Lenskart IPO: These Mutual Funds Have Subscribed And These Haven't

Lenskart Solutions Ltd. has raised Rs 3,268 crore from anchor investors on Thursday, ahead of its initial public offering. The company allotted 8.13 crore shares at Rs 402 apiece to 147 anchor investors. However, while 22 participated in the anchor allocation, seven refrained from doing it.

The IPO which has become a buzzword in the markets, has allotted shares to 21 mutual fund houses and asset management companies. They applied through 59 schemes and collectively netted 35.34% of the anchor portion.

New World Fund got the highest allocation of 3.82%. While T. Rowe Price International Discovery Fund got the second highest allotment of 3.11%, SBI Focused Fund got 3.06% stake in the company.

SBI, Kotak, ICICI Prudential, HDFC and Axis were among the major fund houses in this category.

While 22 mutual fund houses have acquired stake in Lenskart through anchor allocation, there are seven that did not participate. The mutual fund houses include Parag Parikh, Nippon India and Tata Mutual fud.

The IPO anchor book had received bids worth Rs 68,000 crore on Wednesday, which was one day ahead of the public issue's opening for subscription, according to sources.

This was nearly 10 times the issue size of about Rs 7,300 crore, and 20 times the anchor book size of nearly Rs 3,200 crore. The anchor book reflects a strong interest from foreign institutional investors, who account for 52% of the bids received.

BlackRock, GIC, Fidelity, Nomura and Capital International were the leading FIIs participating in the nearly Rs 3,200 crore anchor book.

Investors have taken to X their concerns about mutual funds subscribing to the IPO with its soaring valuations.