Lenskart has filed a draft red herring prospectus with SEBI to raise ₹2,150 crore, comprising a fresh issue and offer for sale by existing investors.

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The IPO will include the sale of up to 13.2 crore shares from investors like SoftBank, Kedaara Capital, and founder Peyush Bansal, who plans to sell up to 2 crore shares.

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The company aims to raise up to ₹430 crore in a pre-IPO placement round, as outlined in its draft filing.

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₹272.6 crore from the IPO proceeds will be used to build and furnish new Company-Owned, Company-Operated (CoCo) stores.

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Lenskart will allocate ₹591.4 crore toward lease, rent, and license fees for its CoCo stores across India and abroad.

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Another ₹213.3 crore will go toward enhancing cloud infrastructure and upgrading the company’s technology stack.

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₹320 crore will be spent on marketing, branding, and customer acquisition to strengthen Lenskart's presence in current and new markets.

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With FY25 revenues rising 22.6% to ₹6,652.5 crore and a profit of ₹297.3 crore, Lenskart signals strong financial performance heading into its IPO.

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