**Lenskart Secures Shareholder Approval for ₹2,150 Crore IPO**
Lenskart, the Indian eyewear company led by Peyush Bansal, has received shareholder approval to raise ₹2,150 crore through a new share issuance. This development was reported by MoneyControl, citing sources familiar with the matter. The company has submitted its corporate action details to the Ministry of Corporate Affairs’ Registrar of Companies.
The proposal to initiate the IPO was approved during the company’s annual general meeting held on July 26, 2025. Lenskart is expected to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) shortly.
The total size of the IPO is anticipated to be around $1 billion, or ₹8,500 crore, which will include a secondary offer-for-sale (OFS) component from existing investors. Recently, it was reported that Peyush Bansal is looking to acquire a 1.5-2% stake in Lenskart, valued at approximately $150 million, from current investors ahead of the IPO. This transaction is being negotiated at a valuation of around $7-8 billion, with existing stakeholders such as TR Capital, Chiratae, SoftBank, and Kedaara Capital expected to participate in the sale.
Over the years, Lenskart has successfully raised $1.08 billion across 19 funding rounds, including its latest Series I round, which garnered $18.2 million on July 21, 2023. The company has attracted investments from notable firms, including SoftBank Vision Fund, TPG, and Chiratae Ventures.
For the upcoming IPO, Lenskart has appointed Kotak Mahindra Capital, Axis Capital, Citi, Morgan Stanley, and Avendus Capital as book-runners. Founded in 2010, Lenskart has grown to become a significant player in the Indian eyewear market, boasting 2,500 retail outlets across India and an international presence in locations such as Singapore and the United Arab Emirates.
**FAQ**
**What is the expected size of Lenskart’s IPO?**
Lenskart’s IPO is expected to be around $1 billion, or ₹8,500 crore, which will include a secondary offer-for-sale component from existing investors.
