Eyewear retail brand Lenskart has filed its draft red herring prospectus (DRHP) with SEBI to launch its initial public offering (IPO). The offering includes a fresh issue of ₹2,150 crore and an offer-for-sale (OFS) of 13.2 crore equity shares by existing shareholders.
📄 IPO Details: What’s in the Filing
According to the DRHP filed with SEBI, Lenskart’s IPO will comprise:
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Fresh Issue: ₹2,150 crore
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Offer-for-Sale (OFS): 13.2 crore equity shares
The OFS will allow some of Lenskart’s early backers and promoters to partially exit or reduce their holdings.
Also Read: L&T Q1 Results: Net Profit Surges 30% YoY to ₹3,617 Crore, Beats Estimates
💼 Use of Proceeds: Growth & Expansion
The fresh capital raised from the IPO will be utilised for:
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Expanding Lenskart’s retail presence across India and international markets
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Upgrading technology infrastructure
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Brand-building activities
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Working capital and general corporate purposes
🌍 Who’s Selling in the OFS?
Several well-known global investors and promoters are participating in the OFS. These include:
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SoftBank
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Temasek
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ADIA (Abu Dhabi Investment Authority)
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Premji Invest
The OFS gives these stakeholders a chance to partially monetise their investments.
🔍 Strategic Move Ahead of Festive Season
Lenskart’s IPO plans come at a time when festive-season demand is expected to rise. With a strong brand image, omnichannel strategy, and aggressive expansion plans, the company is likely to leverage consumer demand in Tier 2 and Tier 3 cities as well.
🧾 Quick Market Analysis
Lenskart’s public issue signals its transition from a startup to a large-scale retail brand. The IPO structure balances fundraising for growth and liquidity for early investors. The move is also in line with a wave of tech-enabled Indian startups heading to the capital markets.
