Lenskart’s ₹7.2K-cr IPO set to hit D-St on Oct 31

EYEWEAR MANUFACTURER AND retailer Lenskart Solutions is preparing to launch its initial public offering (IPO) on October 31, with the issue expected to raise approximately ₹7,278 crore, valuing the company at ₹72,719 crore.

- FE BUREAU

According to the red herring prospectus (RHP) submitted with the Securities and Exchange Board of India (Sebi) on Saturday,the anchor investor portion will open on October 30, followed by public bidding from October 31 to November 4. Share allocation will be finalised by November 6, with the stock expected to debut on BSE and NSE on November 10.

The offering comprises ₹2,150 crore in fresh equity and an offer for sale (OFS) of 127.5 million shares by existing stakeholders. The Guru-gram-headquartered firm, backed by investors including Softbank, ADIA, Temasek and Kedaara Capital positions itself as India's leading organised prescription eyewear seller by volume.