The Incredible Rise of Lenskart IPO Valuation 2025: From 8,700 Crore to 70,000 Crore
The Lenskart IPO Valuation 2025 has become one of the most astonishing developments in India’s financial markets. In less than three months, the eyewear giant’s valuation jumped from 8,700 crore to a staggering 70,000 crore — a nearly eightfold increase. This unexpected leap has raised eyebrows across the investment community and ignited debates about what’s truly driving such a rapid surge.
Tracing the Journey of Lenskart’s Skyrocketing Valuation
A Strategic Buyback Sparks Interest
In July 2025, CEO Peyush Bansal repurchased 4.26 crore shares from early investors for 222 crore, valuing the company at about 8,700 crore. Fast-forward to October, and Lenskart is now gearing up for its IPO with an estimated valuation close to 70,000 crore.
Such a meteoric rise has fueled curiosity and speculation. Market observers are questioning whether this is pure market confidence, aggressive growth projections, or a strategic financial maneuver ahead of the IPO.
Public Reaction and Market Sentiment
While many investors admire Lenskart’s growth trajectory, some skeptics believe such a sharp revaluation within three months seems too good to be true. A few social commentators have even suggested potential insider involvement, though no evidence supports these claims.
Inside Lenskart’s Financial Growth Story
Consistent Performance and Expansion
The eyewear retailer’s financial performance does justify optimism to some extent. Over the past three years, Lenskart has recorded over 30% annual revenue growth and an impressive 90% CAGR in EBITDA.
For FY25, the company reported:
| Key Financial Indicators (FY25) | Figures |
|---|---|
| Total Revenue | 6,652 crore |
| Net Profit (including one-time gain) | 297 crore |
| Total Stores | 2,100+ |
| International Revenue Contribution | 40% |
This robust performance has positioned Lenskart among India’s fastest-growing consumer brands.
Global Expansion Drives Growth
Currently, Lenskart operates over 2,100 stores globally, and nearly 40% of its revenue comes from international operations. Its successful expansion into markets like the Middle East and Southeast Asia has significantly boosted investor confidence.
Understanding the High Lenskart IPO Valuation 2025
Management’s Perspective
CEO Peyush Bansal defended the seemingly high valuation, citing a 90% CAGR in EBITDA and the brand’s long-term scalability in an underpenetrated eyewear market. He explained:
“Valuation is not a random number; it reflects investor belief and our growth potential. Our job is to deliver value to both customers and shareholders.”
The company believes its 230x price-to-earnings and 10.5x sales multiples are justified when benchmarked against global direct-to-consumer leaders.
Investor Backing Adds Credibility
Adding to this confidence, SBI Mutual Fund recently invested 100 crore, valuing Lenskart at approximately $7.7 billion (64,000 crore). Similarly, Radhakishan Damani, the billionaire founder of DMart, acquired shares worth 90 crore in a pre-IPO deal.
Such institutional participation reinforces faith in Lenskart’s long-term vision and solidifies the legitimacy of the Lenskart IPO Valuation 2025.
Analysts’ View: Valuation vs. Reality
SBI Securities’ Take
According to a report by SBI Securities, while Lenskart’s business fundamentals are strong, the Lenskart IPO Valuation 2025 appears “stretched.” The brokerage firm anticipates limited short-term listing gains but acknowledges Lenskart’s potential in the long run.
Key insights from the report include:
- India’s eyewear market is largely untapped, leaving ample growth opportunities.
- As the company scales, profitability margins are expected to improve.
- Despite high valuations, Lenskart remains a leader in the organized optical retail space.
Comparison with Global Leaders
Compared to international peers like Warby Parker and EssilorLuxottica, Lenskart’s valuation may seem aggressive. However, analysts argue that India’s fast-growing consumer base and rising digital adoption justify a higher premium.
Lenskart IPO: Key Details for Investors
Lenskart’s IPO is expected to raise around 2,150 crore, comprising a fresh issue and an offer for sale (OFS) by existing investors.
| IPO Details | Information |
|---|---|
| Anchor Round Opens | October 30, 2025 |
| Public Offer Dates | October 31 – November 4, 2025 |
| Total Issue Size | 2,150 crore |
| Promoters’ Post-IPO Stake | 17.7% (down from 19.9%) |
| Key Selling Shareholders | Peyush Bansal, SoftBank, Kedaara Capital, ChrysCapital, KKR, Alpha Wave Ventures |
The company’s IPO is one of the biggest retail listings of 2025, expected to draw massive participation from both domestic and global investors.
The Road Ahead for Lenskart
Lenskart’s rapid growth, brand strength, and international success indicate promising prospects. However, the real test begins once the IPO hits the market. Whether the 70,000 crore valuation sustains or corrects post-listing will depend on investor sentiment, profitability, and continued business execution.
Regardless of short-term valuation debates, Lenskart IPO Valuation 2025 showcases how India’s consumer tech ecosystem is maturing — with ambitious founders, supportive investors, and global aspirations driving growth stories that were once unimaginable.
Conclusion
The Lenskart IPO Valuation 2025 is not just about numbers — it’s a symbol of India’s evolving startup landscape. From a 8,700 crore valuation in July to 70,000 crore in October, this incredible journey reflects how innovation, scalability, and investor belief can redefine a company’s destiny.
Whether the market rewards this bold bet or challenges it post-listing, one thing is certain: Lenskart has already changed the narrative for Indian consumer startups entering the public market.
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