With the upcoming Lenskart IPO, the founder and Shark Tank judge, Peyush Bansal, is going to increase his net worth by several crores. However, this gain is mostly from the money that investors like you put in.
Peyush is selling 2.05 crore Lenskart shares as part of the offer-for-sale (OFS) portion of the IPO. If the Lenskart IPO is listed at the higher end of the band of ₹402 per share, then Peyush's profit would soar up to a whopping ₹824 crore. Such a huge payday is a great example of how a relatively small initial investment by a founder can result in huge gains at an IPO.
The math behind Peyush's jackpot
As a matter of fact, Peyush's share was purchased at a mere ₹18.6 per share. Given that the IPO price of the shares is between ₹382 and ₹402, it is clear that Peyush's shares could be sold for at least 20 times their original price. This means that his rate of return is as high as 2061%.
While it is a reason to be happy for Peyush, retail investors are likely to feel a pinch of envy in looking at the performance of their own portfolios. The sale of shares by Peyush during an IPO is a good example of how founders turn their early investments into a considerable amount of money in a relatively short time when their companies go public.
Lenskart IPO from October 31, 2025. The subscription will continue till November 4, 2025. The shares will be traded on both the BSE and NSE from November 10. The IPO comprises a fresh issue of shares to raise ₹2,150 crore and a sale of shares worth up to 12.75 crore by promoters and existing investors like Peyush Bansal. The company has fixed the price band for a single share between ₹382 and ₹402. Retail investors can buy shares in multiples of 37.
Lenskart IPO: Key details to know
- Lenskart IPO opens from October 31 and the subscription will continue till November 4, 2025.
- The shares will be traded on both the BSE and NSE from November 10.
- The IPO comprises a fresh issue of shares to raise ₹2,150 crore and a sale of 12.75 crore shares by promoters and existing investors like Peyush Bansal.
- The company has fixed the price band between ₹382 and ₹402.
- Retail investors can buy shares in multiples of 37.
Lenskart intends to spend the money that it will raise from a new share sale mostly on various firm expenditure such as opening new CoCo stores across India, investing in technology and cloud infrastructure, brand marketing and promotion, unidentified inorganic acquisitions and general corporate purposes.
Per the Redseer Report, Lenskart is volume-wise the biggest seller of prescription eyeglasses in India for the Financial Year 2025 among the organised sector of retailers. Besides, the company has gone global in a few markets like Japan, Southeast Asia, and the Middle East.
