SoftBank’s SVF II Lightbulb, the largest selling shareholder in the IPO, issued about 2.5 Cr shares. At an issue price of INR 402, SoftBank will receive INR 1,005
Schroders Capital, which sold 1.9 Cr shares, will raise 763.8 Cr and yield 9.8 X. PI Opportunities Fund II plans to fetch INR 349.7 crore offloading 87 lakh shares, delivering 16.6 times earnings
Meanwhile, Temasek-owned MacRitchie Investments sold 78 lakh shares to earn Rs 313.6 cr. This represents a 4.1x return on investment
As Lenskart shares begin trading on the stock exchanges tomorrow, its early backers and founders are set to reap significant profits from the offer for sale (OFS) component of the IPO.
SoftBank’s SVF II Lightbulb, the largest selling shareholder in the IPO, issued about 2.5 Cr shares. At an issue price of INR 402, SoftBank will receive INR 1,005. This represents a 5.4x return on investment.
SVF II invested $46 million for the first time LensKart
in 2020.
Schroders Capital, which sold shares worth 1.9 Cr, will receive 763.8 Cr at a yield of 9.8 X. PI Opportunities Fund II intends to fetch INR 349.7 by offloading 87 lakh shares, delivering a return of 16.6 times, one of the strongest returns among institutional investors.
Temasek-owned MacRitchie Investments sold 78 lakh shares to earn INR 313.6. This represents a 4.1x return on investment. Meanwhile, Kedaara Capital intends to earn INR 295.9 crore by selling 73.6 lakh shares of Lenskart, giving a return of 5.3 times. Alpha Wave Ventures will also receive INR 267.7 crore by selling 66.6 lakh shares, representing 3.8 times earnings.
Among co-founders and promoters, Peyush Bansal unloaded 2 Cr shares, earning 823 Cr. Neha Bansal will get INR 40.6 by selling 10.1 lakh shares.
Co-founders Amit Chaudhary and Sumit Kapahi will take home INR 115.3 crore each after selling 28.7 lakh shares.
Lenskart’s IPO included a fresh issue of INR 2,150 crore shares and an OFS of 12.75 Cr shares by promoters and early investors.
The INR 70,000 ($8 billion) IPO is valued at 237X PE, despite turning profitable only recently with a profit of INR 297 in FY25. The price raised eyebrows among market watchers, who noted the jump from Peyush’s buyout of INR 52 per share in July this year to an IPO price range of INR 382-402.
However, this did not deter investors as the IPO ended with a sharp oversubscription of 28.26 times.
Meanwhile, FY25 was Lenskart’s first profitable year. It posted a profit of INR 297 crore against a loss of INR 10.1 crore in the financial year24, while operating revenue rose 23% YoY to INR 6,652.5. It remained profitable in 1QFY26 with a profit of INR 61.2 crore and revenue growth of 25% YoY to INR 1,894.5 crore.
