WEDNESDAY, 7 OCTOBER 2026

QHAAT

Today in Indian Retail

Ecommerce

Lenskart sets 31 October IPO, eyes ₹2,150 cr raise

Pre-IPO cheques from Damani family and SBI MF lock valuation path; store and tech spend next.

, Editor··4 min read

Empty optical store interior with rows of spectacle frames on glass shelves
Empty optical store interior with rows of spectacle frames on glass shelves

Lenskart will open its IPO on 31 October to raise about ₹2,150 crore via fresh issue and offer for sale, with listing targeted around 10 November. Pre-IPO money already includes roughly ₹90 crore from the Damani family and ₹100 crore from SBI Mutual Fund.

The DRHP outlines use of proceeds for store expansion, technology upgrades and marketing. Cofounder Neha Bansal’s secondary sale fed part of the pre-IPO round at ₹402 a share.

Eyewear retailers care because fresh capital funds denser store grids and faster lens labs, cutting wait times at the fitting counter. A Gurugram dark-store style lab can now feed more high-street doors without stock-outs.

IPO opens 31 October with Damani and SBI MF already in.

The raise helps Lenskart pull ahead of pure-play optical chains and squeezes smaller franchise opticians on price and assortment. Titan Eye+ and local players face sharper competition on both metro and tier-2 high streets.

Watch the final price band and subscription numbers in the last week of October, just as festive gifting demand for frames peaks.

Filed under Ecommerce·Ananya Rao

Readers' mark

Be the first to mark this story.

Ask the desk

What does this mean for the shop floor?

Signed-in readers can put a question to the desk. We file a short take on this story — not a press release.

Also in this book