Lenskart’s ₹7,278-crore IPO will open for public subscription on October 31, with a price band set at ₹382–₹402 per share, valuing the company at over ₹69,700 crore at the top end | Photo Credit: FRANCIS MASCARENHAS
As part of the transaction, Neha Bansal, one of the promoters, sold 24.87 lakh equity shares at ₹402 per share to SBI Optimal Equity Fund (AIF) and SBI Emergent Fund AIF, the IPO-bound company said in a public notice on Wednesday.
Following the deal, Bansal’s holding in the company will fall slightly to 7.46 per cent from 7.61 per cent earlier. These share transfers are not part of the company’s upcoming offer-for-sale (OFS).
This development comes days after DMart founder Radhakishan Damani purchased shares worth about ₹90 crore from Nehal Bansal, the sister of founder and CEO Peyush Bansal, in another pre-IPO transaction.
IPO launch
Lenskart’s ₹7,278-crore IPO will open for public subscription on October 31, with a price band set at ₹382–₹402 per share, valuing the company at over ₹69,700 crore at the top end. The issue includes a fresh equity issue worth ₹2,150 crore and an OFS of 12.75 crore shares by existing promoters and investors.
Proceeds from the fresh issue will be used for opening new company-owned stores, technology and cloud investments, marketing, and potential acquisitions, among other corporate purposes.
Founded in 2008, Lenskart has grown into one of India’s largest omni-channel eyewear brands, offering prescription glasses, sunglasses, and contact lenses both online and through an expanding retail network. The company is set to list on stock exchanges on November 10.
Published on October 29, 2025
