The initial public offering (IPO) of Lenskart Solutions is set to open on Friday, October 31 as the omnichannel eyewear retailer is selling its shares in the range of Rs 382-402 apeice. Investors can make bids for a minimum of 37 equity shares and its multiples thereafter. The issue will close for bidding on Tuesday, November 04. Advertisement

Lenskart Solutions is looking to raise a total of Rs 7,278 crore via IPO, which includes a fresh share sale of Rs 2,150 crore and an offer-for-sale (OFS) of up to 12,75,62,573 equity shares worth Rs 5,128 crore. Net proceeds from the issue shall be utilized towards capex to set up new stores, operation expenditure, investing in technology and cloud infrastructure, brand marketing, inorganic acquisitions and general corporate purposes.

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