Lenskart Founders and Investors to Gain Massive Returns
Lenskart Solutions, an eyewear manufacturer and retailer, is approaching its public listing, and its promoters and early investors are set to record substantial gains.
Among institutional investors, Kedaara Capital holds 89 million shares, representing 4.81% of the company, purchased at Rs 75. The investment, valued earlier at Rs 668 crore, now stands 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.
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.
Author's summary: Lenskart founders and investors are set to gain massive returns as the company approaches its public listing.
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