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

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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…



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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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