Visionary Exit: Lenskart’s IPO Delivers Big Gains for Peyush Bansal and SoftBank

India’s omnichannel eyewear giant Lenskart has made a dazzling market debut, raising ₹7,025 crore through its IPO. The offering included a ₹2,150 crore fresh issue and a ₹4,875 crore offer-for-sale (OFS) from existing shareholders. The IPO was priced at ₹402 per share, valuing the company at approximately ₹70,000 crore ($8 billion).

Major takeaways:

• Peyush Bansal, co-founder and CEO, earned ₹823 crore by selling part of his stake while retaining shares worth ₹6,140 crore
• SoftBank’s SVF II Lightbulb, the largest selling shareholder, offloaded 2.5 crore shares, netting ₹1,005 crore at a 5.4X return
• Other investors like Schroders Capital and PI Opportunities Fund II saw returns of 9.8X and 16.6X, respectively
• The IPO is India’s fifth-largest this year, reflecting strong investor appetite for consumer-tech brands
• With shares set to begin trading, Lenskart’s IPO not only validates its business model but also signals a maturing D2C ecosystem in India.

Sources: Inc42, Business Standard, Entrackr