Clear Vision: Lenskart Prepares for its Dalal Street Debut
India’s eyewear unicorn, Lenskart, is all set for its highly anticipated stock market debut. The Securities and Exchange Board of India (SEBI) has granted approval for the company’s ₹8,000 crore Initial Public Offering (IPO). The issue is expected to be a combination of a fresh issue for growth capital and an Offer for Sale (OFS) for existing investors.
CEO Peyush Bansal has indicated that a significant portion of the proceeds will be used to scale the company’s Smart Glasses division. Lenskart recently entered into a strategic collaboration for augmented reality (AR) lenses, aiming to transition from a traditional retailer to a deep-tech fashion player.
Operating at Profit
Unlike many other tech startups hitting the market, Lenskart enters its IPO with a focus on sustainable profitability. Its automated manufacturing facility in Bhiwadi (the world’s largest) has significantly brought down costs, allowing the firm to maintain high margins while expanding its presence across Southeast Asia and the Middle East.
