Eyewear retailer Lenskart has filed the red herring prospectus for its initial public offering (IPO), which will be launched on October 31. The IPO, which will close on November 4, will see Lenskart raise Rs 2,150 crore and shareholders sell 127.5 million shares via the offer-for-sale (OFS) portion, as per the RHP.
Lenskart’s shares will list on the exchanges on November 10.
The OFS has been downsized from 132.3 million shares earlier to accommodate for the pre-IPO secondary transaction conducted by Lenskart cofounder Neha Bansal, who sold sold Rs 90 crore worth of stock to Shrikanta R Damani, wife of Dmart promoter Radhakishan Damani. This transaction was done at a per share price of Rs 402.
The Gurugram-based company also reported its April-June quarter numbers in its RHP – posting a 25% growth in operating revenue to Rs 1,894 crore. Lenskart swung to a Rs 61 crore net profit during the quarter, compare to a Rs 11 crore loss in the same period last year.
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