Hold tight! Just days before India’s largest eyewear retailer hits the stock market, retail tycoon Radhakishan Damani has dropped a jaw-dropping Rs 90 crore into Lenskart. Investors are
Hold tight! Just days before India’s largest eyewear retailer hits the stock market, retail tycoon Radhakishan Damani has dropped a jaw-dropping Rs 90 crore into Lenskart. Investors are buzzing—could this be India’s next multi-billion-dollar story? Here’s everything you need to know.
Lenskart’s Record-Breaking IPO
Lenskart is planning to raise Rs 2,150 crore through a combination of fresh shares and an offer-for-sale of 13.22 crore shares. The IPO proceeds will fuel aggressive expansion, advanced tech investments, and marketing blitzes.
Founder Peyush Bansal stands to retain a massive stake valued at around $800 million post-sale. And if the shares surge 25% on debut, Bansal could officially join the billionaire club.
“India is the myopia capital of the world. If we solve vision problems for our people, everything else—scale, profit, market cap—will follow,” Bansal told Bloomberg.
From Small Startup to Industry Leader
Founded in 2008, Lenskart started as an online platform and opened its first physical store in 2013. Today, it dominates India’s organized eyewear market and has expanded to Southeast Asia and the Middle East.
The company’s tech-driven approach allows customers to try glasses at home, order prescriptions online, and access high-quality eyewear at affordable prices—all through one seamless platform.
Why Damani’s Investment Is a Game-Changer
When Radhakishan Damani invests, markets take notice. Known for his uncanny ability to spot rising stars in retail, Damani’s Rs 90 crore bet is a strong signal that Lenskart’s growth story is just getting started.
Investors are rushing to take notice, and this IPO could see a surge of demand from both retail and institutional players alike.
The Massive Market Opportunity
With millions of Indians still facing vision problems, Lenskart has an almost untapped market at its fingertips. The IPO proceeds will help the company scale quickly, expand its store network, strengthen its online platform, and acquire smaller players—potentially cementing its position as India’s eyewear powerhouse.
Industry experts say this IPO isn’t just a fundraising event—it could redefine the Indian eyewear landscape and create one of the country’s next unicorn success stories.
What Investors Should Watch
Investing in an IPO carries risk, but Lenskart’s track record of blending online and offline convenience, coupled with marquee backers like Damani, makes it one of the most anticipated listings of the year.
The company has proven it can grow fast and innovate, making it a compelling choice for investors looking for long-term gains in India’s booming retail sector.
With the IPO launch around the corner and Radhakishan Damani putting his money behind it, Lenskart is set to capture the spotlight. Could this be the IPO that creates instant millionaires? The market is watching closely—and one thing is certain: Lenskart’s debut is more than an IPO; it’s a potential game-changer for India’s startup and retail ecosystem.
