Omnichannel eyewear giant Lenskart has converted into a public entity, as it lines up plans for its initial public offering (IPO).

In an extraordinary meeting called on May 30, Lenskart’s board passed a special resolution to change the name of the company to “Lenskart Solutions Limited” from “Lenskart Solutions Private Limited” previously.

In its filing, Lenskart said that the name conversion will enable it to undertake its IPO on “one or more stock exchanges”. It did not specify the quantum of the planned issue size.

“In order to undertake the offer (IPO), the status of the company is required to be changed from a private company limited by shares to a public company limited by shares,” read the company’s filings with the Registrar of Companies (RoC).

The development was first reported by Entrackr.

This comes five months after reports first surfaced that the for a $750 Mn to $1 Bn IPO at a valuation of $7-8 Bn. With an eye on a FY26 listing, the to helm the IPO.

It is also reported to be seeking a pre-IPO round of approximately $1 Bn.

Founded in 2010 by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, Lenskart is an omnichannel eyewear retailer serving customers in India, the UAE, Singapore, and Japan. The company claims to have over 2,500 stores and a customer base of 2 Cr.

On the financial front, the from INR 64 Cr in the previous fiscal year. Meanwhile, operating revenue jumped 43% to INR 5,427.7 Cr during the year under review from INR 3,788 Cr in FY23.

The development comes at a time when a slew of new-age tech companies are undertaking plans to list on the bourses. While , more than 20 such companies are preparing for their IPOs this year.

Just two weeks ago, media-focussed SaaS unicorn in preparation for its IPO. In May, it was reported that hospitality major and is looking to file its DRHP between August and September this year.

Last month, investment tech major through the confidential pre-filing route, while fintech unicorn as it lines up plans for its stock market debut.

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