Lenskart plans $1 billion maiden offer, joins India’s growing IPO pipeline

Indian eyewear retailer Lenskart Solutions is planning to file for an initial public offering of about $1 billion as early as this week, sources said, according to a Bloomberg report.

The company, backed by the SoftBank group, is finalising the valuation as it prepares to submit its draft red herring prospectus (DRHP) with the market regulator, the people said, asking not to be identified as the deliberations are private.