Lenskart Raises ₹3,268 Crore from 147 Anchor Investors
Lenskart, the omni-channel eyewear retailer, is set to make headlines with its upcoming initial public offering (IPO), which opens on October 31 and closes on November 4. The price band for its shares is set between ₹382 and ₹402 each. Ahead of this significant financial venture, Lenskart has successfully mobilized ₹3,268.3 crore from 147 anchor investors.
Key Details of the Fundraising
– Equity Shares Allotted: A total of 8.13 crore equity shares have been allocated at the upper limit of ₹402 per share.
– Diverse Investor Base: The anchor investor group includes reputed players from both domestic and international markets, ensuring a robust backing for the IPO.
Prominent participants in this fundraising include:
– Domestic Mutual Funds:
– SBI Mutual Fund
– HDFC Mutual Fund
– ICICI Prudential Mutual Fund
– Kotak Mutual Fund
– Axis Mutual Fund
– DSP Mutual Fund
– Franklin Mutual Fund
– WhiteOak Capital
– Mirae Asset
– Insurance Companies:
– SBI Life
– HDFC Life
– ICICI Prudential Life
– Bajaj Allianz Life
– Tata AIA Life
– Foreign Funds:
– Government of Singapore
– Monetary Authority of Singapore
– Norway’s Government Pension Fund Global
– T Rowe Price
– Fidelity
– BlackRock
– Capital Group
– Goldman Sachs
The strong support from this mix of investors underscores the confidence in Lenskart’s business potential and market strategy.
As Lenskart prepares for its IPO, the engagement from both local and global investors is a testament to the company’s promising future in the eyewear industry. With this significant capital injection, Lenskart aims to strengthen its market presence and expand its operations.
This IPO not only marks a critical milestone for Lenskart but also reflects the growing interest in the eyewear retail sector, paving the way for future opportunities. Keep a close eye on this IPO, scheduled for October 31 to November 4, as it could reshape Lenskart’s trajectory in the competitive market landscape.