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Omnichannel eyewear retailer Lenskart’s Rs 7,278 crore IPO is set to deliver hefty returns ranging from 4X to nearly 17X, offering a major payday for its promoters and early investors. The issue will open for subscription on October 31.
According to its RHP, the Gurugram-based company aims to raise Rs 2,150 crore through a fresh issue, while existing shareholders will sell up to 12.75 crore shares worth Rs 5,128 crore via an offer for sale (OFS) at the upper price band of Rs 402 per share, valuing the company at around Rs 70,000 crore ($8 billion).
