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, 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,

Eyewear maker Lenskart has filed its DRHP with Sebi to launch an IPO comprising a fresh issue of shares worth Rs 2,150 crore and an OFS of up to 132.3 million shares. The company intends to utilise the funds raised to support its global expansion,