Initial public offering of up to 181,063,669 equity shares of face value of Rs.2/- each ("Equity Shares") of Lenskart Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs.402 per equity share of face value of Rs.2/- each (including a share Premium of Rs.400 per Equity Share) ("Offer Price"), aggregating up to Rs.7278.02 crores comprising a fresh issue of up to 53,501,096 equity shares of face value of Rs.2/- each, aggregating up to Rs.2150.00 crores by the company ("Fresh Issue") and an offer for sale of up to 127,562,573 equity shares of face value of Rs.2/- each, aggregating up to Rs.5128.00 crores ("Offered Shares") by Certain Shareholders ("(Selling Shareholders") (such sale, the "Offer for sale", and together with the fresh issue, the "Offer").
The offer includes a reservation of 391,644 equity shares of face value of Rs.2/- each, aggregating up to Rs. 15 crores (constituting up to 0.02% of the post-offer paid-up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 10.44% and 10.41% of the post-offer paid-up equity share capital of the company, respectively. The face value of equity shares is Rs.2 each. The offer price is 201 times the face value of the equity shares. The company, in consultation with the brlms, may consider a pre-ipo placement of specified securities aggregating up to Rs.430.00 crores, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. if the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the of the securities contracts (regulation) rules, 1957, as amended (the "scrr"). The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer. The company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if Undertaken).
A discount of Rs. 19 per equity share is being offered to eligible employees bidding in the employee reservation portion.