Lenskart IPO approved by SEBI, to raise ₹8,876 crore soon
Hyderabad: The Lenskart IPO has received a green light from market regulator SEBI, clearing the way for one of India’s largest startup listings this year.
The Gurugram-based eyewear company will now file its updated prospectus and is planning a mid-November listing. The company had filed its draft papers in July 2025.
₹8,876 crore to be raised at $10 billion valuation
Reports suggest that Lenskart will raise ₹8,876 crore ($1 billion) at a $10 billion valuation, making it the third-largest IPO of the year after Tata Capital and LG Electronics.
The offer combines a fresh issue worth ₹2,150 crore and an offer-for-sale from existing investors, including founders Peyush Bansal, Neha Bansal, and Amit Chaudhary.
Funds raised will be used for expansion — ₹272 crore for new stores and ₹591 crore for rentals and leases of existing ones. The rest will support technology investments, marketing, and acquisitions under its CoCo retail model.
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