The draft offer documents’ processing status as of October 6 indicates that on October 3, Lenskart Solutions, Wakefit Innovations, and Tenneco Clean Air India got observation letters on their preliminary papers.
SEBI Clears Six IPOs
SEBI approved the plans of six initial public offerings (IPOs) to proceed, including Lenskart Solutions, Wakefit Innovations, Waterways Leisure Tourism, and Tenneco Clean Air India. Additionally, the capital markets regulator approved the initial public offerings of Lamtuf and Shree Ram Twistex.
According to the processing status of draft offer documents released on October 6, the market regulator had sent out observation letters on the draft papers of Waterways Leisure Tourism, Shree Ram Twistex, and Lamtuf on September 26. On the other hand, Lenskart Solutions, Wakefit Innovations, and Tenneco Clean Air India received observation letters on their IPO papers on October 3.
Lenskart IPO Plans Revealed
The firm may start its initial public offering (IPO) within the following year after receiving an observation letter.
The eyeglasses business Lenskart Solutions, sponsored by SoftBank and Kedaara Capital, submitted draft documents to SEBI in July of this year. The company plans to raise Rs 2,150 crore via its new issue, and investors and promoters would sell 13.22 crore equity shares through an offer-for-sale (OFS).
“The Lenskart OFS features selling shareholders including the company’s promoters, along with investors such as SoftBank-owned SVF II Lightbulb (Cayman), Schroders Capital, Azim Premji-backed PI Opportunities Fund, Macritchie Investments, Kedaara Capital, and Alpha Wave Ventures.”
Wakefit, Lenskart Eye IPO
As part of the new issue component, the biggest seller of prescription eyeglasses in Gurugram may also think about collecting up to Rs 430 crore in a pre-IPO transaction.
In June of this year, the sleep and home solutions business Wakefit Innovations, supported by Peak XV Partners, submitted its draft red herring prospectus (DRHP) to the SEC with the goal of raising Rs 468.2 crore via a new share offering.
Additionally, a number of investors, including Peak XV Partners, Redwood Trust, Verlinvest SA, Investcorp, SAI Global Fund, and Paramark, together with founders Ankit Garg and Chaitanya Ramalingegowda, would be selling up to 5.8 crore equity shares via an OFS.
Before launching the IPO, the D2C home and furnishings firm located in Bengaluru may potentially raise up to Rs 93.64 crore.