Peyush Bansal, SoftBank, Premji Invest strike gold despite a dull debut to Lenskart’s IPO

Lenskart's tepid IPO debut has still made it rain for early investors, like SoftBank, Premji Invest, and Temasek, even though it opened at a discount to its IPO price.

Lenskart shares closed at Rs 404.5, a marginal increase from its IPO price of Rs 402 apiece. Its muted performance on listing day comes after its IPO saw robust demand on the final day, with the total issue being oversubscribed 28X by the last day of bidding.

SoftBank, through its fund SVF II Lightbulb, sold 2.5 crore shares, acquired at a weighted price of Rs 74.26 per share. At the opening price of 392 apiece, the fund is set to take home a whopping Rs 987 crore, a 5X return.

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Premji Invest, another early backer of the omnichannel eyewear retailer, has realised gains worth Rs 343.6 crore from the listing. It had sold about 87 lakh shares in the secondaries, acquired for Rs 24.14 apiece, making it a 16X payday from its investment.

Temasek’s MacRitchie Investments Pte, which sold 78 lakh shares acquired at Rs 97.5 each, will see its stake appreciate from Rs 76 crore to Rs 308 crore, translating into a 4X return.

Promoters take the biggest cheques

Co-founder and CEO Peyush Bansal has made some of the biggest gains out of the company's domestic listing. Bansal sold 2.04 crore shares, acquired at an average price of Rs 18.6 per share. His sale, valued at Rs 37.9 crore, has now realised a return of Rs 805 crore, a whopping 2018.42% gain.

Neha Bansal, Co-founder and Executive Director, sold 10 lakh shares bought at Rs 7.6 apiece. Her holding, once valued at Rs 76 lakh, is now worth Rs 39 crore, about 52X return.

Co-founders Amit Chaudhary and Sumeet Kapahi, who sold around 28 lakh shares each purchased at roughly Rs 8 per share, will also see windfalls. Their stake share brought home cheques worth Rs 110 crore, marking a 49x return.