Lenskart IPO: Strong response from anchor investors, bids worth Rs 68,000 crore received - sources

News Topical, Digital Desk : Lenskart's IPO has generated tremendous enthusiasm among major investors. Sources indicate that the company's anchor book has received bids worth approximately ₹68,000 crore. This bid size represents approximately 10 times the full issue size and nearly 20 times the anchor book size.

Many big investors in line

According to sources, the share of foreign investors (FIIs) in the anchor book bidding was around 52%. Big foreign names like BlackRock, GIC, Fidelity, Nomura and Capital International have bid in it. Among the domestic investors, major mutual fund companies like SBI Mutual Fund, ICICI Prudential, HDFC, Kotak and Birla Sun Life have also bid for the shares before the public offering. It is being told that more than 70 investors have shown interest in this anchor book, and its formal announcement can be made by tonight (30 October). Issue will open on Friday The Rs 7,278.02 crore IPO of SoftBank-backed Lenskart will open on 31 October (Friday) and will close on 4 November. The company has fixed the price band for the issue at Rs 382 to Rs 402 per share. 10% portion is reserved for retail investors. One lot will consist of 37 shares, meaning the minimum investment will be ₹14,874. Lenskart aims to achieve a valuation of approximately ₹69,500 crore through this issue. 

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