Eyewear brand Lenskart's founder and CEO, Peyush Bansal, best known from Shark Tank India, is set to pocket about ₹824 crore through the company's initial public offering (IPO).

Bansal will offload 2.05 crore shares in the offer for sale (OFS) portion, priced at the upper end of ₹402 per share.

He had originally acquired these shares at an average cost of just ₹18.6 apiece, meaning he will earn over 20 times his initial investment, translating to a massive return of over 2,000%.

Post-listing, Bansal will retain about 8.78% ownership in Lenskart .

The IPO, which has opened for subscription today, will remain open until November 4. The company is looking to raise up to ₹7,278.02 crore via the issue.

Lenskart is offering its shares at a price band of ₹382-₹402 apiece, with 10% of the i

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