The company is looking to raise ₹7,278.02 crore via an IPO. In which they are aiming to raise ₹2,150 crore through a fresh issue and an Offer-for-Sale of up to 12.76 crore by existing investors. In the offer for sale (OFS) part, Bansal will sell 2.05 crore shares for a price of ₹402 each. Peyush Bansal initially bought these shares for an average of just ₹18.6 each. This means that he will get back over 20 times what he put in, which is a huge return of over 2,000%.
After the IPO, Bansal will continue to hold about 8.78% of Lenskart’s shares. The price range of the Lenskart IPO is set at ₹382-₹402 per share. A 10% is reserved for the retail category, where 1 lot size contains 37 shares; investors will need to invest a minimum of ₹14,874.
Founder and CEO Peyush Bansal, SoftBank’s SVF II Lightbulb (Cayman), Kedaara Capital, ChrysCapital’s PI Opportunities Fund II, KKR’s MacRitchie Investments, and Alpha Wave Ventures are the major selling shareholders in the OFS.
SBI Mutual Fund put ₹100 crore into Lenskart before the IPO, which gave the company a value of about $7.7 billion. Radhakishan Damani, a wealthy investor, bought shares worth ₹90 crore before the IPO. After the IPO, the promoter’s interest is likely to fall from 19.9% to 17.7%.
Moreover, pre-IPO, the company generated ₹3,268.4 crore from anchor investors, indicating a positive response from the big institutional investors.
SBI Mutual Fund, HDFC MF, ICICI Prudential MF, Kotak MF, Axis MF, Aditya Birla Sun Life Mutual Fund, and Mirae Asset are some of the major domestic investors.
Government of Singapore, Monetary Authority of Singapore, Norway’s Government Pension Fund Global, New World Fund Inc, Fidelity, T Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, and JP Morgan are some of the foreign investors.
In FY25, the company generated a revenue of ₹6,652 crore from operations. The company also became profitable with a net profit of ₹297 crore. Moreover, in the last 3 years, Lenskart’s revenue has grown by over 30% each year, with EBITDA has increased by 90% year-on-year.
