image sourced from original article at Lenskart is set to launch its initial public offering on Dalal Street, opening for public subscription from October 31 to November 4. The eyewear giant aims to raise Rs 2,150 crore through a fresh issue of shares, while existing investors and promoters will sell 12.75 crore shares via an offer for sale. The funds raised will support the expansion of company-owned stores, technology upgrades, and brand-building initiatives. The move follows a significant pre-IPO investment from billionaire Radhakishan Damani, reflecting strong investor confidence in Lenskart's growth.
Founded in 2008, Lenskart has evolved from an online eyewear retailer to an omnichannel leader with over 2,500 stores across India and international markets. The company reported a robust financial turnaround in FY25, posting a net profit of Rs 297 crore and a 22 percent rise in revenue to Rs 6,625 crore. The IPO is expected to be one of the largest in India for 2025, further boosting the country's consumer technology sector.
