LensKart, the eyewear giant founded by Peyush Bansal, is all set to make a landmark debut on the Indian stock exchanges on November 10. The company, which began as a small online eyewear retailer 15 years ago, now boasts a massive presence across India, Japan, Southeast Asia, and the Middle East. With a valuation touching ₹70,000 crore, LensKart’s IPO has become one of the most talked-about market events of the year.
At the IPO press conference, Peyush Bansal was at his witty and visionary best, declaring his ambitions of taking LensKart global — not just as a retail brand but as a movement, much like how India’s IT services industry conquered the world. His message was clear: the next phase of growth lies in global expansion and technological innovation.
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However, it’s not just the vision that has caught the market’s attention — it’s the stunning valuation leap. Only two months ago, Bansal led a buyback round where LensKart shares were valued at $1 billion (around ₹52 per share). Fast forward to the IPO filing, and the company’s price band has been set between ₹382 and ₹402 per share. This means LensKart’s valuation has jumped nearly sevenfold in a matter of weeks, a rare feat in India’s startup ecosystem.
LensKart’s Journey: From Startup to Global Contender
Founded in 2010, LensKart started as a digital-first eyewear platform making prescription glasses and contact lenses affordable and accessible. Over the years, Bansal transformed the brand into a technology-driven retail powerhouse, leveraging data, design, and omnichannel innovation. With over 2,000 stores across India and a growing international footprint, LensKart has become synonymous with stylish, high-quality eyewear at competitive prices.
The company’s global expansion into Singapore, the UAE, and now Japan underscores its strategy to become a worldwide eyewear leader. Much like Indian IT giants Infosys and TCS revolutionized tech services, Bansal aims to make LensKart the face of India’s retail innovation abroad.
The Valuation Debate
The valuation jump has triggered intense debate among market analysts and investors. Many are questioning how LensKart’s share price could rise from ₹52 to over ₹400 in such a short span. Supporters argue that the buyback was a strategic move to consolidate ownership before the IPO, while the higher pricing reflects strong investor demand, profitability improvements, and global potential.
Market experts believe the ₹70,000 crore valuation signals growing confidence in Indian consumer tech brands that combine digital reach with physical retail strength. With solid revenue growth, improving margins, and expanding international operations, LensKart may well justify its ambitious pricing.
The Road Ahead
As the LensKart IPO approaches, all eyes are on how the market responds. If the listing meets expectations, Peyush Bansal could set a new benchmark for Indian startups eyeing global scale. His bold vision — to make India a global eyewear hub — could turn into a reality, marking another milestone in India’s evolving startup story.
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