Peyush Bansal Values Lenskart At Over Rs 10,800 Crore Ahead Of IPO
Eyewear retail giant Lenskart, led by founder Peyush Bansal, is gearing up for its initial public offering (IPO) with a valuation exceeding Rs 10,800 crore. The company has filed draft papers with the Securities and Exchange Board of India (SEBI) and is expected to raise approximately Rs 2,150 crore through the fresh equity issue.
Founded in 2010, Lenskart has carved a strong position in the eyewear market, combining innovation and technology to expand its presence across India and internationally. The upcoming IPO marks a significant milestone as the company seeks to leverage capital markets for further growth and expansion.
Promoters, including Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, are also set to sell a portion of their shares as part of the public offering. This move indicates confidence in the company’s business model and its prospects in a competitive retail environment.
The IPO is closely watched by investors and market analysts, as Lenskart is considered one of the leading startups in the Indian retail and logistics sector. The company’s high valuation ahead of the IPO reflects its strong market positioning and growth potential.
With global market cues and sector-specific developments influencing investor sentiment, Lenskart’s public listing could set the stage for a notable new entrant in India’s IPO landscape.