Omnichannel eyewear giant Lenskart.com has taken a significant step toward its highly anticipated Initial Public Offering (IPO) by converting from a private limited company to a public entity.
As per regulatory filings, the company's board approved a special resolution on May 30, 2025, during an extraordinary general meeting to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited. This conversion is a crucial legal requirement to initiate the IPO process and list on Indian stock exchanges.
"In order to undertake the offer (IPO), the status of the company is required to be changed from a private company to a public company limited by shares," the company stated in its filing with the Registrar of Companies (RoC).
The move comes amid growing anticipation around Lenskart&rsquo;s IPO. Reports suggest the eyewear major is aiming for a $750 million to $1 billion public issue, targeting a valuation of $7&ndash;8 billion. The company has already onboarded Kotak Mahindra Bank and Morgan Stanley as advisors and is expected to file its Draft Red Herring Prospectus (DRHP) soon.
In addition, Lenskart is reportedly considering a $1 billion pre-IPO round to bolster its financials ahead of the public listing.
A Decade of Growth and Global Expansion
Founded in 2010 by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, Lenskart has grown into one of India&rsquo;s leading eyewear brands, delivering an integrated online-to-offline shopping experience across India, UAE, Singapore, and Japan.
The company now operates over 2,500 stores and serves more than 20 million customers. Financially, Lenskart posted a 43% jump in operating revenue in FY24 to ₹5,427.7 crore, while net losses significantly narrowed to ₹10 crore from ₹64 crore in FY23 &mdash; a testament to its improving unit economics and readiness for the capital markets.
&nbsp;
Source : startupro.in

Omnichannel eyewear giant Lenskart.com has taken a significant step toward its highly anticipated Initial Public Offering (IPO) by converting from a private limited company to a public entity.

Lenskart Takes Major Step Toward IPO, Converts to Public Company