Lenskart plan to launch an IPO and aims to raise $1 billion

Eyewear- Lenskart company has a plan to launch an IPO worth $ 1 billion in FY 2025-26 and expects to raise their company’s valuation to around $7 to $8 billion respectively, simultaneously they are talking with bankers to be merchant bankers of this and they will be declared next month.
Lenskart IPO

Lenskart plans to establish its substantial eyewear factory in Telangana, investing about 1,500 crore. The company has signed an agreement with the Telangana government to set it up at Fab City.

Fidelity one of the substantial companies from the US has increased  Lenskart company’s value and soared by $5.6 billion respectively. This value surged 12% which was higher than the previous year, this shows how much fidelity was interested in Lenskart company.

In June of last year, Lenskart secured $200 million in a secondary investment from Temasek, a state-owned investment firm from Singapore, and Fidelity.

Lenskart is going to alter eyewear industries by providing physical and online stores and offering fast and smart shopping experiences across websites, mobile apps, and in-store. This has around 2,500 stores, wherein 2000 are nestled in India.

Financially, the revenue portion of Lenskart surged by 43% (5,427.7 crores) in 2024 in contrast to 3788 crores in 2023, according to Entrackr. Moreover, all the revenue has been generated by selling eyewear frames, lenses, and goggles, and offering additional services such as eye checkups.

Further, It is apparent that, as they have cost-effective management, it was worth it for them in order to control loss by 84%, 10 crores in FY24 which is lower than 2023 63 crore, according to Entrack.

If this is listed, so eyewear company also joins the successfully listed companies like Swiggy, Zomato, and One 97 Communications (Paytm) in the stock market.

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