Lenskart: what’s confirmed
- SEBI approval obtained; the offer includes a ₹2,150 crore fresh issue and OFS by promoters and investors such as SoftBank SVF II, Temasek affiliates, Alpha Wave, Premji Invest, and Kedaara Capital, pushing the total to ~₹7,500–₹8,000 crore per reportage.
- Timeline and use: Price band likely by late October and listing in mid‑November; proceeds channelled to store expansion, tech, brand building, and selective acquisitions per filing coverage.
- Scale signals: FY25 profitability with ~₹297 crore PAT and ~₹6,650+ crore revenue cited by outlets ahead of the offer.
Groww: what’s lined up
- Structure and size: Total ~₹7,000 crore with ₹1,060 crore fresh issue and OFS up to 57.42 crore shares by existing investors, with price band expected by late October and launch in early November per bankers’ guidance.
- Valuation talk: Target range near $7–8 billion depending on book quality and market tone, with anchors to set the tone for pricing.
- Operating scale: Media cite ~1.26 crore active NSE clients and ~26% retail market share, underscoring category leadership going into the book build.
What to watch next
- RHPs and final seller list: Will confirm OFS breakdowns, use‑of‑proceeds specifics, and implied valuation bands for both companies.
- Anchor book quality: Participation from long‑only and sovereign funds typically signals confidence and can stabilize pricing into listing.
- Market window: Late‑October price‑band announcements are contingent on steadier risk sentiment; watch indices, rates, and recent IPO performance for timing tweaks.