Lenskart IPO in Motion

Lenskart, a leading omnichannel eyewear retailer, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), aiming to raise a whopping Rs 2,150 crore in fresh capital. This move marks a significant milestone in the company's growth trajectory.

Offer for Sale and Valuation

The IPO includes an Offer for Sale (OFS) component of 132.2 million shares from prominent investors such as SoftBank, Kedaara Capital, Temasek, and Alpha Wave Global. Additionally, the founders are set to sell 31.8 million shares. Sources suggest a valuation target of Rs 70,000-75,000 crore ($8-9 billion), contingent on market conditions at the time of listing.

Capital Allocation and Growth

Lenskart plans to allocate Rs 272 crore for opening new stores in India and Rs 591 crore for existing store expenses. With over 2,700 stores globally, the company has demonstrated remarkable growth, achieving a net profit of Rs 297 crore in FY25, a stark contrast to the Rs 10 crore loss in FY24.

Revenue Highlights

The company's revenue saw a 22% increase to Rs 6,625 crore in FY25 from Rs 5,428 crore in FY24. International markets contributed significantly, accounting for over 40% of the total revenue, with standalone international revenue reaching Rs 2,638 crore in FY25.