In today’s briefing:
- Lenskart IPO: Earliest Index Inclusion in June
Lenskart IPO: Earliest Index Inclusion in June
- Lenskart Solutions (0370405Z IN) is looking to list on the exchanges by selling 181.05m shares via a primary and secondary offering to raise US$829m at a valuation of US$7.95bn.
- The price band has been set at INR 382-402/share, and the issue is likely to price at the top end of the range.
- The stock will not get Fast Entry to global indices. Inclusion at regular rebalances will commence in June 2026 but flow will be small given the low float.
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