Lenskart IPO: Shareholders approve Rs 2,150 crore initial public...

Lenskart IPO: Shareholders approve Rs 2,150 crore initial public offering; DRHP filing likely soon, says report

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Lenskart's IPO plans have been formally approved by shareholders, paving the way for a stock market debut. The omnichannel eyewear firm aims to raise ₹2,150 crore as part of its public issue, potentially reaching $1 billion. Lenskart, valued at $5 billion in June 2024, saw its operating revenue rise 43% to ₹5,428 crore in FY24, with net losses narrowing significantly.

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