In what could become one of India’s most closely watched initial public offerings of 2025, Lenskart Solutions has officially gone public. The company secured regulatory approval from SEBI earlier this month and has launched an IPO that combines a fresh issue with an offer-for-sale component. With its omnichannel presence and growing profitability, the listing is expected to be a landmark moment for India’s consumer-tech space.
Key Highlights of the IPO
- Fresh Issue/OFS Mix: Lenskart will issue shares worth 2,150 crore through a fresh issue of shares. Also, there will be an offer-for-sale (OFS) of up to 13.23 crore shares by the existing stakeholders.
- Use of Proceeds: The Funds will be utilised on strategic objectives that will include opening additional stores operated by the company, meeting lease and license payments, technology and cloud infrastructure, marketing and brand building, among other corporate needs.
- Good Financials and Profitability: Lenskart made about 3.14 million in revenue, and the first-time reported profit of 297 crore in the financial year 2024-25.
- Regulatory Clearance and Timing: In October of 2025, Lenskart received a go-ahead on its IPO with regulatory clearance of its draft red herring prospectus (DRHP), granted by SEBI. Its listing should be in mid-November or later in Q4 2025.
- Promoter Activity: Before the IPO, Peyush Bansal, a founder, is reported to have repurchased a 2.5 per cent stake in the firm, giving him complete control of the company and a sense of confidence in the firm’s long-term vision. There are some of these early investors, such as Softbank, Temasek and Kedaara, who are likely to partially pull out in the OFS.
Why This IPO Matters
The listing of Lenskart is not just a financial event: it is a sign of how the new-age consumer and health-tech industries in India are becoming more mature. Among the main factors that have drawn so much attention to this IPO, there are:
First Eyewear-Only IPO: Lenskart will become the first pure-play eyewear company in India to go IPO to provide visibility to a niche but high-growth market.
Market Trend Tailwinds: The increasing screen time, the growing awareness of the importance of the health of the eyes, and the growing demand in the tier-2 and tier-3 cities have formed formidable tailwinds in the eyewear industry.
Integrated Business Model: Lenskart has an advantage of control over design, manufacturing, distribution, branding, and retailing, which offers an advantageous margin and supply chain.
Disclosure Transparency: The IPO documents of the firm have been characterised by a culture of transparency, even on the part of co-founders, which explains the nature of their governance and compliance.
Investor Benchmark: To investors interested in scalable, profitable and consumer-driven models, Lenskart listing will become one of the significant points of valuation and implementation metrics in the direct-to-consumer (D2C) environment.
What Investors & Market Watchers Should Focus On
- Subscription Levels: Subscription response in retail, institutional and non-institutional categories will show the sentiment of the investor and how much the market is keen on consumer-tech IPOs.
- Listing Day Performance: The valuation and demand test will be placed on the difference between the listing price and the issue price.
- Post-IPO Execution: The long-term success of Lenskart will be decided by its capacity to control its expansion strategies, balance lease liability and provide a steady stream of profits.
- Promoter Confidence: The continued participation and retention of a significant stake by the promoters will be the main pointers of confidence persistence.
- Competition in the industry: Competition in the industry, as it has newer domestic and international eyewear brands entering the market, may affect the post-listing growth trend of Lenskart.
Quick Comparison: Wakefit’s IPO Moves in Tandem
Lenskart is traded concurrently with Wakefit innovations, a home and sleep solutions brand based in Bengaluru and its IPO is also approved by SEBI.
Size & Structure: Wakefit has a fresh sale of equity amounting to 468.2 Crore and offer-for-sales amounting to 5.84 crore shares.
Use of Funds: The funds are likely to be used in increasing its retail presence, acquisition of new equipment, fulfilment of leases, and enhancement of the brand name.
Founder Exits: The founders, Ankit Garg and Chaitanya Ramalingegowda, as well as institutional investors, will be partially exiting through the OFS.
Market Positioning: Wakefit has been growing based on its home and sleep direct-to-consumer model and efficiency, which is a new chapter in the D2C development of India.
While both companies come from different sectors, they share common threads — strong brand recall, high growth potential, and a focus on omnichannel expansion. Their IPOs together underline investor enthusiasm for consumer-focused startups transitioning toward profitability and public ownership.
Final Word
Although both companies have varied backgrounds, they have unified similarities, which include good brand recall, significant growth prospects, and interest in omnichannel expansion. Their joint IPOs indicate that investors are excited about consumer-driven startups that venture into profitability and become publicly owned.
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