Lenskart to file DRHP confidentially by the end of this month: Sources

Eyewear retailer Lenskart is planning to file its Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) by the end of June 2025, utilizing the confidential filing route. This provision, offered by the market regulator SEBI, allows a company to keep its IPO documents private for a longer period, protecting sensitive business information from competitors until the company is closer to launching the public issue. Lenskart is reportedly seeking to raise around $1 billion through the IPO, which could be one of the largest by an Indian startup. The company has been converting its legal status to a public limited entity, a mandatory step before going public. The decision to use the confidential filing route reflects a strategic approach to navigate market volatility and manage the IPO process more effectively while preparing for a major public market debut.