Your Startup News Platform - Stay Updated with the Latest!
Startupory
Subscribe
Startup News

Lenskart Files DRHP for ₹7,500 Crore IPO at $10 Billion Valuation

By , News Editor5 min read
Share:
Lenskart files DRHP for 7500 crore IPO at 10 billion valuation

Eyewear major Lenskart has filed its draft red herring prospectus with SEBI for a ₹7,500 crore IPO comprising fresh issue and offer for sale, targeting a valuation of $10 billion.

Key Facts

Key facts: Lenskart Files DRHP for ₹7,500 Crore IPO at $10 Billion Valuation
DetailValue
Deal size₹7,500
StageIPO
Valuation$10 billion
SectorLenskart
CoverageStartup News

Lenskart has filed its DRHP with SEBI for a ₹7,500 crore IPO, becoming the latest Indian consumer internet major to head to the public markets.


IPO Snapshot


  • Issue size: ₹7,500 crore (~$900 million)
  • Fresh issue: ₹2,500 crore
  • OFS: ₹5,000 crore (SoftBank, KKR, Premji Invest paring stakes)
  • Target valuation: $10 billion
  • Bankers: Kotak, Morgan Stanley, Avendus, Axis Capital, Citi

  • Financial Highlights (FY26)


  • Revenue: ₹6,800 crore (up 36% YoY)
  • EBITDA margin: 18.5%
  • PAT: ₹220 crore (turned profitable)
  • Stores: 2,800+ globally (India, SEA, Middle East, Japan)

  • Use of Fresh Issue Proceeds


  • ₹900 crore for new store rollouts (target: 1,500 net adds over 3 years)
  • ₹600 crore for manufacturing facility expansion in Bhiwadi
  • ₹400 crore for technology and AI-driven virtual try-on infrastructure
  • General corporate purposes

  • Why It Matters


    Lenskart joins Swiggy, FirstCry and Ola Electric in the recent cohort of Indian consumer tech IPOs. A successful listing would validate the omnichannel D2C playbook and unlock the next wave of late-stage exits for SoftBank in India.

    lenskartipodrhpeyeweard2csoftbanksebi

    Reported by Ananya Raghavan. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

    Share:

    Enjoyed this article?

    Get weekly startup insights delivered to your inbox.