Lenskart, one of India's leading eyewear brands, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for a highly anticipated Initial Public Offering (IPO).
🔑 Key Highlights:
- IPO Size: Total IPO size pegged at ₹8,500 crore, including a ₹2,150 crore fresh issue and a secondary sale by existing investors.
- Valuation Aim: Targeting a $10 billion valuation.
- Shareholder Approval: Greenlight given at the AGM held on July 26, 2025.
- IPO Purpose: Proceeds from the fresh issue will fuel domestic and global expansion.
📊 Financial Performance:
- FY24 Revenue: ₹5,428 crore (43% YoY growth)
- Net Loss: Reduced to just ₹10 crore in FY24 — a major improvement from previous years.
📈 Why It Matters:
This IPO marks a landmark event in India’s consumer-tech space and will serve as a barometer of investor confidence in new-age startups tapping public markets.
📅 What's Next?
- SEBI's review of the DRHP is underway.
- IPO launch date and price band will be announced post-approval.
💡 Lenskart’s IPO could redefine how Indian D2C brands approach the public markets.
