Lenskart founders, Softbank, Temasek, Kedaara eye windfall gains of up to 5,200% in eyewear firm’s IPO

MUMBAI: Early backers like Softbank, Temasek, Kedaara and the promoters of eyewear player Lenskart Solutions, which is the latest unicorn to hit the market with a Rs 7,278-crore IPO at a price-band of Rs 382–402 per share, are eyeing windfall gains of 145% to 5,200%.

The issue, opening on October 31, consists of Rs 2,150 crore worth of fresh issue and the rest in secondary issuance by promoters and external investors like the Japanese powerhouse Softbank, the Singaporean sovereign wealth fund Temasek, and private equity player Kedaara Capital among others.