Lenskart, Wakefit get Sebi clearance for public issues

Omnichannel eyewear retailer Lenskart has received a go-ahead from the markets regulator for its initial public offering (IPO), according to a notification on Monday by the Securities and Exchange Board of India. Mattress and furniture brand Wakefit’s IPO was also cleared, it added.

ET had reported on Friday that Lenskart received Sebi’s nod for its IPO, through which it is looking to raise Rs 2,150 crore in fresh capital. The company is aiming for a listing in mid-November. Its IPO is expected to be sized around Rs 7,000-8,000 crore with shareholders including founders Peyush Bansal, Neha Bansal, Sumeet Kapahi and Amit Chaudhary, in addition to SoftBank, Premji Invest, Temasek and Kedaara Capital also selling shares.

Meanwhile, Bengaluru-based Wakefit is looking to raise Rs 468 crore through the fresh issue portion of its public issue. Its IPO will also have an offer-for-sale (OFS) component. Wakefit’s shareholders, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the OFS component.

Among institutional investors, Peak XV Partners is selling the biggest block of 25 million shares, followed by Belgian investor Verlinvest at 10.2 million shares.