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Lenskart is looking at a ₹70,000 Crore Valuation in Upcoming IPO Launch

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Business Honor - Lenskart Eyes ₹70,000 Cr IPO Valuation

Business Honor
29 October, 2025

Investors are excited as Peyush Bansal's Lenskart prepares for a global jump and major market release.

Lenskart is expecting a stellar launch on public markets with plans to achieve a valuation of nearly ₹70,000 crore as its IPO opens on October 31 and closes on November 4. The company has 928 retail shops primarily based in metros and is growing fast in Tier-II and Tier-III cities.

The faith from investors has been consistent and significant, from DMart's Radhakishan Damani investing ₹90 crore to co-founder Peyush Bansal recently buying back ₹200 crore worth of shares. The IPO would be one of the few promoter-led listings in the innovation-first universe. If priced at the upper limit of the price band, the company would receive a valuation of ₹69,676 crore (approximately $7.9 billion), indicating the investors' belief in Lenskart's tech-enabled, omnichannel model.

Listing is an important milestone for Bansal. With a holding of 17.3 crore shares, equivalent to 10.3% of the company, Bansal's investment has appreciated dramatically from ₹322 crore to ₹6,964 crore, or a 2061% return based on an acquisition price of ₹18.6 per share. Co-founder Neha Bansal invested ₹98 crore, buying 12.8 crore shares at ₹7.6, and has experienced growth in her stake from ₹98 crore to ₹5,156 crore, or a 5190% gain.

Together, the founders collectively hold less than the 20% promoter lock-in requirement established by SEBI for the first 18 months that the company is trading publicly. With strong brand equity, high rates of capital utilization, and improving reach, the Lenskart IPO is seen as an indicator of public demand for India's new-age consumer technology. It is also looking beyond India to expand globally and has already made strides into the Middle East, Southeast Asia, and Japan.