Lenskart Founder and CEO Piyush Bansal, who is also a popular face from the TV show Shark Tank India, is now on the verge of joining the list of India’s billionaires. If Lenskart shares touch the level of ₹ 510 after the upcoming IPO, then Bansal’s net worth could exceed $ 1 billion i.e. approximately ₹ 8,300 crore.
Lenskart share price and Bansal’s earnings
Lenskart’s IPO will be open for investors from 31 October to 4 November. The company has fixed the price range of its shares at ₹382 to ₹402. In this offer, the company is planning to raise approximately ₹2,150 crore, while existing shareholders will sell shares worth ₹5,128 crore under Offer for Sale (OFS).
Piyush Bansal himself will sell 2.05 crore shares through this OFS, from which he will receive approximately ₹ 824 crore. However, after the sale he will continue to hold 8.78% stake in the company. Earlier this share was 10.28%. Piyush Bansal’s sister Neha Bansal, who is the co-founder of the company, is also participating in this IPO. She will sell about 10.1 lakh shares, from which she will get about ₹40.6 crore. After the IPO, he will also continue to hold more than 7% stake in Lenskart.
Growing heat in gray market
Even before the IPO, Lenskart shares are in discussion in the gray market. According to many websites that track the gray market, the shares are getting a premium of 2526%. If this trend continues and the share touches the level of ₹ 510 after listing, then Piyush Bansal’s net worth will cross the billionaire level.
The company’s investors include giants like Abu Dhabi Investment Authority, KKR & Company, and TPG Inc. Not only this, famous investor Radhakishan Damani also invested around ₹90 crore in the pre-IPO session.
Lenskart growth story
Established in 2010, Lenskart changed the eyewear market in India. From online to offline stores, the company has reached out to every category of consumer. Lenskart performed tremendously in the financial year 2025. The company reported a net profit of ₹297 crore, compared to a loss of ₹10 crore a year ago. Total revenue also increased by 22% to ₹6,652 crore.
Purpose of bringing IPO
The company plans to spend a major part of its fresh funds on opening new stores (₹272 crore) and on rent, leasing and other expenses (₹591 crore) of its existing 2,800-plus outlets. Of these, 2,137 stores are in India, while the rest are located in international markets.