Lenskart IPO anchor book sees bids worth ₹68,000 crore from top FIIs and domestic investors: Sources

Eyewear retailer Lenskart Solutions Ltd’s anchor book has drawn strong investor interest, receiving bids worth nearly ₹68,000 crore — around ten times the total issue size and twenty times the anchor book size, sources told CNBC-TV18.

Foreign institutional investors (FIIs) accounted for 52% of the book, with participation from marquee names such as BlackRock, GIC, Fidelity, Nomura, and Capital International, sources said.

Among domestic participants, SBI Mutual Fund, ICICI Prudential, HDFC, Kotak,

and Birla Sun Life were among the leading mutual fund houses to bid for shares ahead of the public offering.

According to sources, the anchor book attracted interest from over 70 investors and is likely to be formalised later tonight (October 30).

The ₹7,278.02 crore initial public offering (IPO) of SoftBank-backed Lenskart will open for subscription on Friday, October 31, and close on November 4.

Also Read: Lenskart IPO opens for subscription on October 31: GMP, risk factors to watch

The company has set the price band between ₹382 and ₹402 per share, with 10% of the IPO reserved for retail investors. One lot will comprise 37 shares, translating into a minimum investment of ₹14,874.

Lenskart is seeking a valuation of about ₹69,500 crore through the issue.