Peyush Bansal, co-founder and CEO of Lenskart and Shark Tank India Judge, is close to joining India’s billionaire club. His eyewear company is preparing to go public in Mumbai, with the initial public offering (IPO) expected in early November 2025. Investors are watching closely, as shares have already seen strong demand in the grey market, signalling confidence in the company’s prospects.
Lenskart’s Strong IPO Plans and Investor Interest
Lenskart has secured approval from the SEBI (Securities and Exchange Board of India) for its draft red herring prospectus (DRHP), a key regulatory step before going public. The company plans to raise INR 2,150 crore through a fresh issue of shares. In addition, existing shareholders and promoters may sell up to 13.2 crore shares via an Offer for Sale (OFS), potentially taking the total IPO size to INR 7,500-8,000 crore.
Lenskart is targeting a November 2025 listing, subject to market conditions. In the grey market, its shares have been trading at about INR 510 apiece, suggesting strong investor interest ahead of the official listing.
Bansal’s Potential Windfall
After the IPO, Bansal is expected to keep a stake worth roughly INR 800 crore. If the shares perform well after the listing, his holdings could exceed INR 1,000 crore, potentially making him India’s next billionaire. Bansal co-founded Lenskart over 15 years ago and has led the company through steady growth and innovation.
Growth and Expansion Driving Lenskart
Lenskart now operates over 2,700 stores and maintains a significant online presence. The company employs robotic technology to efficiently produce eyewear. Customers can try frames at home, take online eye tests, and enjoy doorstep delivery. Recently, Lenskart introduced its B Camera Smartglasses, which integrate UPI payment functionality. These smartglasses allow users to scan QR codes and complete transactions through voice commands, eliminating the need for a smartphone or PIN.
This innovation combines convenience, AI, and security for a seamless payment experience. The IPO funds will support further expansion, development of smart eyewear, technology investments, and acquisitions.
Looking Ahead
The IPO will be a big test for Lenskart. Strong demand in the grey market is promising, but the public listing will show if the company can attract wider investor interest. For Peyush Bansal, it could be the moment that cements his place among India’s wealthiest entrepreneurs and highlights the growing strength of consumer-focused tech companies.
Damini Bhandary
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