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IPO-Bound Lenskart Nets INR 3,268 Cr From Anchor Investors

[[{“value”:”Lenskart INR 70,000 Cr IPO: Bold Bet Or Overvalued Spectacle

Ahead of the commencement of the bidding for its public issue on October 31, omnichannel eyewear giant Lenskart today raised INR 3,268.4 Cr from anchor investors.

The company allocated 8.13 Cr equity shares to 147 anchor investors, including Goldman Sachs, JP Morgan, BlackRock, SBI, Government of Singapore, Steadview Capital, New York State Teachers Retirement System, among others.

The company allotted the shares at INR 402 each, which is the upper end of the IPO price band. 

Of the 8.13 Cr shares, 2.87 Cr shares (or 35.3% of the total allocation) were allocated to 21 domestic mutual funds through a total of 59 schemes.

“The board of directors of the company… has finalised allocation of 8,13,02,412 equity shares, to anchor investors at anchor investor allocation price of INR 402 per equity share (including share premium of INR 400 per equity share)…” Lenskart said in a filing with the BSE. 

(This story will be updated soon)

The post IPO-Bound Lenskart Nets INR 3,268 Cr From Anchor Investors appeared first on Inc42 Media.

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