Lenskart IPO launch date: GMP, Price, key Details

Lenskart, the renowned Gurugram-based eyewear brand co-founded by Peyush Bansal, is gearing up for a groundbreaking Initial Public Offering (IPO).

Thelenskart IPO launch is projected to raise between USD 750 million and USD 1 billion, translating to approximately INR 850 crore.

This major step signifies Lenskart’s robust growth and ambitious plans to make a significant mark in the Indian and global markets.

Plans for the IPO

Lenskart is preparing to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by the end of FY Lenskart IPO launch date 2025-26. To set the stage, the company plans to launch investor roadshows starting in February 2025. Beyond selling eyewear, Lenskart has redefined the consumer experience by integrating digital platforms, mobile apps, and a vast network of physical stores. This hybrid approach positions the company as a leader in the modern eyewear market.

Breaking Down the Numbers

The financial performance of Lenskart has been nothing short of impressive. Here are some key highlights:

Revenue Growth: Lenskart recorded a 43% increase in operating revenue in FY24, reaching INR 5,427.7 crore, compared to INR 3,788 crore in FY23.
Loss Reduction: The company significantly reduced its losses by 84%, bringing them down from INR 63.7 crore in FY23 to just INR 10.15 crore in FY24.
Total Income: Lenskart’s total income rose by 42% year-over-year to INR 5,609 crore, with expenses growing at a slower pace of 37.8%, amounting to INR 5,549 crore.

These figures showcase Lenskart’s operational efficiency and growth trajectory, making it an attractive prospect for potential investors.

Strategic Funding

Over the last 18 months, Lenskart has witnessed remarkable financial backing:

Major Investments: In June 2024, the company secured a USD 200 million investment from Fidelity Management and Temasek, boosting its valuation to USD 5.6 billion.
Secondary Share Sale: Discussions are underway for another share sale, potentially increasing the valuation to USD 6 billion.
Steady Growth: Between 2023 and early 2024, Lenskart’s valuation rose from USD 4.5 billion to USD 5 billion, signaling strong investor confidence.

Innovations and Expansion

Lenskart’s success is built on more than just numbers. The company leverages cutting-edge technology and innovative strategies to stay ahead:

AI Integration: By incorporating artificial intelligence, Lenskart offers personalized shopping experiences and virtual try-ons, setting new industry standards.
Manufacturing Investments: The company invested INR 1,500 crore in a state-of-the-art manufacturing facility in Telangana to meet rising demand.
Acquisitions: Strategic acquisitions, such as Tango Eye and Owndays, have strengthened Lenskart’s technological and global footprint.
Global Reach: With over 2,500 stores worldwide, including 2,000 in India, Lenskart is steadily expanding into untapped markets both domestically and internationally.

Riding the IPO Wave

The Indian IPO market has been buzzing with activity, and Lenskart’s entry could add significant momentum. In 2024, major startups like Ola Electric and Swiggy went public, collectively raising over INR 29,000 crore. The 2025 IPO calendar features big names like Zepto and PhysicsWallah, indicating a thriving market.

However, Lenskart faces tough competition from established domestic players like Titan Eyeplus and international giants like Warby Parker and Luxottica Group.

Despite these challenges, Lenskart’s tech-driven approach, scale, and customer-centric focus provide a competitive edge.

The Bigger Picture

Lenskart’s IPO is more than a fundraising event; it’s a bold statement about the innovation and resilience of India’s startup ecosystem. With its focus on technology, expansion, and customer experience, Lenskart is setting a benchmark for others to follow. As the company prepares for this new chapter, it promises not only growth for itself but also a ripple effect on the broader market.

Closing Thoughts

The Indian primary market has shown tremendous potential, with 2024 witnessing 90 IPOs, 71 of which delivered positive returns. With an average listing return of over 30%, the market remains ripe for new opportunities. As Lenskart steps into the spotlight, it represents not just a company’s growth story but also the strength of India’s entrepreneurial spirit.