Mumbai12 minutes ago
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Ivier company Lenskart is preparing to bring its initial public offering i.e. IPO. The company has filed draft Red Herring Prospects (DRHP) ie draft papers for IPO for IPO.
The company will release new shares of value of Rs 2,150 crore in this IPO. Along with this, the current shareholders of the company will also sell some of their stakes through offer-for-cell. The company’s shareholders include Piyush Bansal, Neha Bansal, Amit Chaudhary and others.
This is the combination of the IPO fresh issue and offs of the company, through which more than 13.22 crore shares will be issued. The shareholders also include promoter selling shareholders and investors selling shareholders such as SVF II Lightball (Cayman) Limited and Shroders Capital Private Equity Asia Mauritius Limited.
Company will raise ₹ 8,686 crore funds from IPO
According to the Economic Times report, the company will raise $ 1 billion (current value- about ₹ 8,686 crore) funds at a valuation of $ 10 billion (about 86,875 crore rupees).
Where will the company use the fund?
- Lenskart is also considering pre-IPO placement of Rs 430 crore, after which the size of fresh issue will be reduced. The company will use the fund -raised funds for strategic initiatives.
- The company’s strategic initiatives include New-Company Operated Company-Onds, Investments in Technology, Brand Marketing and Potential Acquisition.
- Apart from this, this fund will also be used to lease and rent cocoa stores. The company will also use this fund to create tech infrastructure and increase brand awareness.
CEO of Lenskart is Piyush Bansal. (File photo)
Who is the book running lead manager for IPO?
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Evandus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and Intensive Fiscal Services Private Limited have been appointed book running lead managers for IPO. Their expertise is expected to operate the IPO process effectively.
Fileing IPO reflects the commitment of increasing its presence in the market through Lenskart’s strong growth strategy, technology investment and strategic expansion. The company’s target divers have to meet the market needs and take advantage of their strong digital and retail presence to speed up growth in future.
What is IPO?
When a company releases its shares for the common people for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.
Lenscart started in 2010
Lenskart, established in 2008, started in 2010 as an online business. The company opened its first retail outlet in 2013. The company operates one of the largest ievier retail networks in India.
Piyush and his friend started the company
Piyush Bansal and a friend from Kolkata made a plan to form a company that could change the habit of not wearing glasses. He found another co-founder Sumit Kapahi on LinkedIn. Kapahi left an iewear company job a few months ago.
The trio jointly created value technology in 2010, which had different e-commerce websites. It had Lenskart, Julcart, Bagcart and Watchcart websites. After some time, the three started focusing on lenscart only after seeing potential in the glasses market.
Lenscart launched 105 new collections in FY25
In FY 2025, Lenskart launched 105 new collections worldwide and sold 2.72 crore iVier units to 1.241 crore customers. The company downloaded more than 100 million apps in FY 2025 and registered 104.97 million annual website visitor and operated 2,723 stores worldwide.
The company’s valuation in 2024 was $ 5 billion
In June last year, Lenskart raised $ 200 million (about ₹ 1,737 crore) fund at a valuation of $ 5 billion. Lenskart dominate the ievier sector. The company also has a business profitable. At the same time, the company is increasing its business rapidly in Thailand.
