Lenskart Gets Shareholders Nod To Raise INR 2,150 Cr Via IPO

Omnichannel eyewear retailer Lenskart has received the approval of its shareholders to raise INR 2,150 Cr ($248.7 Mn) through a fresh issue of shares as part of the initial public offering (IPO).

As per Lenskart’s filings with the MCA assessed by Inc42, the company’s fresh issue will also include a secondary offer for sale (OFS) component by existing investors.

The listing is subject to further corporate and other approvals.

CNBC TV18 reported the development first.

The overall IPO size is reportedly expected to be around $1 Bn or INR 8,500 Cr.

Lenskart also proposed to list the equity shares on the BSE Limited and the National Stock Exchange of India Limited and any other stock exchange as determined by its board.

As per the filing, the company also received the board’s in-principle nod to allot equity shares valued up to INR 430 Cr to certain investors. The allotment would occur on or prior to filing of the red herring prospectus (RHP) with the Securities and Exchange Board of India (SEBI).

Meanwhile, the company also allotted 72,80,431 equity shares to its eligible employees under the Lenskart Employee Stock Option Plan, 2025 (ESOP 2025).

The development comes weeks after the eyewear giant converted into a public entity.

(The story will be updated soon.)

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