SoftBank-Backed Lenskart IPO to Raise as Much as $828 Million

Eyewear retailer Lenskart Solutions Ltd. said its upcoming initial public offering in Mumbai will seek to raise as much as 72.8 billion rupees ($828 million) as India’s market for new listings heats up.

The shares will be offered at 382 rupees to 402 rupees apiece, according to an advertisement by the SoftBank Group Corp.-backed company. Anchor investors will be able to bid on the stock on Oct. 30, and subscriptions will open for others the following day until Nov. 4, according to the schedule.

The company, founded by Indian “Shark Tank” judge Peyush Bansal, is the latest big ...