Eyewear retailer Lenskart has secured approval from the Securities and Exchange Board of India (SEBI) for its highly anticipated Initial Public Offering (IPO), marking a significant milestone as the company prepares for a mid-November listing.

Lenskart Solutions plans to raise Rs 2,150 crore through a fresh issuance of equity shares. Additionally, promoters and investors will sell a total of 13.22 crore equity shares, as outlined in the draft red herring prospectus (DRHP). Advertisement

As part of the offer for sale (OFS), the following promoters and investors will offload their shares: promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi; and investors including SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund

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