Lenskart files for Rs 8,000 crore IPO as Peyush Bansal bets bigger
Lenskart has filed for an IPO of up to Rs 8,000 crore, with Peyush Bansal looking to increase his stake as part of a long-term bet on the business.
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Published: Jul 30, 2025 1:57 PM | 1 min read
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Lenskart, India’s renowned eyewear retailer and co-founded by Shark Tank judge Peyush Bansal, has taken a major step towards going public. The company has filed its draft red herring prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO) that could be worth up to Rs 8,000 crore.
The IPO will include a fresh issue of shares worth Rs 2,150 crore and an offer for sale (OFS) of up to 13.23 crore shares by existing investors such as SoftBank, Alpha Wave, and Kedaara Capital. Reports suggest the total issue size will be in the range of Rs 7,500 to Rs 8,000 crore.
In a related move, Bansal is planning to raise Rs 200 crore in debt to buy back shares from some existing investors at a lower valuation of around $1 billion. If the buyback goes through, his stake in the company could rise from about 4% to 6% — a sign of his continued confidence in Lenskart’s future.
The IPO will result in around 26% of the company being offered to the public. Based on the most recent internal transactions, Lenskart is valued at approximately Rs 10,891 crore (about $1.25 billion).
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