Avendus Capital advises Lenskart Solutions and its shareholders on its USD 828 million Initial Public Offering

We are delighted to, once again, partner with Peyush, Amit, Neha, and the Lenskart team on this landmark milestone in their growth journey. Driven by purpose, Lenskart has reimagined eyewear by taking bold and unconventional steps; it has consistently set new benchmarks for tech-led innovation and scale. As it enters the next phase of its journey as a listed company, Lenskart is poised to shape the future of eyewear globally and inspire the next generation of Indian entrepreneurs. The exceptional response to the IPO reflects deep investor conviction in Lenskart’s business fundamentals and long-term vision. For us at Avendus, it is a moment of immense pride to have witnessed and supported this evolution up close.

Lenskart stands as a remarkable testament to the evolution of India’s consumer tech landscape. The IPO has received an outstanding response, reflecting investors’ growing conviction in new-age and differentiated businesses. This is among the strongest anchor books seen in recent times, with participation from leading domestic and global investors who resonate with Lenskart’s strong ‘Make in India’ story. The diverse and high-quality investor base along with strong HNI and retail participation signals recognition in Lenskart’s omnichannel business model and robust growth trajectory. We are proud to have played a role in bringing this offering to market.