Support and Resistance Levels
Past performance
About Lenskart Solutions Ltd Lenskart Solutions Limited, established in 2008 as Valyoo Technologies Private Limited and renamed in 2015, is a prominent eyewear company headquartered in India. Initially launched as an online business in 2010, the company opened its first retail store in New Delhi in 2013 and has since adopted a hybrid model with both online and offline channels. By March 31, 2025, Lenskart operated 2,067 stores across India, comprising 1,757 company-owned and 310 franchise stores. Internationally, the company started operations in 2019 in Singapore and has since expanded to Southeast Asia, Japan, and the Middle East.
Lenskart specializes in prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories. It operates its own frame and lens design and manufacturing facilities in India, complemented by regional centers in Singapore and the UAE. Notably, the company acquired Owndays, a Japanese and Southeast Asian eyewear brand, in August 2022, further strengthening its foothold in the international market. In December 2024, Lenskart introduced its smart glasses line, ‘Phonic,’ which features audio-enabled technology, targeting affordability and innovation.
The company plans to go public, aiming to raise Rs 2,150 crore through a fresh issue of equity shares and an Offer for Sale of approximately 132.29 million shares. This Initial Public Offering (IPO) will boost its financial position to further scale operations and enhance market presence.
Lenskart's robust business model, combining online and offline channels, its international expansion, strategic acquisitions, and innovative products position it as a leading player in the global eyewear industry. These factors make the company an attractive prospect for investors seeking exposure to a rapidly growing sector.