Seeing Clearly: Lenskart Takes the Plunge Towards Public Markets

The spectacles giant is shedding its private label! Lenskart, the beloved eyewear brand revolutionising how India sees, has officially transformed into Lenskart Solutions Limited. The shift by Lenskart from Private to public entity is an anticipated move by the company for the upcoming Lenskart IPO.

Let's understand clearly why the Lenskart IPO will be a powerhouse for the startups.

Also Read | Lenskart IPO GMP, Open Date, Allotment Status, Listing Date, DRHP

Why Going Public is a Game-Changer for India’s Eyewear Leader

This isn’t just a name change for Lenskart; it’s a strategic leap. Converting to a public limited company is the essential first move before any Indian firm can file its Draft Red Herring Prospectus (DRHP) with SEBI. Think of it as Lenskart putting on its formal attire for the big leagues – the stock exchanges. Insider whispers suggest the Lenskart IPO could be a mammoth $1 billion affair, potentially doubling the company’s last private valuation to a staggering $10 billion. That’s serious confidence in those frames!

From Funding to Fortune: Tracking Lenskart’s Soaring Value

Remember June 2024? That’s when heavyweights like Fidelity and Temasek pumped $200 million into Lenskart, valuing it at $5 billion. Fast forward just months later, and Fidelity marked up its internal valuation by 21% to $6.1 billion by April 2025. This upward trajectory signals strong belief in Lenskart’s growth story and profitability potential, setting the stage for that ambitious $10 billion Lenskart IPO valuation target.

The Numbers Don’t Lie: Profits, Scale, and Smart Glasses

What’s fueling this investor excitement? Crunch the numbers:

• Revenue Rocket: FY24 saw operating revenue surge 43% to Rs 5,427 crore (approx. $650 million).

• Losses Lens-corrected: Net loss dramatically shrank 84% to just Rs10 crore.

• Profit Path: EBITDA more than doubled to Rs856 crore, proving efficiency is in focus.

Driving this is a massive scale: 2,500+ stores globally (2,000+ in India), producing 25 million frames and 40 million lenses yearly, hitting a $1 billion annual revenue run rate.

The Visionary Behind the Frames: Peyush Bansal’s Master Plan

The charismatic founder and CEO, Peyush Bansal is all set for the upcomin IPO for the Lenskart. His mantra? Scale and consistency.” Although he has not denied that Lenskart IPO is a milestone, he adds, “Going public is a nice milestone but it is not the goal.” This is aimed at establishing a brand that provides with consistency.”

This customer‑first philosophy is embedded in Lenskart’s hybrid model – blending seamless online tech (like virtual try‑ons) with premium in‑store experiences inspired by giants like Apple. Under Piyush Bansal’s leadership, the company relentlessly innovates, integrating AI‑driven lens recommendations and same‑day delivery across 400+ cities. He invests heavily in training store associates, fostering a culture where every employee feels empowered to suggest improvements.

In the next few years, he intends to increase the investments in research and development by twofold, enter the nascent markets and create strategic alliances with leading fashion firms. It is with the help of this master plan that Peyush Bansal drives Lenskart as the name that is associated with reliability, technical design, and consumer rejoicing.

The IPO Countdown: Dates, Details, and What You Need to Know

So, when can you potentially grab a piece of the Lenskart action? Here’s the latest roadmap:

1. DRHP Filing: Lenskart is breaking from the startup pack! Instead of a confidential filing, expect a public DRHP filed in the first fortnight of July 2025. This transparency is a strong signal of their readiness.

2. Banking Powerhouse: A top-tier banking consortium (Kotak, Axis, Citi, Morgan Stanley, Avendus) is steering the Lenskart IPO ship .

3. Tentative Timeline: While exact dates await SEBI approval, market chatter points to the Lenskart IPO open date and listing happening in the last quarter of 2025 (Oct-Dec) .

4. Issue Size & Structure: Expect a massive offering around Rs8,500 crore (approx. $1 billion), split between a fresh issue (Rs6,000 crore) and an offer-for-sale (Rs2,500 crore) by existing investors.

5. GMP Watch: The unofficial grey market premium (Lenskart IPO GMP) hasn’t started yet. It will be a key sentiment indicator as to where investors are going with the IPO

Why This IPO Matters – Beyond Just Frames

Lenskart’s move is more than a financial event. It represents the maturation of India’s startup ecosystem. Here’s a founder-driven company, focused intensely on sustainable growth, profitability, and global standards, ready to test the public markets. With Peyush Bansal leading the charge, backed by solid financials and a clear omnichannel edge, the Lenskart IPO in 2025 isn't just about buying shares – it’s about buying into a vision of how Indian brands can dominate globally. Keep those eyes peeled for that DRHP!