Lenskart IPO Gold Rush: Here’s Who’s Cashing In as India’s Eyewear Unicorn Eyes ₹69,676-Crore Valuation

India’s eyewear giant Lenskart Solutions Ltd is gearing up for one of the most anticipated IPOs of the year, with its price band fixed at ₹382–₹402 per share, valuing the company at nearly ₹69,676 crore at the upper end.

The IPO opens on October 31, 2025, with anchor investors participating a day earlier on October 30. The issue will close on November 4, followed by the basis of allotment on November 6, refunds and share credits on November 7, and listing on November 10.

Early backers and co-founders are set to make massive gains as the Gurgaon-based eyewear unicorn — backed by SoftBank, Temasek, and Kedaara Capital — heads for its market debut.

👓 Peyush Bansal and Founding Team’s Big Payday

Co-founder and CEO Peyush Bansal, who also serves as Lenskart’s Chairman and Managing Director, holds 17.32 crore shares acquired at an average cost of ₹18.6 per share. His 10.28% stake is now worth ₹6,964 crore, representing a 20x return from his earlier valuation of ₹323 crore.

Neha Bansal, Co-founder and Executive Director (Global Head of Merchandising), and Peyush’s sister, owns 12.83 crore shares purchased at ₹7.6 per share. Her holding, once valued at ₹98 crore, now stands at ₹5,157 crore — a jaw-dropping 5,200% gain.

Other co-founders are also set to benefit handsomely:

• Amit Chaudhary (1.66 crore shares @ ₹8.1/share) and
• Sumeet Kapahi (1.62 crore shares @ ₹8.1/share)
• Each of their stakes, previously worth around ₹13 crore, now soar to ₹650+ crore, translating into an impressive 5,000% jump in value.

🌍 Global Investors Strike Gold

SoftBank Vision Fund II

SoftBank-backed SVF II Lightbulb (Cayman) holds 25.35 crore shares bought at ₹74.26 per share. The value of this investment has surged from ₹1,882 crore to a staggering ₹10,188 crore, reflecting a 442% return.

Temasek Holdings

Singapore’s Temasek, through MacRitchie Investments Pte, owns 8.19 crore shares at an average price of ₹97.75 per share. The stake, initially worth ₹800 crore, now stands at ₹3,293 crore, marking a 311% rise.

Kedaara Capital

Private equity firm Kedaara Capital, via its Fund II and Fund III vehicles, holds 8.9 crore shares (4.81% stake) at ₹75 per share. This investment, once valued at ₹668 crore, is now worth ₹3,580 crore, delivering a 435% gain.

KKR

KKR-backed Birdseye View Holdings owns 3.71 crore shares at an average cost of ₹163.64 per share. Its holding is now valued at ₹1,491 crore, up 145% from the initial ₹607 crore.

Bay Capital and PremjiInvest

Bay Capital holds 1.83 crore shares bought at ₹161.28 per share, now worth ₹738 crore, up from ₹296 crore.

PI Opportunities Fund (backed by PremjiInvest) owns 8.65 crore shares purchased at ₹24 per share, now valued at ₹3,475 crore — a remarkable 1,560% increase.

📈 Lenskart’s IPO Timeline at a Glance

Event Date

Anchor Investor Bidding October 30, 2025

IPO Opens for Subscription October 31, 2025

IPO Closes November 4, 2025

Basis of Allotment November 6, 2025

Refunds & Share Credit November 7, 2025

Listing on Exchanges November 10, 2025

🔍 The Big Picture

Founded in 2010, Lenskart has grown from an online eyewear retailer to a global omnichannel brand with a presence in India, Southeast Asia, and the Middle East. The company’s IPO not only marks a milestone in India’s consumer-tech story but also highlights the growing investor appetite for profitable, homegrown startups entering the public markets.

With early investors, private equity firms, and founders poised to reap record returns, Lenskart’s IPO is shaping up to be one of India’s most lucrative public listings of 2025.