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Tata Capital Limited, the financial services arm of the Tata Group, is gea...
when i can expect this come to IPO, any approx period
( Financial update )
Financials of Hero motors Limited are updated for 2022
( Financial update )
Financials of Lenskart Solutions Private Limited are updated for 2022
( articles )
1. Business Model of Vikram Solar
Vikram Solar Limited is a vert...
( Event )
Hero Motors Files DRHP for ₹12,000 Cr IPO
( Event )
Tata Capital to raise ₹1,752 crore via rights issue at ₹343 per share in a 1:78 ratio
( Comment )
Important Update on Lenskart Shareholding Structure
As of 31st March 2024, the outstanding shares of Lenskart are as follows:
Equity Shares: 7,70,92,624
Preference Shares (CCPS): 83,25,27,707
Subsequently, on 16th October 2024, Lenskart issued a bonus in the ratio of 9:1 only to equity shareholders, increasing the total equity shares to 77,09,26,240. No bonus was issued on CCPS.
Please note: The conversion ratio of CCPS to equity shares has not been disclosed publicly. This information will only be available once the DRHP (Draft Red Herring Prospectus) is filed. Hence, the final post-conversion equity share count remains uncertain.
The last known CCPS issuance was in 2023 at a price of ₹2,257/share, implying a ~₹30,000 crore valuation for the company at that time.
⚠️ Investor Caution: Be clear on what you are buying — Equity Shares or CCPS.
If Lenskart shares are being offered at ₹2,700/share, it is justified only if it's CCPS, given their preferential rights and eventual conversion terms.
