Bansal will continue to own an 8.78% stake in Lenskart after the IPO. Grey market is hinting at a listing premium of around 25-26% from the IPO price. If shares hit Rs 510-level, Bansal’s net worth would cross the $1 billion-mark. This calculation doesn’t count his other investments.
After the IPO, Bansal’s stake in Lenskart will fall from 10.28% at present to 8.78%. Besides, his sister Neha Bansal, who is also a co-founder in the company, owns over 7% stake and is offloading about 10.1 lakh shares for a payout of Rs 40.62 crore.
Founded in 2010, Lenskart counts Abu Dhabi Investment Authority, KKR & Co., and TPG Inc. among its backers. Famed investor Radhakishan Damani has invested Rs 90 crore in a pre-IPO round.
Also Read | Lenskart IPO: Shark Peyush Bansal to take home Rs 824 crore by selling 2 crore shares
Lenskart had turned profitable in FY25 with a net profit of Rs 297 crore, turning around from a Rs 10 crore loss in FY24. Its topline increased 22% in FY25 to Rs 6,652 crore, from Rs 5,428 crore the year before.
Lenskart’s Rs 7,300-crore IPO, open run from October 31 to November 4, will see the Gurugram-based company raise Rs 2,150 crore and shareholders sell stake worth Rs 5,128 crore via the offer-for-sale portion.
This will value Lenskart at about Rs 70,000 crore. The company’s shares will list on the exchanges on November 10.
Lenskart had noted in its prospectus that it plans to deploy about Rs 272 crore of the fresh capital to open new stores, while around Rs 591 crore will go towards leasing, rentals, and other operational expenses for its existing network of over 2,800 outlets worldwide (as of June 30), of which 2,137 are in India.
Also Read | IPO-bound Lenskart bags Rs 90 crore from DMart’s Radhakishan Damani
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