India, July 28 -- Omnichannel eyewear retailer Lenskart has received the approval of its shareholders to raise INR 2,150 Cr ($248.7 Mn) through a fresh issue of shares as part of the initial public offering (IPO).

As per Lenskart's filings with the MCA assessed by Inc42, the company's fresh issue will also include a secondary offer for sale (OFS) component by existing investors.

The listing is subject to further corporate and other approvals.

CNBC TV18 reported the development first.

The overall IPO size is reportedly expected to be around $1 Bn or INR 8,500 Cr.

Lenskart also proposed to list the equity shares on the BSE Limited and the National Stock Exchange of India Limited and any other stock exchange as determined by its board....