Lenskart CEO Peyush Bansal calls IPO ‘Day Zero’ on eve of listing
ETtech November 10, 2025 03:00 AM
Synopsis

On the eve of the listing, CEO Peyush Bansal emphasised that the IPO is the start of a new chapter for the company. "The bell will ring. We'll take a deep breath, smile and get back to work. Because for us, every customer, every day, every smile of clarity is Day Zero," the note read.

Peyush Bansal, CEO of Lenskart, speaks during the company's IPO announcement in Mumbai, India, October 27, 2025.
As Lenskart prepares to ring the stock market bell on November 10, CEO Peyush Bansal, in a personal note posted on LinkedIn, described the moment not as an ending but as "Day Zero ."

On the eve of the listing, Bansal emphasised that the IPO is the start of a new chapter for the company. "The bell will ring. We'll take a deep breath, smile and get back to work. Because for us, every customer, every day, every smile of clarity is Day Zero," the note read.

Bansal also lauded Lenskart engineers and designers, saying that a company is "nothing without its people". He thanked cofounders Amit Choudhary, Neha Bansal, Sumeet Kapahi and Ramneek Khurana. "Profit is oxygen but purpose is breath," Bansal wrote.


The chief executive also mentioned Flipkart's sale to Walmart, calling it a bittersweet memory. "[The deal] was a reminder that we were still parting with our dreams early," Bansal said, adding that Lenskart was born out of a dream that India can build global institutions, not just startups.

The eyewear retailer is set to debut on the bourses on Monday, with its Rs 7,300-crore IPO, aiming for a valuation north of Rs 70,000 crore. The heightened valuation has resulted in intense public scrutiny and sharp comments on social media. In an interview with ET on October 31, Bansal had addressed this online chatter.

"Shark Tank has given me some training for public scrutiny. Criticism isn’t always negative; it can be constructive. When I started the company, it was called Enable India, and people mocked the name. But I learned to read between the lines and stay on course. You must develop your own view," he said at the ET Startup Awards 2025.

Ahead of the IPO, Lenskart mobilised Rs 3,268.3 crore from 147 anchor investors. The company allotted 8.13 crore equity shares at the upper end of the price band at Rs 402 per share to domestic and global investors.
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