ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO

Omnichannel eyewear retailer Lenskart on Tuesday filed a draft red herring prospectus (DRHP) for its initial public offering (IPO) with market regulator Securities and Exchange Board of India (Sebi), seeking to raise Rs 2,150 crore in fresh capital.

Lenskart’s IPO will be the biggest among new-age companies — others include Groww, Meesho and PhysicsWallah — going public this year. However, unlike the other companies, Lenskart has not opted for a confidential filing process. Instead, it has filed a 761-page long DRHP.

Simply put, the DRHP is the…