Lenskart's IPO isn't just a listing—it's a case study in how anchor money can hype a deal and cloud retail judgment. Mutual funds have poured in, totaling about ₹1.1k crore across 21 funds and 59 schemes [1].
Anchor money and big-name backers — The anchor roster reads like a money map: BlackRock, Goldman Sachs, Govt Pension Fund Global, Government of Singapore, and Monetary Authority of Singapore are named as big supporters [1]. In a separate wave, SBI Mutual Fund and peers like ICICI Prudential, HDFC, and Birla Sun Life bid around 68,000 CR [2].
Pre-IPO commitments — SBI Mutual Fund has already put ₹100 crore into the pre-IPO round [3].
Skepticism on the frenzy — Sandeep Tandon of Quant MF calls the frenzy “stupidity” driving India's IPO mania [4]. Some posts urge investors to avoid the IPO, arguing the valuation is 10-15x earnings and retail could end up as exit liquidity [5].
Bottom line: institutional money is fueling subscription hype, while retail investors wrestle with valuation doubts and exit-risk as Lenskart eyes the listing milestone.
References
₹1.1k cr worth of Lenskart equity bought by mutual funds. Total 21 Mutual funds for their 59 schemes.
Mutual funds allocate to Lenskart IPO; anchor investor names; debate on fund strategy, IPO valuations, and passive vs active picks.
View sourceLenskart get bids by SBI MUTUAL FUND, ICICI PRUDENTIAL,HDFC, BIRLA SUNLIFE for 68,000 CR
Mutual funds SBI, ICICI Prudential, HDFC, Birla bid for Lenskart; 68,000 crore deal size; insider news link today online post.
View sourceMutual Fund pouring money in Lenskart
Mutual funds plan sizable pre-IPO investments in Lenskart; retail fear of overvaluation and exit liquidity; debate on MF motives
View sourceLenskart Valuation: Quant MF's Sandeep Tandon Says 'Stupidity' Is Driving India's IPO Frenzy
Discusses India's IPO frenzy, Lenskart valuation; quotes Sandeep Tandon on 'stupidity'; notes liquidity, regulation concerns, market participants, opinions, competition globally.
View sourceDO NOT apply for Lenskart IPO
Discusses Lenskart IPO valuation, moat, and exit dynamics; warns retail investors; cites SEBI role and other IPO examples.
View source