Lenskart Files for ₹8,000 Crore IPO with Fresh Issue and Major Stake Sale
Mumbai: Lenskart Solutions, a multi -channel retailer retailer, opened the prospectus (DRHP) in the draft red oven for the first public offering (IPO) to the sale of more than 13.22 Crore Shares with India’s Securities and Stock Exchange Board (Sebı). Total estimated public offer size is approximately 8,000 Crore.
More than 13.22 will be made by the Promotör’s shareholders Peyush Bansal, Neha Bansal, Amite Chaudhary and Sumeet Kapahi by the promoter. Sales shareholders include Schroders Capital, Macritchie Investments, Kedaara Capital, Lightbulb and Alpha Wave Ventures.
The company proposes to use net revenues for various strategic initiatives, including capital expenditures to establish stores of the company, operated by the new company in India; Payments related to rent, rent and license agreements for these stores; Investments in technology and cloud infrastructure; Brand Marketing and Business Promotion to increase brand awareness; Inorganic purchases; and general institutional purposes.
Founded in 2008, Lenskart started operations in India in 2010 and opened its first retail store in New Delhi in 2013.
In two places supported by the regional facilities in Singapore and the United Arab Emir, Bhiwadi, Rajasthan and Gurulam have and operate the design and prescription glasses production facilities.
