Lenskart receives shareholder nod to raise ₹2,150 crore via IPO: Report
Lenskart IPO: Indian Eyewear Company Lenskart led by Peyush Bansal received approval of his shareholder La2,150 CRORE with a new number of shares, reported MoneycontrolHe’s aware of the development of people.
According to the news report, the company presented the development of corporate action to the registration company of the Ministry of Corporate Affairs (MCA), according to data accessed by Theherkredible.
The proposal to collect money through a public offering was reported to be given green light at the annual general meeting of the company on July 26, 2025.
Approximately 1 billion dollars of the general public offering size LaIn the report, 8,500 Crore containing the proposal component for secondary sales by existing investors.
Lenskart’s public offering
At the beginning of this month, Mint said that Peyush Bansal, the founder of the glasses company, wanted to buy 1.5-2% of the existing investors before the planned public offering.
Peyush gets small bets from a group of investors. This is negotiated with a valuation of about $ 7-8 billion.
Existing investors such as TR Capital, Chiratae, Softbank and Cedaara Capital are expected to sell their share as part of the agreement.
Over the years, the company provided financing of $ 1.08 billion in 19 rounds, including the last series I round for the last I.2 million dollars on July 21, 2023. Softbank received investment from various companies including TPG and Chiratae Ventures.
Kotak Mahindra Capital, Axis Capital, Citi, Morgan Stanley and Avendus Capital are the book runners appointed by the company for the public offering that is expected to hit Dalal Street soon. The company was founded in 2010 and has been one of the biggest players in the Indian glasses industry since then. There are 2500 retail stores throughout the country and global assets such as Singapore and United Arab Emirates (UAE).
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