By
Bloomberg
Published
October 31, 2025
Lenskart Solutions Ltd. started taking public orders for an preliminary public providing that would increase as a lot as 72.8 billion rupees ($821 million) as India’s market for new listings heats up.
The eyewear retailer, based by Indian “Shark Tank” choose Peyush Bansal, plans to supply its shares at 382 rupees to 402 rupees every till Tuesday, with the inventory scheduled to begin buying and selling on Nov. 10. The pricing values Lenskart at as a lot as 700 billion rupees.
Lenskart joins the flood of firms going public in one of many world’s hottest IPO markets, which is more and more being fueled by cash pumped in from home mutual funds, insurers and thousands and thousands of retail buyers. It comes as one other main deal — Billionbrains Garage Ventures Ltd., the guardian of on-line funding platform Groww — prepares to launch its IPO on Tuesday in an providing that will fetch as a lot as 66.3 billion.
The IPO values Lenskart at 10 occasions final fiscal 12 months’s enterprise worth to gross sales, prompting SBI Securities Co. to say the valuation “seems stretched.”
“Future expansion plans and growth prospects provide cushion to the valuations,” in keeping with Nirmal Bang Securities Pvt., which suggested shoppers to purchase the inventory with a long-term view.
Lenskart will increase 21.5 billion rupees from new shares, whereas present buyers are providing as many as 127.6 million shares. On Thursday, the corporate mentioned it raised 32.7 billion rupees from 147 anchor buyers that included funds managed by JPMorgan Chase & Co., BlackRock Inc. and Goldman Sachs Group Inc.
Founded in 2010, Lenskart counts Abu Dhabi Investment Authority, KKR & Co., and TPG Inc. amongst its backers.
With 2025 proceeds at practically $16 billion, India is the world’s fourth-largest IPO market, in keeping with information compiled by Bloomberg. That follows final 12 months’s report tally of $21 billion.