Lenskart Secures Shareholders’ Approval To Raise Rs 2,150 Cr Through IPO: Report
Reports state that Lenskart will file its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) in the coming days
Reports state that Lenskart will file its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) in the coming days
The reports state that the company’s draft red herring prospectus (DRHP) has been filed under Sebi’s pre-filing route
The proposed initial public offering (IPO) includes a combination of fresh issuance of shares worth Rs 800 crore and offer-for-sale (OFS) of 48.5 million shares by existing shareholders
The company plans a partial exit for investors including peak XV, Investcorp and founders via 5.8 crore share OFS
The reports note that the company is likely to file the draft prospectus for its upcoming initial public offering in the next two to three weeks.
The reports say that 360 One and Centrum Wealth are in discussions to facilitate secondary deals worth Rs 300 to 350 crore in the company
The founders of Waayu state that the brand eyes scaling to around 25,000 to 30,000 orders a day by the end of the current fiscal year
The reports state that the initial public offering (IPO) is likely to hit the market in the calendar year 2026
The development comes as the company is shifting its focus to profitability and margins ahead of its initial public offering (IPO)
The IPO will comprise a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of shares totalling Rs 1,471 crore