Lenskart IPO: These Mutual Funds Have Subscribed And These Haven't
Around 22 mutual fund houses and Asset management companies have been alloted shares in the IPO that has turned into a buzzword in the markets.
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.
Around 22 mutual fund houses and Asset management companies have been alloted shares in the IPO that has turned into a buzzword in the markets.
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.
Twenty-one domestic mutual funds have applied through 59 schemes, the eyewear firm said in an exchange filing on Thursday. They have collectively netted 35.34% of the anchor portion.
SBI, Kotak, ICICI Prudential, HDFC and Axis were among the major fund houses in this category.
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.
