Omni-channel eyewear major Lenskart Solutions Limited has secured ₹3,268.36 crore from 147 anchor investors ahead of its much-anticipated initial public offering (IPO). The company allotted 8.13 crore equity shares at the upper end of the price band ₹402 per share, reflecting strong investor confidence.
Strong Institutional Participation
Out of the total anchor allocation, 2.87 crore shares (35.34%) were subscribed by 21 domestic mutual funds through 59 schemes, signaling robust domestic interest. Prominent participants included SBI Mutual Fund, HDFC, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life, alongside insurance majors such as SBI Life, HDFC Life, and ICICI Prudential Life.
Global institutions like GIC, MAS, GPFG, Fidelity, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington also featured among the anchor investors, highlighting Lenskart’s growing international appeal.
IPO Details and Market Outlook
The IPO will open for subscription on October 31 and close on November 4, with a price band of ₹382–₹402 per equity share (face value ₹2 each). Investors can bid for a minimum of 37 shares, amounting to ₹14,874, and in multiples thereafter.
Earlier this week, SBI Mutual Fund invested ₹100 crore in Lenskart through a secondary transaction, acquiring shares from co-founder Neha Bansal at ₹402 apiece.
Founder and Investor Exits
The public offering is expected to generate around ₹1,100 crore ($125 million) in exit proceeds for Lenskart’s founders, while early investors including Premji Invest, Schroders Capital, Temasek, and SoftBank are poised to earn returns ranging from 4x to 17x.
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