Mumbai/Gurgaon - The Indian startup ecosystem witnessed a significant milestone today, Monday, October 27, 2025, as omnichannel eyewear giant Lenskart Solutions formally launched the pricing details for its Initial Public Offering (IPO). This move signals a major entry into the public markets for one of India's most prominent consumer technology and retail success stories, backed by global investment heavyweights.
Lenskart Targets Multi-Billion Dollar Public Valuation
Lenskart Solutions has set an ambitious valuation target of approximately 695 billion Indian Rupees (roughly $7.91 billion USD) for the offering, based on the price band announced on Monday. The company's public debut comes after it achieved profitability in the last fiscal year (FY25), posting a net profit of ₹297 crore, a key indicator of its maturing business model.
The IPO structure is a combination of a fresh issue and an Offer for Sale (OFS). Specifically, the offering includes a fresh issue of equity shares worth ₹2,150 crore, which the company intends to utilize for scaling its business operations and potentially reducing existing debt. Concurrently, existing stakeholders, including the founders and major investors, will participate in an OFS component, selling approximately 12.75 crore shares.
Global Investor Confidence on Display
The investor backing Lenskart highlights the global appeal of the Indian consumer market. Marquee investors whose stakes are being partially monetized or represented in the OFS include Japan's SoftBank, Singapore's state investment firm Temasek, and Mumbai-based private equity firm Kedaara Capital Advisors. The company was last valued at $6.1 billion as of September 10, 2025, according to Tracxn data, suggesting a significant uplift in valuation expectations for its public listing.
The public subscription window is scheduled to open on October 31 and run until November 4, with anchor investors set to place their bids a day earlier, on October 30. The consortium managing this landmark offering is extensive, featuring top-tier investment banks such as Kotak Mahindra Capital Company, Morgan Stanley India Company, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services acting as book-running lead managers.
Market Context: A Booming Indian IPO Landscape
This substantial listing is occurring against a backdrop of a robust Indian IPO market that analysts predict may surpass last year's record high of $20.5 billion. Industry forecasts suggest up to $8 billion worth of new offerings could hit the market in the final quarter of 2025 alone.
Lenskart operates in a sector poised for sustained growth, with analysts anticipating double-digit expansion in India's eyewear demand over the next five years, driven by increasing vision issues and deeper penetration of health insurance coverage. The company's physical footprint is substantial, boasting 2,067 stores across India and an additional 656 international locations, underscoring its transition from a purely online venture that began in 2010 to a dominant omnichannel retailer.
Key Financial Details and Timeline
The per-share price band has been set between ₹382 and ₹402 ($4.35 to $4.57 USD). At the upper end of this range, the total IPO is projected to raise about ₹72.78 billion.
The complete timeline for investors includes the anchor book opening on October 30, the public issue from October 31 to November 4, finalization of allotment on November 6, with tentative trading commencement expected on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) starting November 10, 2025.
The Lenskart IPO represents more than just a liquidity event for its early backers; it serves as a crucial barometer for investor appetite for scaled, profitable consumer technology platforms emerging from India, setting a high benchmark for subsequent listings in the pipeline.