Omni-channel eyewear retailer Lenskart Solutions Limited has raised ₹3,268.36 crore from 147 anchor investors ahead of its initial public offering (IPO). The Premji Invest-backed eyewear giant allotted 8.13 crore equity shares at the upper end of the price band, ₹402 per share.
The IPO will open on October 31 and close on November 4, with a price band of ₹382–₹402 per equity share (face value ₹2 each). Retail investors can bid for a minimum of 37 equity shares, requiring a minimum investment of ₹14,874, and in multiples thereafter.
Strong Domestic and Global Investor Response
Out of the total anchor allocation, 2.87 crore shares (35.34%) were allotted to 21 domestic mutual funds through 59 schemes, signaling robust institutional confidence.
Domestic participants included SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life, along with major insurance firms such as SBI Life, HDFC Life, and ICICI Prudential Life.
The anchor book also drew significant interest from global investors including GIC, MAS, GPFG, Fidelity, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington.
Notably, SBI Mutual Fund invested ₹100 crore in Lenskart via a secondary deal, acquiring shares from co-founder Neha Bansal at ₹402 per share for a 0.15% fully diluted stake, through its SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF).
High Exit Multiples for Early Investors
Lenskart’s IPO is expected to generate around ₹1,100 crore ($125 million) in exit proceeds for its founders alone. Early investors are projected to achieve returns of up to 17x, with Premji Invest and Schroders Capital likely to record the highest multiples.
The company’s strong anchor investor participation, robust financial growth, and omni-channel presence have positioned Lenskart as one of India’s most anticipated IPOs in 2025.
Founded by Peyush Bansal, Lenskart operates across online and offline channels, offering prescription eyewear, sunglasses, and contact lenses through its proprietary e-commerce platform and over 2,000 retail stores in India and overseas.
