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ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Economic Times

Economic Times · 25d ago

ETtech explainer: Decoding Lenskart’s draft prospectus for Rs 8,000 crore IPO - The Economic Times

Lenskart, an omnichannel eyewear retailer, is set for a significant IPO, with a draft red herring prospectus (DRHP) filed to raise Rs 2,150 crore. The IPO, including a fresh issue and offer-for-sale from investors like SoftBank, aims for a Rs 7,500-8,000 crore valuation. Lenskart intends to utilize funds for store expansion, technology enhancement, and marketing. Profitable in FY25, the company reported a Rs 297 crore net profit, with significant revenue from international markets.

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Meesho files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Meesho files confidential prospectus for its IPO - The Economic Times

Ecommerce platform Meesho has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise around Rs 4,250 crore ($500 million). The filing, done under Sebi’s pre-filing route, permits companies to keep prospectus details confidential. Meesho’s shareholders recently approved the IPO plan, seeking fresh capital to support the company’s growth and expansion strategies.

Shadowfax files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Shadowfax files confidential prospectus for its IPO - The Economic Times

Shadowfax, a hyperlocal logistics company backed by Flipkart, has filed a confidential draft red herring prospectus for its IPO, aiming to raise Rs 2,000-2,500 crore, with about half in primary shares. This strategic filing allows Shadowfax to gauge investor interest and refine its IPO plans. The company, which reported Rs 1,885 crore in operating revenue for fiscal year 2024, plans to use the funds to enhance quick-delivery services, noting improved business economics and increasing market traction.

Elevation Capital raises Wakefit stake in run-up to IPO; buys Rs 32 crore employee shares - The Economic Times

Economic Times

Economic Times · 1m ago

Elevation Capital raises Wakefit stake in run-up to IPO; buys Rs 32 crore employee shares - The Economic Times

Elevation Capital increased its stake in Wakefit by purchasing shares worth Rs 32.5 crore from current and former employees, as the company prepares for an IPO. The shares were bought at Rs 1,600 each, alloted under Wakefit's 2019 employee stock option plan. Wakefit, which filed its draft red herring prospectus, plans to raise Rs 468 crore through fresh capital. Elevation Capital chose not to participate in the offer-for-sale component of the IPO.

Lenskart secures shareholder nod to raise Rs 2,150 crore via IPO - The Economic Times

Economic Times

Economic Times · 26d ago

Lenskart secures shareholder nod to raise Rs 2,150 crore via IPO - The Economic Times

Lenskart's shareholders have approved an IPO to raise Rs 2,150 crore, with plans to file a draft red herring prospectus with Sebi soon. The eyewear company, valued at $6.1 billion, aims to join other firms seeking public funding. The shareholders also endorsed a new employee stock option plan. Lenskart reported a 43% rise in FY24 revenue and reduced net loss. The company continues to expand its omnichannel strategy, combining online and over 2,500 retail outlets.

ETtech Explainer: Inside Amazon’s victory against Future Group in Reliance deal - The Economic Times

Economic Times

Economic Times · 1m ago

ETtech Explainer: Inside Amazon’s victory against Future Group in Reliance deal - The Economic Times

Amazon won a legal battle against Future Group, as the Singapore International Arbitration Centre ruled Future violated a contract by selling its retail business to Reliance in 2020. Despite investing $200 million in Future, Amazon was awarded only Rs 23.7 crore in damages, far less than its Rs 1,436 crore claim. The battle stemmed from Amazon's contractual right to block Future's sale, highlighting tensions in India's competitive retail landscape.

Decoding The ixigo Moat Ahead Of INR 120 Cr Public Listing

Inc42 · 1y ago

Decoding The ixigo Moat Ahead Of INR 120 Cr Public Listing

Travel tech major ixigo has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an INR 120 crore ($16 million) public listing. The IPO will comprise a fresh issue of shares worth INR 120 crore and an offer for sale (OFS) component of 6.66 crore shares. ixigo's profitability, focus on railway ticketing, and targeting of Tier II and smaller markets are considered major strengths for the IPO. The company aims to use the proceeds to meet working capital requirements, enhance its technology infrastructure, and support inorganic growth through acquisitions.

Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake - The Economic Times

Economic Times

Economic Times · 3d ago

Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake - The Economic Times

Kissht, a fintech lending app, has filed a draft red herring prospectus with Sebi to raise Rs 1,000 crore through a public listing. The company plans to invest Rs 750 crore in its non-banking finance company, Si Creva, with the remainder for corporate purposes. Existing investors like Vertex Ventures will sell 8.8 million shares. Kissht's operating revenue and profit fell in FY25, shifting its focus to longer-tenure loans.

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

YourStory

YourStory · 3m ago

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

Urban Company, an on-demand services platform, is targeting a Rs 1,900 crore raise through its IPO, according to its draft red herring prospectus. The IPO includes a fresh issue of Rs 429 crore and an offer-for-sale component worth Rs 1,471 crore from investors like Accel India and Elevation Capital. Proceeds will fund technology and cloud infrastructure development. The company reported Rs 828 crore revenue in FY24, up 30% from FY23, with reduced losses.

BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

OutlookIndia

OutlookIndia · 6m ago

BoAt Plans Confidential DRHP Filing for IPO, Aims to Raise Rs 2,000 Crore

BoAt, a consumer electronics company, plans to confidentially file its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO), aiming to raise Rs 2,000 crore in FY26. The company, co-founded by Aman Gupta, seeks a valuation exceeding $1.5 billion but hasn't confirmed final figures. Previously, BoAt withdrew IPO papers amid unfavorable market conditions. The company's revenue fell 5% in FY24 to Rs 3,285 crore, yet losses decreased to Rs 70.8 crore.

Tamil Nadu's Milky Mist files DRHP with SEBI to raise Rs 2,035 crore through IPO

IndianStartupNews

IndianStartupNews · 1m ago

Tamil Nadu's Milky Mist files DRHP with SEBI to raise Rs 2,035 crore through IPO

Milky Mist Dairy Food, a fast-growing Indian packaged food company, has filed a draft red herring prospectus with SEBI to raise Rs 2,035 crore via an IPO. The IPO includes a fresh issue of Rs 1,785 crore and a Rs 250 crore offer for sale by promoter shareholders. Funds will be used for debt reduction, capacity expansion, and distribution enhancement. Milky Mist focuses on value-added dairy products, achieving significant growth and high sector margins.

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