Consumer Products
|
Updated on 30 Oct 2025, 06:27 pm
Reviewed By
Aditi Singh | Whalesbook News Team
▶
Omnichannel eyewear giant LensKart has secured INR 3,268.4 crore from anchor investors as it prepares for its public offering starting October 31. The company finalized the allocation of 8,13,02,412 equity shares to 147 anchor investors at a price of INR 402 per share, which is the highest end of the IPO price band. Prominent investors participating include Goldman Sachs, JP Morgan, BlackRock, SBI, Government of Singapore, Steadview Capital, and New York State Teachers Retirement System. Domestic mutual funds were allocated 35.3% of the total shares, amounting to 2.87 crore shares through 59 schemes. This strong anchor investor interest indicates robust demand for LensKart's upcoming Initial Public Offering (IPO).
Impact: This development is a positive indicator for LensKart's IPO, potentially boosting investor confidence and setting a strong tone for the public issue. It may also lead to increased interest in related consumer discretionary stocks. Rating: 7/10
Difficult Terms: Public Issue: The process where a private company offers its shares to the general public for the first time to raise capital. This is also known as an Initial Public Offering (IPO). Anchor Investors: Large institutional investors who commit to buying a significant portion of shares in an IPO before it opens to the general public. They provide stability and credibility to the issue. Equity Shares: The most common type of stock that represents ownership in a company and carries voting rights. Share Premium: The amount paid by investors over and above the nominal value (face value) of a share. For instance, if a share's face value is INR 2 and it's sold at INR 402, the share premium is INR 400.
Auto
Suzuki and Honda aren’t sure India is ready for small EVs. Here’s why.
Brokerage Reports
Stocks to buy: Raja Venkatraman's top picks for 4 November
Mutual Funds
Quantum Mutual Fund stages a comeback with a new CEO and revamped strategies; eyes sustainable growth
Tech
Why Pine Labs’ head believes Ebitda is a better measure of the company’s value
Banking/Finance
SEBI is forcing a nifty bank shake-up: Are PNB and BoB the new ‘must-owns’?
Industrial Goods/Services
India’s Warren Buffett just made 2 rare moves: What he’s buying (and selling)
Renewables
Brookfield lines up $12 bn for green energy in Andhra as it eyes $100 bn India expansion by 2030
Startups/VC
a16z pauses its famed TxO Fund for underserved founders, lays off staff