Representative image of a lenscart store. File | Photo Credit: Special Arrest
India’s largest ievier retailer, Lenskart, has filed for an initial public offer, which includes the issue of fresh share of 2,150 crores, according to the draft prospectus released on Tuesday (July 29, 2025).
The company’s large shareholder, known as “promoter”, will also be sold cumulatively to 13.23 crore shares. These include SoftBank in Japan, Kedara, a private equity firm in Mumbai and State Investor from Singapore.
According to TraxCN data, the value of Lenscart included in 2010 is 13 June 52,533 crore. It is the largest retailer in the country, followed by spackers and clear.
Morgan is one of the major booking managers for Stanley, Kotak Mahindra Capital, Axis Capital Holdings and City IPO.
Draft Prospectus said income from offers will be used across the country to set up a new company-owned, company-managed (cocoa) stores, investing in technology and cloud infrastructure and for general corporate purposes.
According to TraxCN data, the company’s total loan is 4.97 billion rupees, according to the financial year ending by March 2024.
Published – July 29, 2025 12:54 pm IST
