Lenskart IPO: Billionaire Dreams and Market Buzz
Peyush Bansal, the man who turned eyewear into a cool retail experience with Lenskart, is now eyeing billionaire status as the company hits the public market. The much-awaited Lenskart Solutions IPO opens on Friday, October 31, 2025, and it’s already the talk of Dalal Street.
Lenskart aims to raise ₹7,278 crore, combining a fresh issue of ₹2,150 crore and an offer-for-sale (OFS) worth ₹5,128 crore. Bansal himself is offloading shares worth nearly ₹833 crore, while still holding an 8.78% post-issue stake — valued at over ₹6,100 crore.
But to officially join the billionaire club, Bansal needs Lenskart’s share price to rally further after listing.
Read More :- 8th Pay Commission Approved: What It Means for Central Govt Employees and How Much Salary May Rise
The Road to Billionaire Club
Founded in 2010, Lenskart has grown from a scrappy online glasses seller into a retail powerhouse backed by KKR, Abu Dhabi Investment Authority, and TPG. Even Radhakishan Damani and SBI Mutual Fund joined the pre-IPO party with ₹90 crore and ₹100 crore investments, respectively.
If the listing goes well, Bansal will become the fourth Shark Tank India star to turn billionaire after Deepinder Goyal (Zomato), Ghazal Alagh (Mamaearth), and Namita Thapar (Emcure Pharma). But unlike the others, his business has solid profits to back the hype.
Shankar Sharma’s Take: “An Organised Campaign Against Lenskart”
Not everyone is cheering though. Social media has been buzzing with doubts about Lenskart’s “sky-high” valuations and Peyush Bansal’s ₹222 crore share acquisition earlier this year.
Veteran investor Shankar Sharma didn’t hold back. In a fiery post on X (formerly Twitter), he said,
“There is an organised campaign against Lenskart. At 10x sales, it’s a steal compared to Paytm, Nykaa, and Zomato which IPO’d at 25–50x revenues — and with losses too.”
Sharma’s point? Investors seem to have short memories when it comes to what was once considered “premium tech valuations.”
Brokerage Calls: ‘Subscribe, But With Caution
Brokerages, meanwhile, remain mostly positive. The company’s ₹70,000 crore valuation is drawing comparisons to top retail names like Trent and Metro.
- Nirmal Bang said the valuations are “fair” considering Lenskart’s scale and growth potential, recommending a ‘subscribe for long term’.
- Marwadi Financial Services issued a ‘subscribe with caution’ call, flagging rich valuations but acknowledging the brand’s market dominance.
- SMIFS called Lenskart a “high-risk, high-potential” play for investors seeking long-term growth in India’s booming eyewear market.
Lenskart currently commands a grey market premium (GMP) of around ₹65–70 per share, hinting at a 16–17% listing gain.
The Bigger Picture
Lenskart isn’t just selling spectacles anymore — it’s selling convenience, design, and brand experience. From stylish frames to home eye tests, it has built a strong omnichannel model that bridges online and offline retail seamlessly.
Financially, though, the company is trading at a P/E ratio of 227x and EV/EBITDA of 73x, numbers that are steep by traditional retail standards. Still, analysts believe the profitability turnaround in FY25, combined with India’s massive untapped eyewear market, gives Lenskart a real shot at sustainable growth.
Read More :- Over ₹452 Crore Unclaimed in Thane Banks — Here’s How to Reclaim Your Money via RBI Portal
The Bottom Line
For Peyush Bansal, the IPO is more than just a fundraise — it’s a defining moment. Whether or not Lenskart’s stock zooms enough to crown him a billionaire, his journey from a Microsoft employee to India’s eyewear mogul is already a story worth seeing clearly
