Peyush Bansal-led Lenskart has secured shareholder approval to launch its much-anticipated Initial Public Offering (IPO). With this, one of India’s biggest eyewear brands moves a step closer to hitting the public markets. The company is now preparing to file its Draft Red Herring Prospectus (DRHP) soon.
₹2,150 Crore Fundraising Plan
Lenskart plans to raise around ₹2,150 crore through the IPO. The issue will include both fresh equity shares and an offer-for-sale (OFS) component by early investors. The IPO is expected to help the company further strengthen its supply chain and retail footprint.
Current Shareholding
Lenskart’s current shareholding is largely dominated by institutional investors like SoftBank, ADIA, Kedaara Capital, PremjiInvest, and Alpha Wave, who together hold nearly 85% of the company. Founder Peyush Bansal and the founding team retain around 11.6%, while about 2.3% is reserved under the ESOP pool. Ahead of the IPO, Peyush Bansal is also in the process of buying back nearly 2% of Lenskart’s shares from early investors like SoftBank and TR Capital, in a deal valued around ₹1,280 crore.
Strategic Moves Ahead of IPO
As it prepares for a ₹2,150 crore IPO, Lenskart is also making key strategic bets. Most recently, the company invested undisclosed amount in AjnaLens, a homegrown AR/VR tech startup—signaling its intent to go beyond eyewear and explore futuristic visual technologies.
At the same time, founder Peyush Bansal has reportedly bought back 2% shares from some early employees and investors, a move seen as a confidence signal just ahead of the listing.
