Lenskart, Billionbrains Set to Cap Record Month for India IPOs

Eyewear retailer Lenskart Solutions Ltd. and financial services firm Billionbrains Garage Ventures Ltd. are set to raise a combined $1.7 billion via initial public offerings later this month, people familiar with the matter said, adding to India’s deluge of stock listings.

SoftBank Group Corp.-backed Lenskart plans to launch an IPO worth about $900 million, while Billionbrains, the parent of India’s largest investment platform Groww, is targeting $750 million, said the people who requested anonymity discussing private matters. Both IPOs are slated for the week of Oct. 27, with stock listings by around Nov. 10, they added.

The two deals ...