Lenskart Solutions Unlisted Shares
Lenskart gets SEBI nod for ₹2,150 crore IPO; targets mid-November listing
Business Today
2 min read
Lenskart Secures SEBI Approval for Rs 2,150 Crore IPO Set for Mid-November Listing.
Expert Analysis:
IPO Details: Lenskart Solutions received SEBI approval for its IPO, planning to raise Rs 2,150 crore via fresh equity. Additionally, promoters and investors will sell 13.22 crore shares under an offer for sale (OFS).
Promoter & Investor Participation: Shares to be sold by promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi, and investors, including SVF II Lightbulb, Schroders Capital Private Equity Asia, PI Opportunities Fund - II, Macritchie Investments, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP.
Use of Proceeds: Funds will support the expansion of CoCo stores in India, lease and license costs, technology and cloud investments, brand marketing, potential acquisitions, and general corporate purposes.
Financial Performance: Lenskart posted a net profit of Rs 297 crore in FY25, reversing a Rs 10 crore loss in FY24. Revenue grew 22% to Rs 6,625 crore from Rs 5,428 crore.
IPO Management: Top-tier merchant bankers, including Kotak Mahindra, Morgan Stanley, Citi, Avendus Capital, and Intensive Fiscal Service,s are managing the IPO.
Market Position: This IPO positions Lenskart as one of the largest new-age offerings in India, behind Tata Capital and LG Electronics, highlighting strong investor interest potential.
Lenskart’s IPO, backed by Rs 297 crore FY25 profit and 22% revenue growth, signals strong expansion potential for investors.
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