Bilkul Bazaar | By Rafat Quadri
Ahmedabad | 29 Oct 2025
Lenskart IPO Opens Oct 31; Price Band Set at ₹382–₹402 per Share
Peyush Bansal: “We’re Redefining How India Sees the World”
Lenskart Team Engages Media in Ahmedabad Ahead of IPO Launch
Lenskart’s Tech and Trust Model Drives 41% Market Share in Eyewear
Lenskart Solutions IPO Opens October 31: Peyush Bansal Leads Visionary Expansion in Eyewear Revolution
Snapshot of Lenskart Solutions Limited IPO
IPO Opening Date Friday, October 31, 2025
IPO Closing Date Tuesday, November 4, 2025
Anchor Investor Bidding Date Thursday, October 30, 2025
Price Band ₹382 to ₹402 per equity share
Face Value ₹2 per equity share
Lot Size 37 equity shares and multiples thereafter
Employee Discount ₹19 per share
Issue Size ₹2,150 crore (Fresh Issue) + Offer for Sale of up to 12.75 crore shares
Offer Structure Fresh Issue + Offer for Sale by Promoters and Investors
Promoter Selling Shareholders Peyush Bansal, Neha Bansal, Amit Chaudhary, Sumeet Kapahi
Investor Selling Shareholders SVF II Lightbulb (Cayman) Ltd., Schroders Capital PE Asia Mauritius Ltd., PI Opportunities Fund – II, MacRitchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, Alpha Wave Ventures LP
Reservations QIB – 75%, NII – 15%, Retail – 10%, Employee Reservation – ₹150 million
Listing BSE and NSE
Book Running Lead Managers (BRLMs) Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, Intensive Fiscal Services
Lenskart Solutions IPO Opens on October 31; Peyush Bansal Says, “We’re Redefining How India Sees the World”
Behind India’s vibrant streets and bustling cities lies a quiet challenge — more than half a billion Indians struggle with uncorrected vision. For Peyush Bansal, this isn’t just a statistic; it’s a calling. “Businesses should not be built on a model or channel but rather out of a problem or passion,” he believes. That passion gave birth to Lenskart, a brand that’s reimagining how India sees the world.
In an engaging, data-rich presentation in Ahmedabad, Bansal painted a compelling picture of how technology and trust are bridging the nation’s eyesight gap. From AI-led eye tests and doorstep check-ups to precision-engineered lenses, Lenskart’s mission is simple yet profound — to make perfect vision accessible, affordable, and aspirational for every Indian.
Lenskart Solutions Limited, India’s leading eyewear brand founded in 2010 by Peyush Bansal, is set to open its Initial Public Offering (IPO) on October 31, 2025, with a price band of ₹382–₹402 per share. The IPO comprises a fresh issue of ₹2,150 crore and an offer for sale of 12.75 crore shares by promoters and investors. The anchor book opens on October 30, and shares are proposed to be listed on BSE and NSE.
“Eyes are the windows to the world, and clear vision is everyone’s right, not a privilege,” said Peyush Bansal, reflecting the purpose that has guided Lenskart’s journey from a startup to India’s most trusted eyewear service provider.
On Tuesday in Ahmedabad, Peyush Bansal (Co-Founder & CEO), Sumeet Kapahi (Global Head of Sourcing), Amit Chaudhary (Global Head of Expansion), and Abhishek Gupta (CFO), along with key members of the Lenskart team, interacted with media and stakeholders, sharing the company’s growth story, innovation-led approach, and the vision behind its upcoming IPO.
Over the past 15 years, Lenskart has revolutionized India’s eyewear market by addressing long-standing consumer pain points around fit, accessibility, and trust in online purchases. The company has introduced pioneering innovations such as AI-powered virtual try-ons using augmented reality, robotic automated eye testing for zero-error tolerance, and at-home eye checkups for just ₹99, making quality eyewear both accessible and affordable.
“Our mission has always been to redefine how India sees the world — by combining cutting-edge technology with empathy,” said Peyush Bansal. “We’ve built a model where precision meets personalization — from AI-driven virtual trials to 72-hour doorstep delivery — ensuring eyewear shopping is not just easy, but joyful.”
Known for his relatable and inspiring presence on Shark Tank India, Peyush Bansal has become a household name, further enhancing Lenskart’s popularity and strengthening its emotional connect with millions of customers across the country.
With a vertically integrated supply chain and a strong omnichannel strategy blending online convenience with over 750 retail stores, Lenskart has captured a 41% share in India’s organized eyewear market. Its home try-on service and lifetime free servicing continue to strengthen customer trust.
Sumeet Kapahi, Global Head of Sourcing, noted, “Our in-house manufacturing and design ecosystem allows us to control quality end-to-end while keeping prices fair for consumers.”
Amit Chaudhary, Global Head of Expansion, added, “We’re now taking Lenskart’s omnichannel success global — building on India’s trust and innovation story.”
Abhishek Gupta, Chief Financial Officer, stated, “The IPO marks an important milestone in our growth journey. It will strengthen our balance sheet, support expansion, and further enhance our technological capabilities.”
Lenskart has successfully transformed eyewear from a functional necessity to a fashion statement — even shaping buying behavior, with nearly 75% of its customers opting for blue light filtering lenses.
“As India’s leading eye-care service provider, our goal isn’t just to sell glasses — it’s to empower vision and confidence for millions, every single day,” Bansal added.
(Rafat Quadri can be contacted at editorbilkul@gmail.com)
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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