Lenskart has already raised ₹3,268 crore from marquee anchor investors, including SBI MF, HDFC MF, Goldman Sachs, and the Government of Singapore. | Photo Credit: FRANCIS MASCARENHAS/Reuters
The issue comprises a fresh issue of ₹2,150 crore, with the remainder an offer-for-sale of 12.75 crore equity shares. Under the OFS, promoters—Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi—along with investors SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, will offload shares.
Up to 75 per cent of the IPO is reserved for qualified institutional buyers (QIBs), no more than 10 per cent for retail investors, and approximately 15 per cent for non-institutional investors (NIIs).
As part of IPO, th company raised ₹3,268 crore from anchor investors on Thursday by allotting 8.13 crore shares with a face value of ₹2 a share to anchor investors at ₹402 apiece, Among the investors in the anchor book included domestic mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life, Government Pension Fund Global, Steadview Capital, Goldman Sachs, JPMorgan and HSBC.
The anchor book saw across-the-board participation from domestic institutions to insurance companies to foreign funds. Insurance companies such as SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, Axis Max Life, Reliance Nippon Life Insurance, and Tata AIA Life Insurance received allotment. Similarly, marquee global investors included sovereign and long-only foreign institutional investors (FIIs) such as the Government of Singapore, the Monetary Authority of Singapore, Government Pension Fund Global (Norway), New World Fund Inc, Fidelity, T Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan, and Wellington Management Company LLP, among others.
Lenskart plans to use the IPO proceeds for various strategic initiatives, including capital expenditure to establish new company-operated, company-owned (CoCo) stores in India; payments for leases, rents, and license agreements related to these CoCo stores; investments in technology and cloud infrastructure; brand marketing and business promotion to boost awareness; potential unidentified inorganic acquisitions; and general corporate purposes.
Pre-IPO investors
Earlier, SBI Mutual Fund had invested Rs 100 crore in an eyewear retailer at an enterprise valuation of around $7.7 billion (approximately Rs 70,000 crore), marking one of the largest pre-IPO investments by a domestic institutional investor in a new-age consumer company. The transaction was executed through SBI Mutual Fund’s Alternative Investment Funds — SBI Optimal Equity Fund and SBI Emergent Fund — at a share transfer price of Rs 402 per share, according to regulatory filings.
Founded in 2008, Lenskart launched as an online eyewear platform in 2010 and opened its first physical store in New Delhi in 2013. Over the years, it has grown into one of India’s leading consumer eyewear brands.
The company operates across metro, Tier-1, and Tier-2 cities in India, with international presence in Southeast Asia and the Middle East.
Published on October 31, 2025
