Lenskart raises ₹3,268 crore from anchor investors ahead of IPO

Eyewear retailer lenskart Solutions Ltd announced on Friday that it has raised ₹3,268.36 crore from 147 anchor investors ahead of its upcoming IPO, as per a stock exchange filing.

The company has allotted 8,13,02,412 equity shares at the upper end of its price band, ₹402 per share.

Prominent global investors such as the Government of Singapore, T Rowe Price, Goldman Sachs, Steadview Capital, and JPMorgan were among those allocated shares.

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As per the filing, 2,87,33,849 equity shares — about 35.34% of the total allocation — were allotted to 21 domestic mutual funds through 59 schemes. These include SBI, HDFC Mutual Fund, Kotak Midcap Fund, Aditya Birla Sun Life, and Motilal Oswal Digital India Fund, among others.

The IPO will open on October 31 and close on November 4. It includes a fresh issue of shares worth up to ₹2,150 crore and an offer for sale of up to 127.5 million shares by existing shareholders.

The IPO price band has been set between ₹382 and ₹402 per share. Lenskart plans to use the funds to open new company-operated stores, invest in technology and cloud infrastructure, strengthen brand marketing, pursue potential acquisitions, and meet general corporate needs.

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Lenskart, which sells eyeglasses, contact lenses, and sunglasses, operates about 2,137 stores in India and 669 internationally. The company reported ₹6,652 crore in operating revenue for FY25 and was profitable during the year.

Kotak Investment Banking, Morgan Stanley, Avendus, Citi, Axis Capital, and Intensive Fiscal have been appointed as the book-running lead managers for the IPO.

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