Lenskart will not use a confidential route to introduce an IPO. Instead, the company will file draft Red Herring Prospectus (DRHP) to SEBI. Sources who are aware of the case told about this. Lenskart has a plan to listen to themselves in exchanges for a long time. The company has brought a major change in the glasses market in India. Its brand has become quite strong in the last few years. The company offers another glasses free on buying one glasses in the gold scheme.
New Edge Companies use a confidantial route
To use a normal root instead of the use of a confidential route for IPO Lenskart Decision is a little shocked. The reason for this is that most of the new age companies have used or are thinking of using a confidantial route for IPOs. In Swiggy, Growww, Boat, Phyiscswallah And Meesho Companies like are involved. The IPO’s plan of some of these companies is in the final stages.
What is confidential route,
In this route, the information about the company is not immediately made public. In contrast, as soon as the company hands over draft red herring prospectus to SEBI for IPO in the normal route, it is made public. This gives people every information about the company. The company’s sensitive information does not reach the people in the Confidential Route, this provides the company to fix the timing of the IPO according to its own.
Lenscart’s brand is quite strong
Lenskart boss Piyush Bansal has made his company’s position quite strong before introducing the IPO. Lenskart’s largest rival Titan Eye Plus in the market. However, its operation is not as big as lenscart. In a way, there is no competition for lenscart. Experts say that this is the reason why the company wants to apply for IPO near SEBI from the normal route instead of confidant.
Also read: HDB Financial IPO: How is HDB Financial IPO for investment?
IPO can be Rs 85000 crore
Bansal has been coming as a judge on the Indian Vajarn of the Bansal Shork Tank TV program. This has also strengthened the brand of Lenskart. Bansal and Lenskart did not answer the questions asked about the IPO. It is said that Bansal will apply for IPO near SEBI by the second week of July. It can be one of the largest IPOs in India. The company’s valuation for this $ 100 million IPO can be $ 1000 million. It will be Rs 85000 crore for Rs.
