Lenskart secures SEBI nod for IPO

Omnichannel eyewear retailer Lenskart has obtained Securities and Exchange Board of India (SEBI) approval to make its public market debut, according to a report by Moneycontrol.

This development comes two months after the company filed its DRHP in July 2025. The IPO will comprise a fresh equity raise of Rs 2,150 crore, while existing shareholders plan to sell up to 13.2 crore shares through an Offer for Sale (OFS).

As per the DRHP, the OFS will be led by marquee investors such as SoftBank, Temasek, Schroders Capital, Premji Invest, Kedaara Capital, and Alpha Wave, with SoftBank set to offload the largest portion. Co-founder and CEO Peyush Bansal will also sell 2.05 crore shares.

The proceeds from the fresh issue will be used to open new CoCo stores, cover leases and technology investments, enhance brand marketing, support business promotion, and meet other corporate needs.

According to startup data intelligence platform TheKredible, the Gurugram-based company has raised over $1.8 billion across multiple funding rounds. As per the DRHP, SoftBank is Lenskart’s largest external investor with a 15.04% stake, followed by the Abu Dhabi Investment Authority at 12.45%.

Lenskart’s revenue grew 22.6% year-on-year to Rs 6,653 crore in FY25 from Rs 5,428 crore in FY24, driving the company from a Rs 10 crore loss to a net profit of Rs 297 crore.

With SEBI’s approval, Lenskart joins other companies that recently received the regulator’s nod for their IPOs, including boAt, Capillary Technologies, Groww, and Pine Labs.