Bansal, who owns a 10.3% stake in Lenskart, is also selling 20.5 million shares in the initial public offering’s (IPO) offer-for-sale component. At the Rs 70,000-75,000 crore (around $8-9 billion) valuation at which Lenskart is aiming to go public, the sale could result in proceeds of around Rs 700-750 crore for Bansal.