Promoter tag adds skin in the game, says Lenskart's Bansal

Lenskart's 4 promoters will continue to hold 17-18% stake after selling over 240 million shares

- Sowmya Ramasubramaniar & Sneha Shah

Lenskart's four promoters will continue to hold nearly 17-18% of the eyewear retailer even after collectively selling more than 240 million shares in the public issue—the highest shareholding retained by promoters post-issue among new-age listed companies.

The promoters—founder and chief executive Peyush Bansal, his sister and co-founder Neha Bansal, Sumeet Kapahi, and Amit Chaudhary, who together own a 20% stake—will still manage to bag upwards of ₹2,000 crore, booking multi-fold returns.

However, for Peyush, who recently raised his stake to about 10%, it's not the monetary gains that move the needle. “These things are part of the evolutionary process. I don’t think the motivation is whether you're a millionaire or a billionaire. Motivation comes if you're able to do what the company is supposed to do. Beyond a point, a few percentages higher or lower does not matter.”