Lenskart Founders and Investors to Gain Massive Returns
Promoters and early investors in Lenskart Solutions are set to record substantial gains as the eyewear manufacturer and retailer approaches its public listing.
The company has fixed a price band of Rs 382–402 per share for its initial public offering, valuing Lenskart at around Rs 69,676 crore at the upper end.
- Kedaara Capital holds 89 million shares, representing 4.81% of the company, purchased at Rs 75, now valued at Rs 3,580 crore, marking a 435% increase.
- Co-founder and CEO Peyush Bansal’s 173.2 million shares, acquired at an average cost of Rs 18.6 per share, are now worth Rs 6,964 crore, representing a 10.28% stake.
- Co-founder and Executive Director Neha Bansal holds 128.3 million shares purchased at an average price of Rs 7.6.
At this valuation, his holding, valued at Rs 323 crore before listing, has multiplied nearly twenty-fold.
Author's summary: Lenskart's public listing brings massive returns to founders and investors.