Lenskart expected to raise Rs 430 crore in pre-IPO placement from Dmart’s Damani, SBI MF: sources

Eyewear retailer Lenskart is in talks to close a Rs 430 crore pre-IPO placement with investors such as DMart promoter Radhakishan Damani and SBI Mutual Fund, according to people in the know. The company plans to list on the bourses early November — in what will be among the biggest IPOs by an Indian new-age company.

ET had reported earlier that Lenskart is targeting a valuation of Rs 70,000-75,000 crore (around $9 billion) for its public issue.

The pre-IPO funding was carved out of the fresh issue component of its upcoming Rs 8,000 crore IPO.

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