Promoters and early investors in Lenskart Solutions are set to record substantial gains as the eyewear manufacturer and retailer approaches its public listing. The company has fixed a price band of Rs 382–402 per share for its initial public offering, valuing Lenskart at around Rs 69,676 crore at the upper end.
At this valuation, co-founder and CEO Peyush Bansal’s 173.2 million shares, acquired at an average cost of Rs 18.6 per share, are now worth Rs 6,964 crore, representing a 10.28% stake. His holding, valued at Rs 323 crore before listing, has multiplied nearly twenty-fold.
Co-founder and Executive Director Neha Bansal, who oversees global merchandising, holds 128.3 million shares purchased at an average price of Rs 7.6. Her 7.6% stake, earlier valued at Rs 98 crore, is now worth Rs 5,157 crore, delivering returns exceeding 5,100%.
The other Co-founders, Amit Chaudhary and Sumeet Kapahi, are also set for impressive windfalls. Chaudhary’s 16.6 million shares and Kapahi’s 16.2 million shares, both acquired at roughly Rs 8.1 each, have risen in value from about Rs 13 crore apiece to over Rs 650 crore, representing gains of close to 4,900%.
Among institutional investors, Kedaara Capital holds 89 million shares, representing 4.81% of the company, purchased at Rs 75. The investment, valued earlier at Rs 668 crore, now stands at Rs 3,580 crore, marking a 435% increase.
Temasek, through MacRitchie Investments Pte, owns 81.9 million shares bought at Rs 97.75 per share. The position, earlier worth Rs 800 crore, has appreciated to Rs 3,293 crore, delivering 311% returns.
SoftBank Vision Fund II, via SVF II Lightbulb (Cayman), holds the largest institutional stake of 253.5 million shares, representing 15.3% of Lenskart. Acquired at Rs 74.26 each, the investment has grown from Rs 1,882 crore to Rs 10,188 crore, a 442% gain.
Private equity major KKR, through Birdseye View Holdings II Pte, owns 37.1 million shares purchased at Rs 163.64. The holding, previously valued at Rs 607 crore, is now worth Rs 1,491 crore, up 145%. Bay Capital Holdings’ 18.3 million shares, acquired at Rs 161.28, have appreciated from Rs 296 crore to Rs 738 crore, a 149% return.
PremjiInvest’s PI Opportunities Fund II has achieved one of the strongest outcomes. Its 86.5 million shares, bought at Rs 24 apiece, are now valued at Rs 3,475 crore compared to Rs 209 crore earlier, translating into a gain of over 1,565%.
Other notable investors include Alpha Wave Ventures, which holds a 3.9% stake valued at Rs 2,661 crore; Schroders Capital, with a 1.1% holding worth Rs 766 crore; and Chiratae Trust, which owns 0.2% valued at Rs 164 crore.
The IPO will open for subscription on October 31, following the anchor book on October 30. The issue will close on November 4, with allotment scheduled for November 6 and refunds and share credits on November 7. The stock is expected to list on the BSE and NSE on November 10.
