Description
Board of Directors of Lenskart Solutions Limited has finalized allocation of 8,13,02,412 equity shares to anchor investors at Rs. 402 per share for its initial public offering.
Summary
Lenskart Solutions Limited has completed anchor investor allocation for its initial public offering (IPO) on October 30, 2025. The Board of Directors, in consultation with six Book Running Lead Managers (Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services), finalized the allocation of 8,13,02,412 equity shares at an anchor investor allocation price of Rs. 402 per equity share (face value Rs. 2 with share premium of Rs. 400).
Key Points
- Total equity shares allocated to anchor investors: 8,13,02,412 shares
- Anchor investor allocation price: Rs. 402 per equity share (face value Rs. 2, premium Rs. 400)
- Board approval date: October 30, 2025
- Major anchor investors include SBI Mutual Fund schemes, HDFC Mutual Fund schemes, ICICI Prudential Mutual Fund schemes, Government of Singapore, Monetary Authority of Singapore, T. Rowe Price funds, and BlackRock funds
- Six Book Running Lead Managers appointed for the offer
- Largest individual allocation: T. Rowe Price International Discovery Fund (25,31,762 shares, 3.11%)
- Significant participation from domestic mutual funds and international institutional investors
Regulatory Changes
No regulatory changes outlined in this circular. This is a standard disclosure regarding anchor investor allocation in accordance with IPO regulations.
Compliance Requirements
- Disclosure to BSE and NSE regarding anchor investor allocation
- Compliance with SEBI regulations for anchor investor allocation in public issues
- Notification to stock exchanges as per listing requirements
Important Dates
- October 30, 2025: Board meeting held and anchor investor allocation finalized
- October 30, 2025: Circular issued to BSE and NSE
Impact Assessment
Market Impact: High - The anchor investor allocation represents a significant milestone in Lenskart’s IPO process. Strong participation from reputed domestic mutual funds (SBI, HDFC, ICICI Prudential) and prominent international institutional investors (Government of Singapore, T. Rowe Price, BlackRock) indicates strong market confidence in the company.
Investor Impact: The anchor book subscription provides price discovery and demonstrates institutional interest, which typically influences retail investor sentiment positively. The allocation to quality anchor investors may provide stability to the stock post-listing.
Company Impact: Successful anchor allocation is critical for the company’s capital raising plans and validates the pricing of the IPO. The participation of sovereign wealth funds and global asset managers enhances the company’s credibility in capital markets.
Anchor Investor Details
Key anchor investors and their allocations include:
- SBI Mutual Fund: 6,21,896 shares (SBI Innovative Opportunities Fund)
- HDFC Mutual Fund: Multiple schemes totaling significant allocation including HDFC Large and Mid Cap Fund (15,54,703 shares)
- ICICI Prudential: Multiple schemes including Bharat Consumption Fund, Equity & Debt Fund, and Multicap Fund
- Government of Singapore: 24,14,361 shares (2.97%)
- Monetary Authority of Singapore: 6,95,082 shares (0.85%)
- T. Rowe Price: 25,31,762 shares through International Discovery Fund (largest single allocation at 3.11%)
- BlackRock: Multiple funds including Global Funds, India Fund, and Emerging Markets funds
- Fidelity: Multiple trusts and funds including Growth Company Fund, Blue Chip Growth Fund, and Contrafund
The diverse investor base spanning domestic mutual funds, sovereign entities, and global asset managers demonstrates broad-based institutional confidence in Lenskart’s business model and growth prospects.
Impact Justification
Major IPO allocation involving substantial capital raising by prominent eyewear company with significant anchor investor participation from institutional investors