Lenskart Options and Wakefit Improvements have gained a inexperienced mild from the Securities and Change Board of India (SEBI) to proceed with their preliminary public choices (IPOs).
Lenskart, an eyewear retailer, first submitted its IPO paperwork to SEBI in July 2025.
The providing goals to lift Rs21.5bn ($242.2m) by a recent issuance of shares, complemented by a suggestion on the market (OFS) wherein promoters and early buyers plan to dump as much as 132.2 million shares.
Key promoting shareholders within the OFS embody SoftBank’s SVF II Lightbulb (Cayman), Schroders Capital Personal Fairness Asia Mauritius, Macritchie Investments and Alpha Wave Ventures.
Lenskart’s founders Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi will even divest parts of their stakes.
Kotak Mahindra Capital, Axis Capital, Citi, Morgan Stanley and Avendus Capital are book-running lead managers for the IPO.
Proceeds are earmarked for a spread of initiatives, as outlined within the firm’s draft crimson herring prospectus.
These embody the launch of recent company-owned shops, enhancements to its expertise stack and potential acquisitions.
Lenskart’s working revenue rose to Rs66.52bn within the fiscal yr 2025, up from Rs54.27bn in FY24. The corporate additionally returned to profitability, posting a web revenue of Rs2.97bn in FY25 after a lack of Rs100m a yr earlier.
Wakefit — identified for its mattresses, beds, sofas and residential furnishings — filed its IPO utility in June 2025, concentrating on Rs4.68bn.
Promoters Ankit Garg and Chaitanya Ramalingegowda are set to take part within the OFS, alongside nvestors Peak XV Companions, Verlinvest, Investcorp Funds, Redwood Belief and Paramark KB Fund I.
Rs820m from the proceeds will bankroll the opening of 118 new shops, Rs1.45bn might be used for lease and licence funds on present retailers and Rs154m might be used for tools acquisitions.
A major Rs1.08bn will supercharge promoting and advertising efforts.
Within the first 9 months of FY25, Wakefit logged complete revenue of Rs9.94bn alongside a web lack of Rs88m. Within the full FY24, revenue climbed to Rs10.17bn from Rs8.2bn in FY23, whereas web loss shrank to Rs150.5m from Rs1.45bn.
“Lenskart and Wakefit safe SEBI approval for IPO” was initially created and revealed by Retail Perception Community, a GlobalData owned model.
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