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Lenskart IPO: The Ivier Retailer Lenskart plans to raise Rs 8500 crore i.e. about 1 billion dollars through the IPO. Lenskart Solutions has filed an application for IPO on the stock exchange on Monday. Under this proposed IPO, the company will issue new shares up to Rs 2150 crore (about $ 25 million). Along with this, the current shareholders will be able to sell their shares through the offer for sale (OFS). The company is trying to listed in the stock market by the end of this year.
Founder and investor
Lenskart was founded by Amit Chaudhary, Piyush Bansal, Neha Bansal and Sumit Kapahi. The company has invested in this company by prominent investors like Temasake, Alphevev Global, SoftBank, KKR, Kedara Capital and TPG.
India’s leading ievier brand
Lenskart is a major iwear brand of India. It has about 2000 physical stores across the country, and it is also active online. Recently it has officially become a public company. In the board meeting held on May 30, the special proposal was passed to change the name of the company from Lenskart Solutions Private Limited to Lenskart Solutions Limited.
Great growth in revenue
Lenscart’s revenue in the financial year 2023 was $ 44.3 million, which increased to $ 64.5 million in the financial year 2024 – ie an annual growth of 46%. The company is expected to have a revenue of $ 75.5 million in the financial year 2025, which will increase by about 17% compared to the previous year. Lenskart was started by Piyush Bansal in 2010, he is still the CEO of this company. India’s eyewear company Lenskart sells contract lenses as well as contract lenses.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
