Lenskart IPO
IPO Price Range: Not Announced Yet
As per the company’s website, it reaches more than 1 lakh customers in a month and has over 1,400 stores. Along with selling eyeglasses, sunglasses, and frames, Lenskart also offers home eye check-up services.
Lenskart IPO size is expected to be around ₹8,600 crore or $1 billion, which will value the company close to ₹86,000 crore or $10 billion. The IPO date has not been officially announced yet. It is in the process of filing the DRHP (Draft Red Herring Prospectus) with SEBI by May and looking to debut on the stock exchange in calendar year 2025.
IPO Status
Upcoming
Listing Exchange
NSE
Lenskart Brands, Products & Services
| Product | Eyeglasses, Computer Glasses, Sunglasses, Contact Lenses |
| Known For | Eyewear retailer |
| Top Products | Eyeglasses, Computer Glasses, Contact Lenses |
Lenskart Key Financials
Objectives of Lenskart IPO
Unlisted Competitors of Lenskart
EyeMyEye
EyeMyEye is an online-first eyewear retailer offering eyeglasses, sunglasses, and lenses. The company leverages discounts and in-house branding to acquire consumers.
Specsmakers
Specsmakers provides prescription eyewear and lenses through its stores and website, leveraging in-house manufacturing. It sources products directly from vendors, primarily from China.
Strengths and Risks of Lenskart IPO
Strengths
The omnichannel (online and offline) approach of Lenskart allows it to reach a wide range of customers. While the online platform offers convenience, the offline stores provide a touch-and-feel experience.
Lenskart managed to grow its sales in double digits even at a decent scale. In FY24, its sales grew 43% to ₹5,427.7 crore.
The company is actively working on enhancing customer experience using tech to provide features such as virtual 3D try-on.
Lenskart focuses on aggressive marketing and branding campaigns to be the top-of-mind brand in the eyewear sector.
Risks
Lenskart managed to grow its revenue, but is still not able to churn profits after FY21. Since FY22 to FY24, the company has reported losses each year.
The company often relies on discounts to attract customers and spends heavily on promotions, which wipes out a significant part of potential profits.
While Lenskart has grown significantly in the past few years, some well-established traditional players in the sector can be a potential threat to the company.
Frequently Asked Questions of Lenskart IPO
What is 'pre-apply' for Lenskart IPO?
'Pre-apply' for Lenskart IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.
What would be the listing gains on the Lenskart IPO?
The potential listing gains on the Lenskart IPO will depend on various market factors and cannot be predicted with certainty.
When is Lenskart IPO coming?
Lenskart IPO date is yet to be announced.
What is Lenskart IPO price?
The Lenskart IPO price has not been decided yet.
What are the open and close dates of the Lenskart IPO?
The Lenskart IPO date is yet to be declared.
What is the allotment date of Lenskart IPO?
The Lenskart IPO allotment date has not been announced yet.
Can we invest in Lenskart IPO?
Yes, once the Lenskart IPO opens, you can invest in the company’s shares.
What is the lot size of Lenskart IPO?
Lenskart IPO lot size is yet to be decided.
What is the issue size of Lenskart IPO?
The Lenskart IPO issue size is expected to be around ₹4,600 crore.