Lenskart IPO: Founder Peyush Bansal buys back company shares at steep discount ahead of going public

Lenskart founder Peyush Bansal has acquired a 2.5% stake in the omnichannel eyewear retailer for Rs 222 crore from investors SoftBank, Chiratae Ventures, Kedaara Capital, TR Capital, Temasek, Premji Invest and others. The share purchases value the company at over Rs 8,700 crore (around $1 billion), according to information from the company’s draft red herring prospectus, which was filed on Tuesday.

Bansal bought 42.7 million shares at Rs 52 apiece in a series of secondary cash transactions earlier this month, aggregating to Rs 222 crore, the draft…