Lenskart

Eyewear retailer Lenskart made a lukewarm debut on the stock exchanges, opening below its issue price before recovering later in the session amid strong investor interest. The company’s shares listed weakly due to profit-taking and cautious sentiment among retail investors but regained traction as institutional buyers stepped in. Market analysts attributed the recovery to Lenskart’s robust business fundamentals, expansive omnichannel strategy, and solid growth prospects in India’s organized eyewear segment.

In a move that underscores growing investor confidence in India’s consumer-tech sector, SBI Mutual Fund has participated in eyewear major Lenskart’s pre-IPO funding round. The investment comes as the company readies itself for a much-anticipated stock market debut, expected to value it among the country’s leading direct-to-consumer (D2C) brands.

India’s homegrown eyewear giant Lenskart is preparing to go public with a fresh issue worth Rs. 2,150 crore, marking a significant milestone in its growth journey. As part of the broader IPO structure, the company will also include an offer-for-sale component, enabling existing stakeholders to partially exit. The listing is expected to bolster Lenskart’s capital reserves for expansion, technology investments, and supply chain integration.