Indian eyewear retailer Lenskart Solutions Pvt. is planning to file for an initial public offering of about $1 billion as early as this week, according to people familiar with the matter.

Schroders and SoftBank are selling 19 and 25.5 million shares, respectively, emerging as the largest selling institutional shareholders in Lenskart.

Lenskart files DRHP for IPO to raise up to Rs 8,000 crore, including Rs 2,150 crore in fresh issue and a large OFS led by Softbank and founders. Schroders to exit fully; Peyush Bansal, Neha Bansal among key sellers.

The IPO will comprise of fresh issuance of shares worth Rs 2,150 crore, and an offer-for-sale of 13.2 crore equity shares by existing shareholders.

Lenskart Solutions is preparing for a significant IPO, aiming to raise between Rs 7,500 crore and Rs 8,000 crore through a fresh issue of shares and an offer for sale. The company plans to use the proceeds for expansion,

Lenskart, a multinational eyewear company based out of Gurugram, is set to hit the Dalal Street soon. The company has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

Lenskart Solutions Limited has submitted its Draft Red Herring Prospectus to SEBI, planning to raise ₹21,500 million through equity shares. The IPO proceeds will fund new stores, technology investments,