SEBI issued observations — its equivalent of IPO clearance — to six companies between September 26 and October 3, per a regulator update on October 6, 2026, clearing listings expected to raise over Rs 6,500 crore together. Two of them are marquee consumer-tech names.
SoftBank-backed Lenskart Solutions is cleared to raise Rs 2,150 crore via fresh issue plus an offer-for-sale of 13.22 crore shares by promoters Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, along with investors including SVF II Lightbulb, Kedaara, Alpha Wave, Schroders and Temasek's MacRitchie. Proceeds are earmarked for company-owned store capex, technology and cloud infrastructure, and brand marketing.
D2C sleep and home brand Wakefit Innovations is cleared for a Rs 468 crore fresh issue plus an OFS of up to 5.8 crore shares (Peak XV, Verlinvest, Paramark, Redwood Trust, promoters Ankit Garg and Chaitanya Ramalingegowda). Its DRHP showed Rs 1,032 crore in revenue for the first nine months of FY25, with losses narrowing — the classic profile of a D2C brand timing its public debut. The other four cleared companies: Tenneco Clean Air India, Waterways Leisure Tourism (Cordelia Cruises), Shree Ram Twistex and Lamtuf.
Why it matters for founders
Consumer tech is marching to the mainboard in formation — and listed profitability metrics now set the bar for late-stage private rounds. If you're raising Series C or beyond in D2C, your valuation conversation is increasingly happening against public-market comps, so study the DRHP financials of Lenskart and Wakefit before you walk into the room.