The controversial Jeffrey Epstein files is back in the news this time with mention of US President Donald Trump after Democrats on the House Oversight Committee released several Epstein documents earlier this week, including numerous email exchanges where President Trump's name came up in different
Peyush, Neha Bansal To Earn Rs 1,200 Cr From Lenskart IPO; Early Investors Eye Up To 17X Returns
Peyush, Neha Bansal To Earn Rs 1,200 Cr From Lenskart IPO; Early Investors Eye Up To 17X Returns
The four cofounders of eyewear retailer Lenskart are set to make nearly Rs 1,200 crore from the company's upcoming IPO, which values the Gurugram-based firm at about Rs 70,000 crore, according to its red herring prospectus.
CEO Peyush Bansal will earn around Rs 824 crore, while his sister and cofounder Neha Bansal will pocket Rs 41 crore from the offer-for-sale (OFS) portion. She had earlier sold shares worth Rs 90 crore in a pre-IPO secondary deal to Shrikanta R Damani, wife of Dmart founder Radhakishan Damani.
The other two cofounders, Amit Chaudhary and Sumeet Kapahi, are expected to make about Rs 115 crore each.
Post-listing, the four founders — who will remain Lenskart's promoters — are likely to hold a combined 18% stake, valued at Rs 12,000–13,000 crore.
The company's valuation has surged from $2.4 billion in 2021 to $6.1 billion in 2025, reflecting growing investor appetite for India's organised eyewear market.
In July, Peyush Bansal bought an additional 2.5% stake in Lenskart for Rs 222 crore, purchasing shares from investors including SoftBank, Chiratae Ventures, Kedaara Capital, Temasek, TR Capital, and Premji Invest.
Lenskart's Rs 7,300-crore IPO is scheduled to open on October 31 and list on November 10.
Among major backers, SoftBank and Kedaara Capital, who invested in 2019, are expected to earn 5–6X returns. SoftBank, which owns 15% pre-IPO, has invested nearly Rs 2,000 crore and will offload shares worth Rs 1,025 crore in the OFS while retaining a stake valued around Rs 9,000 crore.
Premji Invest is set for the biggest windfall, with 17X paper gains on its 5% holding, while Temasek, which joined last year, has already seen a 4X markup.
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Early investors Chiratae Ventures and Unilazer Ventures (Ronnie Screwvala) have largely exited through earlier secondary rounds.
Other selling shareholders include Alpha Wave Global, Schroders Capital, TR Capital, Epiq Capital, and Chiratae Ventures.
Source: News18
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The controversial Jeffrey Epstein files is back in the news this time with mention of US President Donald Trump after Democrats on the House Oversight Committee released several Epstein documents earlier this week, including numerous email exchanges where President Trump's name came up in different
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