Wednesday, September 16
India's biggest eyewear retailer Lenskart, co-founded by Peyush Bansal of Shark Tank fame, has filed its draft red herring prospectus (DRHP) with market regulator Sebi for what could be an Rs 8,000 crore IPO.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. The total issue size is expected to be in the range of Rs 7,500–8,000 crore, according to reports.Lenskart IPO valuationLenskart is said to be valuing itself at Rs 70,000–75,000 crore in the IPO, where promoters Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi are also offloading stakes. As of now, the promoters own less than 24% stake in Lenskart, with CEO Peyush Bansal o
