Lenskart IPO: Founders and Early Investors to Reap Big Return Up to 17x

The eyewear retailer Lenskart is gearing up for a ₹7,278 crore IPO, which could deliver significant returns ranging from 4X to nearly 17X, offering a major windfall for its promoters and early investors. The issue is set to open for subscription on October 31.

Promoters Set for a Major Payday

Lenskart’s promoters are set to benefit handsomely:

• Peyush Bansal (Co-founder & CEO): Selling shares worth ₹824 crore
• Neha Bansal (Co-founder): Selling shares worth ₹41 crore. Prior to the RHP filing, she had sold 22.38 lakh shares to Shrikanta R. Damani, wife of DMart founder Radhakishan Damani, for ₹90 crore at ₹402 per share.
• Amit Chaudhary (Co-founder) and Sumeet Kapahi (early founding team member): Each offloading shares worth ₹115 crore.

Collectively, promoters are expected to cash out around ₹1,100 crore ($125 million).

Early Investors to Reap Hefty Gains

Several early backers are set to make substantial returns:

• SoftBank: Selling 2.55 crore shares worth ₹1,026 crore. With an average acquisition cost of ₹74.26 per share, SoftBank is set for a 5.4X return.
• Schroders Capital: Offloading 1.91 crore shares worth ₹766 crore, translating into nearly a 10X return (acquisition cost ₹40.9 per share).
• Premji Invest: Selling 87 lakh shares worth ₹350 crore. With an acquisition cost of just ₹24.14 per share, Premji Invest achieves a 16.7X return, making it the biggest multiple winners.
• Temasek: Selling shares worth ₹316 crore, earning a 4.1X return.
• Kedaara Capital and Alpha Wave: Cashing out ₹296 crore and ₹268 crore respectively, with returns of 5.4X and 3.8X.

Lenskart IPO Structure: Fresh Issue and Offer for Sale

According to the company’s Red Herring Prospectus (RHP):

• Fresh Issue: Lenskart aims to raise ₹2,150 crore.
• Offer for Sale (OFS): Existing shareholders will sell up to 12.75 crore shares worth ₹5,128 crore at the upper price band of ₹402 per share, valuing the company at around ₹70,000 crore ($8 billion).

Also Read: Lenskart Solutions Set to Launch ₹7,278 Crore IPO on October 31: What You Need to Know

Conclusion

The Lenskart IPO not only signals the company’s strong market valuation but also promises massive gains for early investors and promoters, making it one of the most anticipated public listings in India this year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.