Lenskart, the eyewear giant founded by Peyush Bansal, is gearing up for its much-awaited initial public offering (IPO), and reports suggest that Bansal plans to sell shares worth ₹824 crore as part of the offer for sale (OFS).
According to filings, the IPO will include both a fresh issue of shares and an offer for sale by existing investors and promoters. While Lenskart is yet to finalise the total IPO size, this move signals a key milestone in the company’s journey from a startup to a potential stock market debutant.
About the IPO
The eyewear company, which has transformed how Indians buy glasses online and offline, is preparing for one of the most anticipated IPOs in the Indian startup ecosystem.
The offer for sale (OFS) will see Peyush Bansal, the company’s co-founder and CEO, liquidate a portion of his holdings worth ₹824 crore, likely to increase liquidity and diversify ownership before listing.
Lenskart, backed by SoftBank, Temasek, and Abu Dhabi Investment Authority, has been valued at around $5 billion (₹41,000 crore) in its latest funding rounds.
Why This Matters
- The IPO will mark Lenskart’s entry into the public markets, adding it to the list of high-profile Indian startups going public.
- Peyush Bansal’s decision to sell a portion of his stake reflects confidence in the company’s growth while ensuring a broader investor base.
- The move also shows strong investor interest in India’s booming D2C (Direct-to-Consumer) retail space.
Summary Table
| Particulars | Details |
|---|---|
| Company | Lenskart |
| Founder & CEO | Peyush Bansal |
| IPO Type | Fresh Issue + Offer for Sale (OFS) |
| Peyush Bansal’s Stake Sale | ₹824 crore |
| Valuation (Estimated) | $5 billion (₹41,000 crore) |
| Major Investors | SoftBank, Temasek, ADIA |
| Industry | Eyewear / Retail / E-commerce |
| Expected IPO Year | FY26 |
