Lenskart Solutions, India's leading eyewear retailer, led by co-founder Peyush Bansal, is set to launch its highly awaited Initial Public Offering (IPO), offering new investors a chance to buy into the SoftBank, Premji Invest, and ADIA-backed company. The company is reportedly anticipating a strong response from the stock market.

The eyewear brand, known for its leading position in the manufacturing and sale of spectacles in India, is proceeding with its IPO to provide an exit opportunity and profit realization for its founders and early investors.

Key IPO Details:

• Issue Period: The IPO will open for public subscription on October 31 and is scheduled to close on November 4.

• Price Band: The company has set the price band for each equity share between ₹382 and ₹402.

• Fundraising Target: Lenskart aims to raise approximately ₹2,150 crore through a fresh issue of shares.

• Offer for Sale (OFS): Founders, including Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, will be selling a portion of their shares, alongside major investors.

Having secured approval from the Securities and Exchange Board of India (SEBI), Lenskart enjoys the backing of major global investment firms such as SoftBank, Premji Invest, Temasek, and Abu Dhabi Investment Authority (ADIA).

Investor confidence was further boosted last week following reports that D-Mart founder, billionaire Radhakishan Damani, invested approximately ₹90 crore in the company during a pre-IPO placement round.

This significant listing is positioned as a major investment opportunity in the consumer tech space, driven by Lenskart's strong market presence and recent turnaround to profitability. Also Read: Zero Enrollment Crisis: Over 8,000 Indian Schools Have Teachers, But No Student - West Bengal Tops the List!