Lenskart raises Rs 3,268 Cr from anchor investors prior to IPO
The company’s IPO comprises of a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders.
Eyewear retailer Lenskart Solutions Ltd on Friday said it raised Rs 3,268.36 crore from 147 anchor investors prior to its initial public offering, according to a stock exchange filing.
The company has allotted 8,13,02,412 equity shares at the upper end of its price band of Rs 402 per equity share.
Key global marquee investors who were allocated shares include the Government of Singapore, T Rowe Price, Goldman Sachs, Steadview Capital, and JPMorgan, amongst others.
According to the filing, out of the total allocation, 2,87,33,849 equity shares, comprising 35.34% of the total allocation, were allocated to 21 domestic mutual funds, which applied through a total of 59 schemes. These include SBI, HDFC Mutual Fund, Kotak Midcap Fund, Aditya Birla Sun Life, and Motilal Oswal Digital India Fund, among others.
The public offering, which will open on October 31st and close on November 4, will comprise a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders.
The company’s IPO price band has been set in the range of Rs 382 to Rs 402 per share. It plans to use the proceeds to set up new company-operated stores, invest in technology and cloud infrastructure, brand marketing, potential inorganic acquisitions, and general corporate purposes.
Lenskart, which sells eyeglasses, contact lenses, and sunglasses, operates around 2,137 stores in India and 669 stores internationally. The company reported a revenue of Rs 6,652 crore in FY25 operating revenue and also reported profitability during this period.
The company has appointed Kotak Investment Banking, Morgan Stanley, Avendus, Citi, Axis Capital, and Intensive Fiscal as its book-running lead managers.
Edited by Jyoti Narayan