The strong anchor participation underscores robust investor confidence in India’s largest omni-channel eyewear brand, which is now making its debut on the public markets. Of the total allocation, 2.87 crore shares (35.34%) were taken up by 21 domestic mutual funds across 59 schemes, reflecting wide participation from India’s top institutional investors.
Among the domestic anchors, participation came from leading fund houses such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset, DSP Mutual Fund, Franklin India, HSBC Mutual Fund, WhiteOak Capital, Edelweiss, Bandhan, and Canara Robeco.
Large domestic insurance companies also joined the anchor book, including SBI Life, HDFC Life, ICICI Prudential Life, Bajaj Allianz Life, Kotak Mahindra Life, Axis Max Life, Reliance Nippon Life, and Tata AIA Life Insurance.
Strong global response from long-only funds
Lenskart also attracted significant foreign investor participation, including some of the world’s largest sovereign and institutional funds. The Government of Singapore, Monetary Authority of Singapore, and Government Pension Fund Global (Norway) were among the key sovereign participants.
The anchor list also featured top-tier global asset managers such as New World Fund Inc, Fidelity, T Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington Management Company LLP, underscoring global appetite for India’s growing consumer-tech space.
Lenskart IPO details
The Rs 7,278-crore IPO comprises a fresh issue of Rs 2,150 crore and an offer for sale (OFS) of Rs 5,128 crore by existing shareholders, including Peak XV Partners, Tiger Global, Kedaara Capital, and Temasek. The issue’s price band is fixed at Rs 382–402 per share, and investors can bid for a minimum of 37 equity shares and in multiples thereafter.At the upper end of the price band, Lenskart is valued at a market capitalization of around Rs 69,700 crore, making it one of the most valuable consumer-tech IPOs in recent years. The company plans to use the fresh proceeds for store expansion, technology investments, marketing, and brand-building.