Lenskart IPO: Eyewear retailer's anchor book gets bids worth Rs 68,000 crore from top FIIs, domestic MFs: sources

Lenskart Solutions, omni-channel eyewear retailer, has mobilised Rs 3,268.3 crore from 147 anchor investors ahead of its initial public offering (IPO). The company allotted 8.13 crore equity shares at the upper end of the price band at Rs 402 per share to domestic and global investors.

Prominent participants included SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, DSP Mutual Fund, Franklin Mutual Fund, WhiteOak Capital, and Mirae Asset, along with insurers such as SBI Life, HDFC Life, ICICI Prudential Life, Bajaj Allianz Life, and Tata AIA Life.

Among foreign funds, Government of Singapore, Monetary Authority of Singapore, Norway’s Government Pension Fund Global, T Rowe Price, Fidelity, BlackRock, Capital Group and Goldman Sachs participated in the anchor book.


Lenskart’s IPO opens on October 31 and closes on November 4, with a price band of Rs 382-402 per share.

The Gurugram-based company's anchor book has received bids worth Rs 68,000 crore, people briefed on the matter said. This is almost tenfold of Lenskart’s IPO size of Rs 7,300 crore.

SBI Mutual Fund and Dmart promoter Radhakishan Damani had earlier bought Rs 190 crore worth of shares in pre-IPO secondary transactions from Lenakart cofounder Neha Bansal.

At Rs 402 per share, Lenskart, which was adjudged Startup of the Year at the ET Startup Awards 2024, is valued at Rs 70,000 crore for its IPO. The company's shares will list on the exchanges on November 10.

In an interview with ET, founder and CEO Peyush Bansal said the 17-year-old company, which had once experimented beyond eyewear, has sharpened its focus on its core mission to sell a billion pairs of glasses without categorising itself as an online, offline or omnichannel retailer.