Lenskart files for ₹2,150 cr IPO, eyes 620 new stores by 2029 amid margin pressure
India's eyewear leader filed draft IPO papers in Aug 2025 to raise up to ₹2,150 crore, with ₹273 crore earmarked for capex toward ~620 new stores by March 2029. With 2,067 India stores, 2,723 globally, and 10% market share, Lenskart faces scrutiny as aggressive expansion outpaces demand.
Lenskart filed draft IPO papers (Aug 2025) to raise up to ₹2,150 crore, funding ~620 new stores by 2029. India's eyewear leader with 2,067 stores and 10% market share faces margin pressure as expansion outpaces demand.