Lenskart DRHP: CEO Peyush Bansal Bought Shares Worth INR 221 Cr In July - Inc42

Shark Tank India's Peyush Bansal strategically acquired INR 221.1 Cr worth of Lenskart shares from existing investors just before the eyewear company filed for its IPO.

Between July 16-24, the Lenskart CEO purchased 4.27 crore shares at INR 52 each from major investors including Kedara Capital, Chiratae Ventures, and Alpha Wave, securing nearly 2.5% additional stake. This move comes as the eyewear giant prepares for its public debut with a combined offering of INR 2,150 crore fresh issue plus an offer-for-sale component. The company recently achieved profitability with INR 297.3 crore net profit in FY25, marking a significant turnaround from previous losses.

• Bansal bought shares at INR 52 apiece, significantly lower than the INR 2,300 price Temasek paid in 2024
• Lenskart's IPO includes fresh capital raising and share sales by founders and institutional investors like SoftBank
• The company turned profitable with 23% revenue growth, reaching INR 6,653.3 crore in FY25
• Multiple cofounders and major investors plan to partially exit through the public offering