Lenskart Raises Rs 3,268 Crore from Anchor Investors Ahead of IPO
- Secures Rs 3,268 crore from anchor investors ahead of IPO launch.
- Allots 8.13 crore shares at Rs 402 per share, the upper price band.
- Strong participation from top mutual funds and global investors.
Omni-channel eyewear retailer Lenskart Solutions Limited has raised Rs 3,268.36 crore from 147 anchor investors ahead of its much-awaited initial public offering (IPO). The Premji Invest-backed company allotted 8.13 crore equity shares at Rs 402 per share, the upper end of its price band.
The IPO will open on October 31 and close on November 4, with a price band of Rs 382-Rs 402 per share. Investors can bid for a minimum of 37 shares, amounting to an investment of Rs 14,874, and in multiples thereafter.
Lenskart’s anchor book received robust participation from both domestic and global investors. Around 2.87 crore shares (35.34%) were allotted to 21 domestic mutual funds across 59 schemes, including SBI, HDFC, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life. Leading insurers such as SBI Life, HDFC Life, and ICICI Prudential Life also participated.
On the global front, prominent investors like GIC, MAS, GPFG, Fidelity, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington joined the round, underscoring the strong market confidence in Lenskart’s growth story.
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In a separate deal, SBI Mutual Fund invested Rs 100 crore through a secondary transaction, acquiring shares from co-founder Neha Bansal at Rs 402 apiece for a 0.15% stake. The IPO is expected to deliver significant returns for early investors, with founders likely to gain around Rs 1,100 crore in exit proceeds and early backers such as Premji Invest and Schroders Capital set to record up to 17x returns.
