Lenskart plans $1 billion IPO, hiring Kotak Mahindra and Morgan Stanley: Report

Eyewear company Lenskart Solutions Pvt is said to be hiring arrangers like Kotak Mahindra Bank Ltd. and Morgan Stanley for a $1 billion Initial Public Offering (IPO) this year, according to a Bloomberg report which cited unnamed sources.

Lenskart may seek a valuation of $8 billion and other banks may also join to work on the IPO. However, the considerations are currently ongoing with no final decision made so far, because of which details like IPO size and company valuation may vary, the report read.