{"id":4772,"date":"2025-07-29T15:56:19","date_gmt":"2025-07-29T10:26:19","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=4772"},"modified":"2025-07-29T15:56:19","modified_gmt":"2025-07-29T10:26:19","slug":"lenskart-files-drhp-with-sebi-for-%e2%82%b92150-crore-ipo","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/lenskart-files-drhp-with-sebi-for-%e2%82%b92150-crore-ipo\/","title":{"rendered":"Lenskart Files DRHP with SEBI for \u20b92,150 Crore IPO"},"content":{"rendered":"\n<p id=\"0\">Lenskart Solutions Ltd, India\u2019s leading omnichannel eyewear brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), initiating the process for its public listing. The IPO is expected to be one of the largest by a consumer tech company this year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IPO Structure and Size<\/h3>\n\n\n\n<p>The proposed IPO includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fresh Issue<\/strong>: \u20b92,150 crore<\/li>\n\n\n\n<li><strong>Offer for Sale (OFS)<\/strong>: Up to 13.22 crore equity shares by existing shareholders<\/li>\n<\/ul>\n\n\n\n<p>The total issue size is estimated between \u20b97,500 crore and \u20b98,500 crore, depending on market conditions and investor response.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Shareholders Offloading Stake<\/h3>\n\n\n\n<p>The OFS will involve partial stake sale by:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Founders: Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi<\/li>\n\n\n\n<li>Institutional Investors: SoftBank, Kedaara Capital, Alpha Wave Ventures, MacRitchie Investments, Schroders Capital, PI Opportunities Fund<\/li>\n<\/ul>\n\n\n\n<p>This move aligns with broader investor exit strategies and regulatory norms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pre-IPO Placement Option<\/h3>\n\n\n\n<p>Lenskart may consider a <strong>pre-IPO placement of \u20b9430 crore<\/strong>. If executed, the fresh issue size will be reduced accordingly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Use of Proceeds<\/h3>\n\n\n\n<p>The company plans to deploy the net proceeds toward:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Setting up new <strong>Company-Owned Company-Operated (CoCo)<\/strong> stores across India<\/li>\n\n\n\n<li>Lease, rent, and license payments for retail expansion<\/li>\n\n\n\n<li>Investment in <strong>technology and cloud infrastructure<\/strong><\/li>\n\n\n\n<li>Brand marketing and business promotion<\/li>\n\n\n\n<li>Potential <strong>inorganic acquisitions<\/strong><\/li>\n\n\n\n<li>General corporate purposes<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Financial Performance (FY25)<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue<\/strong>: \u20b96,625 crore (\u219122% YoY)<\/li>\n\n\n\n<li><strong>Net Profit<\/strong>: \u20b9297 crore (vs. \u20b910 crore loss in FY24)<\/li>\n\n\n\n<li><strong>EBITDA<\/strong>: \u20b91,115 crore (92% CAGR over 3 years)<\/li>\n\n\n\n<li><strong>EBITDA Margin<\/strong>: 17%<\/li>\n\n\n\n<li><strong>International Revenue<\/strong>: \u20b92,638 crore (\u219117% YoY)<\/li>\n<\/ul>\n\n\n\n<p>The company sold over 27 million eyewear units to 12.4 million customers in FY25, with manufacturing capacity expanding significantly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business Overview<\/h3>\n\n\n\n<p>Founded in 2008, Lenskart operates a hybrid retail model with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2,723 stores globally<\/strong>, including 2,067 in India<\/li>\n\n\n\n<li>Manufacturing facilities in <strong>Bhiwadi (Rajasthan)<\/strong> and <strong>Gurugram (Haryana)<\/strong><\/li>\n\n\n\n<li>A portfolio of brands including <strong>John Jacobs<\/strong>, <strong>Owndays<\/strong>, <strong>Vincent Chase<\/strong>, <strong>Lenskart Air<\/strong>, and <strong>Hooper Kids<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The company targets India\u2019s growing refractive error population, projected to reach 943 million by FY30.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Strategic Positioning<\/h3>\n\n\n\n<p>Lenskart\u2019s omnichannel strategy, tech-driven operations, and international footprint position it as a dominant player in the eyewear segment. Its acquisition of Japanese brand Owndays in 2022 has further strengthened its presence in Asia-Pacific markets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Lead Managers<\/h3>\n\n\n\n<p>The IPO is being managed by:<\/p>\n\n\n\n<p id=\"0\">Intensive Fiscal Services<\/p>\n\n\n\n<p>Kotak Mahindra Capital<\/p>\n\n\n\n<p>Morgan Stanley India<\/p>\n\n\n\n<p>Avendus Capital<\/p>\n\n\n\n<p>Citigroup Global Markets India<\/p>\n\n\n\n<p>Axis Capital<\/p>\n\n\n\n<p id=\"0\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenskart Solutions Ltd, India\u2019s leading omnichannel eyewear brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), initiating the process for its public listing. The IPO is expected to be one of the largest by a consumer tech company this year. IPO Structure and Size The proposed IPO includes: The total issue size is estimated between \u20b97,500 crore and \u20b98,500 crore, depending on market conditions and investor &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/lenskart-files-drhp-with-sebi-for-%e2%82%b92150-crore-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lenskart Files DRHP with SEBI for \u20b92,150 Crore IPO&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4772"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4772\/revisions"}],"predecessor-version":[{"id":4774,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4772\/revisions\/4774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4773"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}