SUMMARY
- Lenskart has officially transitioned from a private limited company to a public limited company, a necessary step ahead of its planned $1 billion Initial Public Offering (IPO).
- The eyewear giant aims for a $10 billion valuation, leveraging its strong revenue growth, reduced losses, and global expansion strategy.
India’s leading eyewear retailer, Lenskart, has officially transitioned from a private limited company to a public limited company, setting the stage for one of the most anticipated IPOs in the Indian startup ecosystem.
The name change from Lenskart Solutions Private Limited to Lenskart Solutions Limited is more than just a formality. It marks a strategic move to comply with regulatory requirements before listing on the stock market. As per the Companies Act, only public limited companies are eligible to offer shares to the public and file for an Initial Public Offering (IPO).
This transition comes as Lenskart prepares to raise approximately $1 billion through its IPO, aiming for a valuation of around $10 billion. Industry experts believe the move is a strong signal of the company’s ambition to expand its global footprint and deepen investor confidence.
Founded in 2010 by Peyush Bansal, Lenskart has grown rapidly with over 2,500 stores worldwide and a strong digital presence. The company follows a vertically integrated business model, covering everything from design and manufacturing to logistics and retail. This integration has allowed Lenskart to offer high-quality eyewear at competitive prices.
In FY24, the company reported a 43% jump in revenue to ₹5,427 crore and slashed its losses by 84%, reflecting strong financial momentum.
Lenskart’s public listing is expected to unlock new growth opportunities, both in India and overseas. As the brand steps into its next phase, all eyes are now on its upcoming Draft Red Herring Prospectus (DRHP) filing.
Stay tuned as Lenskart sharpens its vision for a bold public future.