Eyewear retailer brand Lenskart Solutions Ltd is set to make its long-awaited stock market debut with an Initial Public Offering (IPO) opening on October 31. The company plans to raise ₹2,150 crore through a fresh issue of shares. The public issue will remain open until November 4, and Lenskart’s shares are scheduled to list on the stock exchanges on November 10.
Lenskart has set its share price between ₹382 and ₹402, putting its value at about ₹69,676 crore at the top end. Anchor investors can bid starting October 30, 2025. Investor interest in consumer tech companies is high, and last week, DMart founder Radhakishan Damani invested about ₹90 crore in Lenskart before the IPO, showing confidence in its growth.
This IPO is a big step for Co-founder and CEO Peyush Bansal, known for Lenskart’s growth and his role on Shark Tank India. He owns 17.32 crore shares, bought at ₹18.6 each, making up 10.28% of the company. At the highest price, his shares are now worth ₹6,964 crore, almost 20 times more than before.
His sister, Neha Bansal, who serves as Co-founder and Executive Director (Global Head of Merchandising), also stands to gain significantly. Her 12.83 crore shares, purchased at an average of ₹7.6 per share, are now valued at ₹5,157 crore, a staggering 5,200% increase in value.
Fellow co-founders Amit Chaudhary and Sumeet Kapahi hold 1.66 crore and 1.62 crore shares, respectively, each acquired at around ₹8 per share. Their stakes, initially valued at around ₹13 crore each, are now worth over ₹650 crore apiece, a nearly 5,000% rise.
Global Backers Reap Big Returns
Lenskart’s global investors are also set to enjoy impressive profits.
- SoftBank’s SVF II Lightbulb (Cayman) holds 25.35 crore shares purchased at ₹74 per share. This investment, once valued at ₹1,882 crore, is now worth ₹10,188 crore, marking a 442% gain.
- Temasek’s MacRitchie Investments owns 8.19 crore shares bought at ₹97.75 per share. Its stake value has surged from ₹800 crore to ₹3,293 crore.
- Kedaara Capital, holding 8.9 crore shares at ₹75 per share, has seen its investment grow from ₹668 crore to ₹3,580 crore.
- KKR-backed Birdseye View Holdings and PremjiInvest’s PI Opportunities Fund are also among those benefiting, with PI Opportunities’ ₹24 per share investment now worth over ₹3,475 crore, up 1,560%.
Peyush Bansal started Lenskart in 2010, changing India’s eyewear market with a mix of online and offline stores, new technology, and affordable styles. With more than 2,000 stores in India and abroad, Lenskart is now a top eyewear brand in Asia.
Lenskart plans to use the IPO funds to grow its business, invest in new technology, and expand its global reach.
With its stock market debut set for November 10, many analysts call Lenskart’s IPO one of the most awaited listings of 2025. It shows strong investor interest and faith in India’s growing retail-tech industry. From a startup founded in a small Delhi apartment to a company valued at nearly ₹70,000 crores, this story shows how Indian innovation and vision can make a global impact.
