Before going public, omni-channel eyewear retailer Lenskart Solutions Limited raised Rs 3,268.36 crore from 147 anchor investors. 8.13 crore equity shares at the top of the price range of Rs 402 per share were distributed by the Premji Invest-backed company.

Key Highlights

• Lenskart Solutions raised ₹3,268 crore from 147 anchor investors, allocating 8.13 crore shares at ₹402 each. 
• The anchor round precedes its IPO—with a price band of ₹382–₹402 per share and expected proceeds of about ₹7,278 crore—reflecting strong institutional interest. 

With a price range of Rs 382–402 per equity share (face value of Rs 2 each), the IPO begins on October 31 and ends on November 4. Bids for a minimum of 37 equity shares with a minimum investment of Rs 14,874 may be made in multiples after that, according to disclosure.

Through 59 schemes, 2.87 crore shares (35.34%) of the total allocation to anchor investors were distributed to 21 domestic mutual funds.

Leading insurers SBI Life, HDFC Life, and ICICI Prudential Life participated in the anchor book, as did domestic mutual funds like SBI, HDFC, ICICI Prudential, Kotak, Axis, and Aditya Birla Sun Life.

The anchor round also included international investors such as GIC, MAS, GPFG, Fidelity, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington.

Through a secondary deal through its SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF), SBI Mutual Fund invested Rs 100 crore in Lenskart on Wednesday, purchasing shares from co-founder Neha Bansal at a price of Rs 402 each for a 0.15% fully diluted stake.

Also Read: Lenskart Solutions Announces Upcoming IPO Launch

For its founders alone, the Lenskart IPO is anticipated to bring in about Rs 1,100 crore (roughly $125 million) in exit proceeds. With companies like Premji Invest and Schroders Capital expected to record the highest multiples, early-stage investors are expected to receive returns of up to 17 times on their investments.