[ptrikha21]

Eyewear retailer Lenskart and home furnishings company Wakefit have secured approval from the Securities and Exchange Board of India (SEBI) for their initial public offerings (IPOs).
Lenskart's proposed IPO comprises a fresh issue of shares worth INR 2,150 crore and an Offer for Sale (OFS) of INR 13.2 crore shares by existing investors.

The total IPO size is expected to be around INR 7,500-8,000 crore.

Similarly, Wakefit's public issue includes a fresh issue of INR 468 Crore and an OFS of 5.8 crore shares.
Lenskart plans to utilize the funds for setting up new company-owned stores and technology upgrades.

News Source : The Economic Times, Times of India

#IPO #StartupListing

Image : taken from newspaper

Lenskart-Wakefit-IPOs.jpg (33.74 KiB) Viewed 67 times

[Fergal]

Are those companies benefiting the Indian company by bringing in export revenue?

[monster_masterpiece]

Are those companies benefiting the Indian company by bringing in export revenue?

I think for sure.

[Padmavati753]

Eyewear retailer Lenskart and home furnishings company Wakefit have secured approval from the Securities and Exchange Board of India (SEBI) for their initial public offerings (IPOs).
Lenskart's proposed IPO comprises a fresh issue of shares worth INR 2,150 crore and an Offer for Sale (OFS) of INR 13.2 crore shares by existing investors.

The total IPO size is expected to be around INR 7,500-8,000 crore.

Similarly, Wakefit's public issue includes a fresh issue of INR 468 Crore and an OFS of 5.8 crore shares.
Lenskart plans to utilize the funds for setting up new company-owned stores and technology upgrades.

News Source : The Economic Times, Times of India

#IPO #StartupListing

Image : taken from newspaper

Lenskart-Wakefit-IPOs.jpg

This is exciting news for the startup ecosystem! The advancements in both Lenskart's and Wakefit's IPOs reflect their growth potential and strategic initiatives. Looking forward to seeing how these developments unfold.