SoftBank Group & Kedaara Capital-backed Lenskart raises Rs XX crore from xx anchor investors, Rs 7,278-crore IPO to open on October 31
Lenskart, one of India’s leading eyewear retailers, has secured ₹3,268 crore from 147 anchor investors ahead of its ₹7,278 crore initial public offering (IPO) set to open on October 31. Backed by major global investors like SoftBank Group and the Abu Dhabi Investment Authority (ADIA), Lenskart’s IPO aims to strengthen its market position and support its expansion across India and overseas. The strong anchor investor participation reflects confidence in the company’s growth potential and business model. The IPO comprises both fresh issues and an offer-for-sale component. Lenskart plans to utilize the funds for scaling operations, enhancing technology, and expanding its omnichannel retail presence. With a growing customer base and focus on innovation, the company continues to dominate India’s eyewear sector and attract investor interest ahead of its highly anticipated market debut.
The Key points
- Lenskart raises ₹3,268 crore from 147 anchor investors.
- Total IPO size valued at ₹7,278 crore.
- IPO opens for public subscription on October 31.
- SoftBank Group and ADIA are key backers.
- Strong anchor response signals investor confidence.
- Funds to expand retail and digital operations.
- IPO includes fresh issue and offer-for-sale.
- Focus on innovation in eyewear technology.
- Aims to strengthen global and domestic presence.
- Lenskart continues rapid growth in India’s eyewear market.
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (www.moneycontrol.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
