Lenskart has secured SEBI approval for its IPO, targeting a ₹2,150 crore fresh issue plus ₹13.2 crore share sale by existing investors including SoftBank, Temasek, and founders, aiming for mid-November listing.
The Gurugram-based eyewear retailer turned profitable in FY25 with ₹297 crore net profit versus ₹10 crore loss in FY24, while revenue grew 22% to ₹6,653 crore. Proceeds will fund 620 new stores, technology upgrades, and brand marketing. CEO Peyush Bansal plans to sell 2 crore shares in the OFS component.