Lenskart converts to public entity ahead of potential $1-billion IPO

Eyewear retailer Lenskart has officially become a public company, a key milestone as the Gurugram-based company prepares to launch its initial public offering (IPO). The company’s board passed a special resolution to change its name from Lenskart Solutions Private Limited to Lenskart Solutions Limited during an extraordinary general meeting on May 30.  The move signals Lenskart’s intent to list on one or more Indian stock exchanges, though the company has not yet disclosed the size or the timing of the issue. In its filing, Lenskart said the name change would allow it to proceed with its proposed public offer, without sharing the details. The company is eyeing a public issue of more than $1 billion, which would make it one of the largest IPOs in India’s new-age consumer tech space.