Lenskart founders Peyush and Neha Bansal to net Rs 1,200 crore from IPO; investors eye 5-17X paper gains

The four cofounders of Lenskart will make nearly Rs 1,200 crore when the eyewear retailer, which helped boost the organised sector’s footprint in a largely fragmented industry, goes public later this month at a valuation of Rs 70,000 crore, information sourced from the company’s prospectus showed.

CEO Peyush Bansal will pocket around Rs 824 crore, while cofounder Neha Bansal (his sister) will make Rs 41 crore by selling shares in the IPO’s offer for sale (OFS) component. She has already sold a stake worth Rs 90 crore in a pre-IPO secondary round to Dmart promoter Radhakishan Damani’s wife Shrikanta R Damani.

The other two Lenskart founders, Amit Chaudhary and Sumeet Kapahi, will scoop up Rs 115 crore each.


The Gurugram-based company’s investors are also expected to generate paper gains in the range of 5-17X from the IPO. This indicates the returns these investors are expected to make, including the multiples on their unsold stake at Rs 402 per share — the upper end of the IPO price band.

After the IPO, the four founders — who are also tagged as Lenskart's promoters — will hold nearly 18% of the company, worth around Rs 12,000-13,000 crore.

The company’s worth has jumped significantly over the past few years, from $2.4 billion in 2021 to $6.1 billion in 2025, when it was valued by private market investors.

In July, Peyush Bansal acquired 2.5% stake in the omnichannel eyewear retailer for Rs 222 crore from investors SoftBank, Chiratae Ventures, Kedaara Capital, TR Capital, Temasek, Premji Invest, and others.

The transactions had valued the company at over Rs 8,700 crore (around $1 billion).

Lenskart filed its red herring prospectus on Sunday, with its Rs 7,300-crore public issue expected to open on October 31. The company is expected to list on November 10.

Lenskart had last closed a private funding round in 2024, led by Temasek and US-based asset manager Fidelity, which valued the company at $5 billion. In June this year, Fidelity marked up the fair value of Lenskart in its books to $6.1 billion.

Investor Payout

Japanese tech investor SoftBank and homegrown private equity firm Kedaara Capital, which backed Lenskart in 2019, are expected to see returns of 5-6 times their investment in the company’s IPO.

SoftBank owns 15% pre-IPO in Lenskart, while Kedaara owns around 3%.

SoftBank has so far invested a total of almost Rs 2,000 crore in Lenskart through primary and secondary transactions. It is expected to sell stake worth around Rs 1,025 crore through the OFS route, while its remaining stake will be worth approximately Rs 9,000 crore.

Meanwhile, Premji Invest, which owns 5% stake in Lenskart, is expected to see paper gains of 17X.

Notably, most of Lenskart’s earliest backers such as Chiratae Ventures and Ronnie Screwvala’s Unilazer Ventures divested their stake through multiple secondary rounds that happened over the years.

Singapore’s sovereign wealth fund Temasek, which invested in Lenskart only last year, is already sitting on paper gains of more than 4X.

Other selling shareholders include Alpha Wave Global, Schroders Capital, TR Capital, Epiq Capital, and Chiratae Ventures.

Also Read: ETtech Explainer: Inside Lenskart’s upcoming Rs 7,300-crore IPO