Road to Dalal Street: Lenskart, Wakefit IPOs get Sebi nod

BENGALURU: Eyewear retailer Lenskart and furnishings company Wakefit have received approval from Sebi to go public, paving the way for two startup IPOs. According to their draft papers, both startups plan to raise fresh capital while enabling existing shareholders to offload part of their stakes through offers for sale (OFS). Lenskart’s proposed IPO includes a fresh issue of shares worth Rs 2,150 crore and an OFS of 13.2 crore shares by existing investors. Lenskart’s listing is expected to raise Rs 7,500-8,000 crore. Wakefit’s proposed IPO includes a fresh issue of shares worth Rs 468 crore and an OFS of 5.8 crore shares.