India’s leading omnichannel eyewear brand, Lenskart, has officially taken a significant step toward its much-anticipated initial public offering (IPO) by converting into a public limited company. In a move signaling its readiness to debut on the stock market, Lenskart has changed its corporate name from Lenskart Solutions Private Limited to Lenskart Solutions Limited.
Corporate Conversion Clears Path for Stock Market Debut
In an extraordinary board meeting held on May 30, Lenskart’s board of directors approved a special resolution to convert the company into a public entity. This regulatory step is essential for any private company aiming to list its shares on one or more stock exchanges, as outlined in the company’s filings with the Registrar of Companies (RoC).
The company stated in its filing: “In order to undertake the offer (IPO), the status of the company is required to be changed from a private company limited by shares to a public company limited by shares.” While the company has yet to disclose the issue size or valuation, the move strongly indicates that the IPO process is officially underway.
Lenskart: From Startup to Market Leader
Founded in 2010 by Peyush Bansal, Lenskart has grown into a household name in the Indian eyewear market, offering an omnichannel retail experience that spans online platforms, mobile apps, and over 2,000 offline stores. The company has revolutionized how Indians buy prescription glasses, sunglasses, and contact lenses, combining convenience, affordability, and technology.
With a customer-first approach, Lenskart has also expanded globally, making inroads into markets like Southeast Asia and the Middle East. It has raised substantial funding from global investors, including SoftBank, Temasek, KKR, and ChrysCapital, and is currently valued at around $5 billion.
IPO Buzz: Market Expectations Rising
Lenskart’s conversion into a public company is expected to be a precursor to one of the most high-profile IPOs in the Indian consumer tech sector. Industry watchers believe the listing could take place within the next 12 to 18 months, depending on market conditions and regulatory approvals.
The IPO is likely to give Lenskart access to a wider investor base, enhance brand visibility, and provide capital to fuel further expansion, both in India and overseas. It could also lead to partial exits for early investors and unlock significant value for shareholders.
Strategic Timing and Market Momentum
The timing of Lenskart’s move aligns with a reviving IPO market in India, particularly for consumer brands and tech startups. With a proven business model, solid unit economics, and a growing international footprint, Lenskart is well-positioned to attract investor interest.
Analysts suggest that its omnichannel model, proprietary tech, and vertically integrated supply chain offer a competitive edge in the eyewear industry, which is witnessing rapid digitization and consolidation.
As Lenskart Solutions Limited gears up for its IPO, the transformation from a private startup to a public company marks a new era—one defined by growth, transparency, and global ambitions.
