Eyewear retailer Lenskart has reportedly received Sebi approval for its initial public offering (IPO). According to its draft red herring prospectus, the IPO includes a fresh issue of equity shares worth Rs 2,150 crore and an offer for sale of up to 132 million shares by existing investors and promoters.
Offer for sale and promoter’s share
The offer for sale includes SoftBank-backed SVF II, Alpha Wave Ventures, Temasek affiliates, Premji Invest, and Kedaara Capital. Promoter Peyush Bansal will sell 20 million shares, while Neha Bansal, Amit Chaudhary, and Sumeet Kapahi will offload smaller stakes.
Shareholding pattern
Promoters hold around 19% of the company, with institutional and other shareholders owning the remaining around 80%.
The company will use the fresh issue proceeds for expansion. Lenskart posted a net profit of `297.3 crore in FY25, against a loss of `10.2 crore in FY24.