Lenskart's IPO Gets SEBI Nod; Promoters to Sell Stakes, Aim to Raise Rs 2,150 Crore
Lenskart, the eyewear retailer, has received SEBI's nod for its initial public offering (IPO). The IPO includes an offer for sale of up to 132 million shares, with promoters and several institutional investors set to offer up their stakes.
Promoter Peyush Bansal will offer up 20 million shares as part of the offer for sale. Other significant shareholders, including SoftBank-backed SVF II, Alpha Wave Ventures, Temasek affiliates, Premji Invest, and Kedaara Capital, are also expected to offer up their shares. The company aims to raise Rs 2,150 crore through a fresh issue of equity shares.
Lenskart plans to use the fresh issue proceeds for expansion, as it looks to grow its presence in the Indian market. The company posted a net profit of Rs 297.3 crore in FY25, a significant turnaround from the loss of Rs 10.2 crore in FY24.
The Lenskart IPO, with its offer for sale and fresh issue, is set to provide an opportunity for both existing and new investors. The company's strong financial performance and expansion plans indicate a positive outlook for the future.
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