Omnichannel eyewear brand Lenskart has officially taken a major step toward going public. According to sources familiar with the matter, the company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
₹2,150 Crore Fundraising via Fresh Issue
As reported by Moneycontrol, Lenskart plans to raise ₹2,150 crore (around $250 million) through a fresh issue of shares. This funding will likely be used to support the company’s future expansion, product innovation, and other strategic initiatives.
Lenskart Skips Confidential Filing Route
In a move that sets it apart from its peers, Lenskart is skipping SEBI’s confidential filing route. Instead, it is going ahead with a standard DRHP filing, making the process more transparent.
This is a notable shift compared to new-age companies like Swiggy, Groww, Boat, PhysicsWallah, and Meesho, which have either opted for or are planning confidential IPO submissions.
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A Bold Step Towards Transparency
By choosing a standard DRHP route, Lenskart is signaling confidence in its business model and financials. Filing publicly also invites more visibility and scrutiny, which could enhance trust among retail and institutional investors.
What’s Next for Lenskart?
While detailed IPO information like issue price and listing dates are yet to be revealed, this filing is a major milestone in Lenskart’s journey from a startup to a listed brand. With a strong omnichannel presence and growing international footprint, the company is positioning itself for the next phase of growth.
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