India, Nov. 9 -- With Lenskart's shares set to begin trading on the bourses tomorrow, its early backers and founders are set to unlock sizable gains through the offer-for-sale (OFS) component of the IPO.

SoftBank's SVF II Lightbulb, the largest selling shareholder in the IPO, offloaded about 2.5 Cr shares. At the issue price of INR 402, SoftBank will rake in INR 1,005 Cr. This translates to a 5.4X return on its investment.

SVF II first invested $46 Mn in Lenskart in 2020.

Schroders Capital, which sold 1.9 Cr shares, will net INR 763.8 Cr and clock a 9.8X return. PI Opportunities Fund II is set to secure INR 349.7 Cr by offloading 87 Lakh shares, delivering a 16.6X return, one of the strongest outcomes among institutional investors.

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