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A person walks previous a emblem of Lenskart, an Indian multinational eyewear firm earlier than the announcement of its IPO in Mumbai, on October 27, 2025. | Photo Credit: Reuters
As a part of the transaction, Neha Bansal, one of many promoters, transferred 24.87 lakh fairness shares at ₹402 apiece to SBI Optimal Equity Fund (AIF) and SBI Emergent Fund AIF, Lenskart mentioned in a public announcement on Wednesday.
After the transaction, Bansal’s stake within the eyewear agency would come all the way down to 7.46% from 7.61% earlier.
Last week, Radhakishan Damani, founding father of Avenue Supermarts (DMart), invested round ₹90 crore in Lenskart by a pre-IPO transaction. Damani picked up shares from Nehal Bansal, the sister of founder and CEO Peyush Bansal.
The share sale doesn’t kind a part of the IPO’s Offer-for-Sale.
The newest funding comes forward of Lenskart’s ₹7,278 crore preliminary share-sale, which is scheduled to open for public subscription on October 31.
The firm has mounted a worth band of ₹382 to ₹402 per share for its IPO, giving it a valuation of over ₹69,700 crore on the higher finish.
Lenskart’s maiden public providing includes a contemporary concern of shares value ₹2,150 crore and an offer-for-sale (OFS) of 12.75 crore fairness shares by promoters and traders.
As part of the OFS, promoters — Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi; and traders — SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund – II, Macritchie Investments Pte. Ltd, Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP — would offload shares.
Lenskart proposes to utilise the proceeds from the IPO for numerous strategic initiatives, together with capital expenditure for establishing new company-operated, company-owned (CoCo) shops in India; funds associated to lease, hire, and license agreements for these CoCo shops; investments in expertise and cloud infrastructure; model advertising and enterprise promotion to reinforce model consciousness; potential unidentified inorganic acquisitions; and common company functions.
The firm, one in all India’s largest omni-channel eyewear retailers, gives a variety of inexpensive and trendy prescription eyeglasses, sun shades, and make contact with lenses by its on-line platform and intensive retail community.
Founded in 2008, Lenskart began as a web-based eyewear platform in 2010 and opened its first bodily retailer in New Delhi in 2013. Over the years, it has developed into one of many nation’s most outstanding client manufacturers in eyewear.
Lenskart will make its debut on the inventory exchanges on November 10.
Published – October 30, 2025 01:35 am IST
