Lenskart’s IPO opens today:Investors will be able to invest from a minimum of ₹14,874, and the company will raise ₹7,278 at valuation of ₹70,000 crore

Eyewear company Lenskart’s IPO is opening today, October 31. Investors will be able to bid for this IPO until November 4. The price band for this issue is ₹382 to ₹402 per share. Investors will be able to bid for a minimum of one lot, i.e., 37 shares, starting from ₹14,874. The company’s shares will be listed on BSE-NSE on November 10. Lenskart is planning to raise ₹​​​​​​​7,278 crore through this IPO at a valuation of ₹​​​​​​​70,000 crore. For this, the company is issuing 5.35 crore new shares worth ₹​​​​​​​2,150 crore. Meanwhile, its existing investors are selling 12.76 crore shares worth ₹​​​​​​​5,128.02 crore. Earned a profit of ₹​​​​​​​297 crore in FY2025 Lenskart has performed exceptionally well in FY25. The company earned a profit of ₹​​​​​​​​​​​​​​297 crore this year, whereas it incurred a loss of ₹​​​​​​​10 crore last year (FY24). The company’s revenue also increased by 22% from ₹​​​​​​​5,428 crore to ₹​​​​​​​6,625 crore. Lenskart launched 105 new collections in FY25 In FY25, Lenskart launched 105 new collections worldwide and sold 2.72 crore eyewear units to 1.241 crore customers. The company recorded over 100 million app downloads and 104.97 million annual website visitors in FY25, and operated 2,723 stores worldwide. In 2024, the company’s valuation was $5 billion Last year in June, Lenskart raised $200 million (approx. ₹​​​​​​​1,775 crore) in funding at a valuation of $5 billion. Lenskart dominates the eyewear sector. The company’s business is also profitable. Meanwhile, the company is rapidly expanding its business in Thailand. Lenskart was founded in 2010 Lenskart, established in 2008, started as an online business in 2010. It opened its first retail outlet in 2013. This company operates one of the largest eyewear retail networks in India. Piyush Bansal and a friend from Kolkata planned to create a company that could change the habit of people in India not wearing glasses. He found another co-founder, Sumeet Kapahi, on LinkedIn. Kapahi had left a job at an eyewear company a few months earlier.
​​​​​​​The three together founded Valyoo Technologies in 2010, which had various e-commerce websites. These included Lenskart, JewelKart, BagKart, and WatchKart websites. After some time, seeing the potential in the eyewear market, the three decided to focus only on Lenskart. What is an IPO When a company issues its shares to the general public for the first time, it is called an Initial Public Offering, or IPO. A company needs money to expand its business.
In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this purpose, the company is bringing an IPO. ​