Lenscart is speaking to five funding banks to nominate advisor of its mega IPO – INA NEWS

Lenskart, an organization promoting glasses, is speaking to five investments banks to nominate an advisor for its IPO. Sources conscious of the case have given this data. The corporate is getting ready to convey an IPO of greater than $ 1 billion this month. A supply mentioned, “A decisive dialog has been held with Kotak Mahindra Capital, Axis Capital, Metropolis, Morgan Stanley and Avends Capital in reference to the IPO and could also be appointed as an advisor quickly. The deal can start in mid -February. Extra advisors could also be appointed if wanted.

Lenskart has mentioned necessary plans and roadmaps associated to its IPO within the assembly with potential advisors. Additionally, they’ve been informed in regards to the obligations. Two different sources have additionally confirmed the event. A supply mentioned, ‘The IPO course of continues to be within the early levels and the problem dimension has not been finalized but. Nevertheless, the corporate plans to boost greater than 1 billion {dollars} by means of problem.

Moneycontrol reported on 9 January that Lenskart had interacted with funding banks in reference to the corporate’s IPO. Earlier, Lenskart raised $ 20 million from Temasake and $ 5 billion from Constancy. Nevertheless, there was no response to the e-mail despatched to Lenskart on this connection.