IPO-bound eyewear giant Lenskart is gearing up for its public debut with CEO Peyush Bansal calling it a “Day Zero” moment – a fresh beginning rather than a culmination. In an interview with Moneycontrol, Bansal said going public is about building a new community of investors, earning their trust, and taking the next step in Lenskart’s growth journey.
The company’s IPO opens on October 31 with a price band of ₹382-₹402 per share, aiming to raise ₹2,150 crore through a fresh issue while existing shareholders will sell up to 12.75 crore shares via OFS. Backed by ADIA, SoftBank, and Temasek, Lenskart is targeting a valuation of around ₹70,000 crore. The issue closes on November 4, with listing set for November 10.
Bansal clarified that the IPO isn’t an exit, but a milestone toward creating a “sustainable, long-term organisation.” He noted that Lenskart already has strong cash flow and reserves, with the modest fundraising aimed at specific expansion needs.
In the next phase, Lenskart plans to democratise eye testing through remote optometry, aiming to triple testing capacity per optometrist. Drawing parallels with Reliance Jio, Bansal said, “We have to build capacity like Jio laid optic fiber – for us, it’s about creating the foundation of India’s eyewear ecosystem.”
He also revealed Lenskart’s growing focus on wearable tech, including Bluetooth-enabled smart glasses and upcoming camera-integrated eyewear, reinforcing its commitment to innovation and accessible vision care.
