Lenskart IPO: Lenskart co-founder and CEO Piyush Bansal is speaking to lift a mortgage of ₹ 200 crore. He’ll use those cash to extend his stake within the corporate. Moneycontrol has won this knowledge quoting resources. About part in their stocks, together with Softbank, Chiratae and TR Capital, Lenskart’s Softbank, are going to promote some stocks. On the other hand, Piyush Bansal is interacting to shop for this ievier startup stocks at a valuation of ₹ 8500 crore, which is prone to come at a valuation of ₹ 85 thousand crore via the tip of this yr.
How a lot is PEYUSH BANSAL’s stake in Lenskart?
Piyush Bansal desires to buy stocks of Lenskart at a valuation of $ 1 billion, which is the 10th of the valuation of $ 10 billion, or $ 1000 crore, fastened for IPOs. The particular factor is this $ 10 billion valuation is sort of double the valuation of the time of secondary transactions in June 2024 remaining yr. In June 2024, Temasek and Constancy received $ 20 crore stocks of Lenscart at a $ 5 billion valuation. Now if Piyush Bansal is a success in purchasing stocks at a valuation of $ 1 billion, then it signifies that the corporate will achieve the 2019 valuation degree. Piyush Bansal has about 4 stake within the corporate and now he desires to extend it 2 % extra, this is, after this acquire, his stake in Lenscart will likely be round 6%. On the other hand, in line with TracxN information, he additionally has some stocks from the Worker Inventory Overception Plan (ESOP) which is the same as about 19% stake within the corporate.
The place has the paintings reached with IPO?
Now, speaking concerning the IPO of Lenskart, within the coming few weeks, the corporate plans to record a draft purple herring prospectus (DRHP) of the IPO. In line with Moneycontrol record, the corporate plans to carry an IPO of $ 100 crore on a valuation of about $ 1 thousand. This IPO is Kotak, Axis Capital, Town, Morgan Stanley and Avandus bankers. Speaking concerning the corporate’s trade well being, it’s been in consistent losses for the previous couple of years because of trade growth, whilst ahead of that it used to be in benefit. In FY 2024, the corporate incurred a lack of ₹ 10 crore and won a income of ₹ 5,427 crore. The corporate has now not but presented trade result of FY 2025. It’s been began via Piyush and Neha Bansal, Amit Chaudhary, Ramanik Khurana and Sumit Kapahi. It sells eyewear in India, Singapore, UAE and Japan. It has raised greater than $ 100 crore together with ADIA, Criscap, SoftBank, Alpha Wave.