Lenskart DRHP: CEO Peyush Bansal Bought Shares Worth INR 221 Cr In July

LensKart cofounder, CEO and MD Peyush Bansal bought shares worth INR 221.1 Cr from the company’s shareholders ahead of the eyewear giant filing its DRHP with SEBI yesterday.

From July 16 to July 24, Bansal bought 4.27 Cr shares from investors like Kedara Capital, Chiratae Ventures, Alpha Wave, IDG Ventures, among others. The shares were purchased at INR 52 apiece. This translates to almost a 2.5% stake in the company. 

Last year, the cofounder had sold 413K shares to Temasek subsidiary Jongsong Investment Pte Ltd at INR 2,300 apiece. The secondary round, which took place on May 10 last year, saw Lenskart cofounders Neha Bansal and Amit Chaudhary sell 4.1 Lakh shares and over 56,000 shares to Temasek, respectively. Meanwhile, Lenskart’s fourth cofounder Sumeet Kapahi sold 54K shares to Temasek’s other subsidiary V-Sciences Investments. 

Overall, Temasek bought Lenskart’s shares worth INR 215.05 Cr from Lenskart cofounders in May 2024. Besides, Temasek bought shares worth INR 623.6 Cr from other investors in the round, which also saw Fidelity Investments buy shares worth INR 541.4 Cr from Birdseye Holdings.

On the date of filing the DRHP, CEO Bansal held a 10.3% stake, or 17.3 Cr shares, in the company. Of these, the cofounder is selling up to 2.05 Cr shares via OFS in the IPO. His sister and cofounder Neha Bansal is selling up to 57 Lakh shares.

The eyewear brand’s public issue will comprise a fresh issue of up to INR 2,150 Cr and an OFS of up to 13.23 Cr shares. Besides the brother-sister cofounder duo, the other cofounders of Lenskart, Chaudhary and Kapahi, plan to sell up to 28.7 Lakh shares each. 

Among institutional investors, SoftBank (selling 2.6 Cr shares), Premji Invest (selling 87 Lakh shares), Kedaara (73.6 Lakh shares), among others, plan to offload their shares via the OFS.

In the run up to its IPO, Lenskart managed to turn profitable. It posted a net profit of INR 297.3 Cr in FY25 as against a loss of INR 10.2 Cr in the previous fiscal year. Operating revenue zoomed close to 23% to INR 6,653.3 Cr from INR 5,427.7 Cr in FY24.