Public Offering (IPO) is expected to open on October 31 and close on November 4, with a market debut scheduled for November 10. Backed by global investor SoftBank, Lenskart’s IPO will value the company at around $8 billion, marking one of India’s largest listings in 2025.
Lenskart IPO Details: Price Band and Issue Size
According to the draft red herring prospectus, Lenskart has set a price band of ₹382–₹402 per share for its upcoming IPO. The offer consists of two components — a fresh issue of equity shares worth ₹2,150 crore and an Offer for Sale (OFS) of 127,562,573 equity shares by existing shareholders.
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In total, the issue size is ₹7,025 crore, which includes an OFS worth ₹4,875 crore. The company aims to raise approximately $830 million (₹6,900 crore) through this public offering. With this move, Lenskart’s IPO will become India’s fifth-largest IPO of the year, underscoring strong investor confidence in the fast-growing eyewear brand.
Promoters and Founders to Gain Substantially
Lenskart’s IPO will deliver handsome returns for its promoters and co-founders, who are collectively selling shares worth around ₹1,100 crore in the OFS.
- Peyush Bansal, Co-founder and CEO, is expected to book ₹824 crore through the offer while retaining a significant stake worth ₹6,140 crore.
- His sister and co-founder Neha Bansal will sell shares worth ₹41 crore but will still hold a strong position with a remaining stake valued at ₹5,116 crore.
- Fellow co-founders Amit Chaudhary and Sumeet Kapahi will each realize ₹115 crore through the OFS, maintaining holdings worth ₹551 crore and ₹532 crore, respectively.
These transactions reflect the founders’ confidence in the company’s long-term growth, even as they partially liquidate holdings to realize value.
SoftBank and Other Institutional Investors Reap Big Gains
Among institutional investors, SoftBank leads with ₹1,026 crore in OFS proceeds while retaining a massive stake worth ₹9,162 crore, representing a 5.4x return on its initial investment.
Other early backers are also set to benefit from the IPO:
- Schroders Capital has exited completely, achieving a 9.8x gain.
- Kedaara Capital is securing a 5.4x return on its ₹1,575 crore holding.
- Temasek and Alpha Wave Global expect 4.1x and 3.8x returns, respectively.
- Premji Invest, one of the early investors, stands out with a 16.6x paper gain on its ₹3,124 crore investment — one of the highest among institutional backers.
These impressive returns underline the success of Lenskart’s business model and its growing dominance in India’s organized eyewear retail segment.
Lenskart’s Growth Story: From Startup to Market Leade
Founded in 2008 by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart began as a small startup with a vision to revolutionize India’s eyewear market. The company launched its online operations in 2010 and opened its first retail store in New Delhi in 2013.
Today, Lenskart operates the largest eyewear retail network in India, with stores across metropolitan areas and tier-2 and tier-3 cities. Beyond India, the company has also expanded its presence across Southeast Asia and West Asia, strengthening its international footprint.
READ ALSO- Orkla India IPO Opens Oct 29: Check GMP, Price Band & Key DetailsSo far, Lenskart has raised over $1.08 billion in equity funding from global investors. As per data from Tracxn, the company was valued at $6.1 billion as of June 2025, and its upcoming IPO valuation of $8 billion marks a significant leap in its market worth.
Competitive Landscape
Lenskart operates in a competitive market, facing rivals such as Titan Eyeplus, Specsmakers, and Vision Express in India, as well as global players like Warby Parker in the United States and Luxottica Group from Italy. However, the company’s combination of online convenience, retail presence, and affordable pricing has helped it capture a strong share of India’s eyewear market.
Future Outlook
With India’s eyewear market projected to grow rapidly due to rising awareness of vision care and increasing digital screen usage, Lenskart’s IPO comes at a strategic time. The company plans to use the proceeds from the fresh issue to expand retail operations, strengthen supply chains, invest in technology, and explore new international markets.
The upcoming public listing is expected to provide liquidity to investors, enhance brand visibility, and support Lenskart’s goal of becoming a global eyewear leader.
The Lenskart IPO marks a major milestone in India’s consumer tech and retail landscape. For Peyush Bansal and his team, it represents both financial success and the culmination of years of innovation in transforming eyewear shopping for millions. With its strong fundamentals, loyal customer base, and ambitious global expansion plans, Lenskart’s market debut on November 10, 2025, is poised to be a landmark moment for India’s startup ecosystem.
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