Lenskart founder Piyush Bansal
Lenskart founder and CEO Piyush Bansal made such a bet by buying shares of the company, which gave him a profit of about ₹ 1,500 crore in just three months. Just before the IPO, in July 2025, Bansal had bought 4.26 crore shares of the company at an average rate of ₹ 52 per share. In this way he invested about ₹222 crore. Now that Lenskart’s IPO has come, whose price band has been kept at ₹ 382 to ₹ 402 per share, the same shares are now worth about ₹ 1,717 crore. That means Piyush Bansal has made unrealized (paper) profit of ₹ 1,495 crore in just three months.
Big income for the founder
Bansal, who started Lenskart in 2010, held 10.28% stake (17.32 crore shares) in the company before the IPO. During the IPO they will sell 2.05 crore shares, from which they will get approximately ₹824 crore. After the IPO, his stake will reduce to 8.78%, but its value will still be more than ₹6,200 crore. Piyush Bansal’s sister and co-founder Neha Bansal holds a little more than 7% shares of the company. She will also sell about 10.1 lakh shares, which will give her a profit of about ₹ 40.6 crore. If Lenskart shares reach above ₹510 after listing, Bansal may soon join the list of India’s new billionaires.
IPO details and market discussion
The ₹7,278 crore IPO opened on October 31 and will close on November 4, 2025. Of this, there is a fresh issue worth ₹2,150 crore and an offer for sale (OFS) worth ₹5,128 crore, which the old investors are selling. Which include names like Peak XV Partners (Sequoia India), Ribbit Capital, Tiger Global, Kedaara Capital and Temasek. Before the IPO, the company has raised ₹3,268 crore from 147 anchor investors, who invested at the rate of ₹402 per share. These include big names like Singapore Government, Norges Bank, BlackRock, Fidelity, Goldman Sachs, SBI MF, HDFC MF, ICICI MF, Kotak MF. The premium for IPO in the gray market is around 16%, which means good profits are expected on the day of listing.
analyst opinion
The brokerage house believes that the business model of the company is strong, but the valuation is a bit expensive. SBI Securities has given it a subscribe rating for long term, while Ventura Securities also advised to subscribe. Market experts say that India’s eyewear market is currently worth ₹78,800 crore, which can double by FY2030, and brands like Lenskart will play a big role in this growth.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.