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Poosarla Sai Karthik

Tech guy with a busi...ย โ€ขย 2m

Lenskartโ€™s IPO is turning heads not just for its size but for what it signals. The founders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are together selling โ‚น1,100 crore ($125M) worth of shares, around 1.6% stake, while still holding roughly 18% after the issue. For context, Nykaaโ€™s founders sold โ‚น540 crore in 2021 and Paytmโ€™s Vijay Shekhar Sharma sold โ‚น403 crore. Lenskartโ€™s OFS is almost twice that. Whatโ€™s rare is that while most IPOs now limit founder exits to avoid cash-out noise, Lenskart is going bold. The majority of its issue is secondary. With Peyush Bansal alone selling โ‚น820 crore worth and staying firmly in control, this feels less like an exit and more like a founder monetizing early belief in a profitable business. Biggest OFS yet.

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