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Poosarla Sai Karthik

Tech guy with a busi... • 3m

Lenskart’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 ₹1,100 crore ($125M) worth of shares, around 1.6% stake, while still holding roughly 18% after the issue. For context, Nykaa’s founders sold ₹540 crore in 2021 and Paytm’s Vijay Shekhar Sharma sold ₹403 crore. Lenskart’s OFS is almost twice that. What’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 ₹820 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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