Lenskart Solutions IPO
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About Lenskart Solutions
Lenskart is a tech-driven eyewear company and India’s largest seller of prescription eyeglasses by volume in FY25. It designs, manufactures, and retails affordable eyewear through a direct-to-consumer model with 2,723 stores across India and international markets. Known for its in-house designs and omnichannel presence, Lenskart owns centralized production facilities enabling quick delivery and quality control. It reported ₹6,652 crore revenue in FY25, up 22.6% YoY.
Financials of Lenskart Solutions
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Fresh Issue | ₹2150 crores |
| Offer for sale | 13.23 crore shares |
Utilisation of proceeds
| Purpose | INR crores |
| Capital expenditure towards the set-up of new CoCo stores in India | 272.62 |
| Expenditure for lease/rent/license agreements for the stores | 591.44 |
| Investing in technology and cloud infrastructure | 213.38 |
| Brand marketing and business promotion expenses for enhancing brand awareness | 320.06 |
Strengths
- India’s largest seller of prescription eyeglasses by volume in FY25.
- Own brand portfolio with 105 in-house collections launched in FY25.
- Strong omnichannel network with 2,723 stores and over 100 million app downloads.
- Centralized and tech-enabled supply chain with quick delivery capabilities.
- International presence across Asia, including Singapore, the UAE, and Japan.
Risks
- High dependence on India for revenue; limited international contribution so far.
- Faces intense competition from online and offline eyewear players.
- Incurred losses in FY23 and FY24; profitability depends on scaling.
- Subject to risks related to rapid expansion and supply chain management.
- Relies on continuous tech investment; any disruption may affect operations.