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27 March 2023

Lenskart is planning to launch an IPO in the next 12 months

Lenskart, a well-known eyewear brand in India, has made a surprise announcement that it plans to launch an Initial Public Offering (IPO) in the next 12 months. The company's focus on delivering high-quality eyewear products such as frames, glasses, contact lenses, and sunglasses has helped it establish itself as a leading player in the market.

Founded in 2010 by Peyush Bansal and Amit Chaudhary, Lenskart has attracted several investors over the years, raising a total of ₹5,284 crores. Major investors include SoftBank, Temasek Holdings, TPG Growth, IFC, and Premji Invest. Despite facing tough competition from other companies such as Titan Eye Plus, Coolwinks, and GKB Opticals, Lenskart has managed to maintain its position as a leader in the Indian eyewear market.

In terms of financial performance, Lenskart has seen significant growth in recent years. In 2020, the company reported a net profit of ₹30 crores, a significant improvement from the previous year's net loss of ₹109 crores. This strong financial performance has made Lenskart an attractive investment opportunity, and the upcoming IPO is expected to generate considerable interest among investors.

According to our estimation, Lenskart is planning to raise bteween ₹8,000 crores to ₹10,000 crores through its IPO, which is equivalent to approximately $1 billion. This amount would value the company at around ₹37,500 crores. The funds raised will be used to expand Lenskart's business operations and strengthen its position in the Indian eyewear market. Although the company has not provided any further details regarding the IPO, it is expected to be one of the most substantial IPOs in recent times in India.

The Indian eyewear market is rapidly growing, and the COVID-19 pandemic has accelerated the shift towards online purchasing of eyewear products. Lenskart's strong online presence and focus on delivering high-quality eyewear products have helped it capture a significant market share. The upcoming IPO is expected to further boost Lenskart's growth and expansion in the country.

In conclusion, the announcement of Lenskart's upcoming IPO is a significant development for the company and its investors. Its strong financial performance, growing popularity, and commitment to providing high-quality eyewear products make it an attractive investment opportunity. With plans to raise between $8,000 crores to ₹10,000 crores through the IPO, Lenskart is well-positioned to expand its operations and strengthen its position in the Indian eyewear market.

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Lenskart is planning to launch an IPO in the next 12 months

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