Lenskart Files for IPO: Fresh Issue of ₹2,150 Cr, 13.2 Cr Shares in OFS

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:

• Fresh Issue: ₹2,150 crore

• 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:

• Expanding Lenskart’s retail presence across India and international markets

• Upgrading technology infrastructure

• Brand-building activities

• 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:

• SoftBank

• Temasek

• ADIA (Abu Dhabi Investment Authority)

• 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.

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