Archive · 9 Jun 2025
Lenskart Eyes IPO After Rebranding as Public Firm
Lenskart, an eyeglasses company, is getting ready to sell stock to the public.
This means they're changing from a private company to a public one.
They want to raise a lot of money, possibly up to a billion dollars, by letting people buy shares.
Lenskart started in 2008 and has grown to be a big deal in India, selling glasses online and in stores.
They have famous investors and were doing well until last year when they lost a bit of money.
Many people will watch to see if this public offering is successful.
Lenskart, an eyewear brand, has declared itself a public firm.
The company plans an initial public offering (IPO) on Indian stock exchanges.
Lenskart aims to raise between $750 million and $1 billion through the IPO.
The company, founded in 2008, has grown into India’s largest omnichannel eyewear brand.
Lenskart's financials saw a dip in FY24, reporting a net loss of Rs 10 crore.
- Who
- Lenskart, an eyewear brand.
- What
- Lenskart is changing from a private limited company to a public limited company in preparation for an IPO.
- When
- The IPO timing has not been disclosed, but the name change happened on May 30.
- Where
- India
- Why
- To raise capital for further expansion and operations.
- Company Name
- Lenskart
- Action
- Going public
- IPO Amount
- $750 million - $1 billion
- Founded
- 2008
- Net Loss FY24
- Rs 10 crore