- Synopsis
- Lenskart, an eyewear retailer, has filed its DRHP with Sebi to launch an IPO comprising a fresh issue of shares worth Rs 2,150 crore and an OFS of up to 132.3 million shares. The company intends to utilize the funds raised to support its global expansion, strengthen supply chains, and invest in technology.
Eyewear retailer Lenskart has filed its draft red herring prospectus (DRHP) with market regulator Sebi, joining a series of new-age startups which are tapping the public markets this year.
The IPO will comprise a fresh issue of shares worth Rs 2,150 crore and an offer-for-sale (OFS) of up to 132.3 million shares by existing investors, including SoftBank, Alpha Wave, and Kedaara Capital, as per the DRHP reviewed by ET. The total issue size is expected to be in the range of Rs 7,500–8,000 crore, people aware of the matter said.
Lenskart plans to use the proceeds from the primary capital raise to fund its global expansion, strengthen supply chains, and support technology investments. Founded in 2010, the company has grown into one of India’s leading omnichannel D2C brands, with a growing international presence in Southeast Asia and the Middle East.
Source: www.economictimes.indiatimes.com