SBI Mutual Fund Bets ₹100 Crore on Lenskart at $7.7 Billion Valuation Ahead of IPO Frenzy

In a strategic move ahead of Lenskart’s highly anticipated IPO, SBI Mutual Fund has acquired a stake worth ₹100 crore in the eyewear retailer. The transaction was executed through its Alternative Investment Funds—SBI Optimal Equity Fund and SBI Emergent Fund—at a share transfer price of ₹402 per share. This investment values Lenskart at approximately ₹70,000 crore, a significant jump from its previous valuation of around $5 billion in 2024The New Indian Express.

Lenskart’s IPO Momentum Builds

Lenskart is gearing up for its public listing on November 10, with an IPO expected to raise ₹7,278 crore. The offering will include a fresh issue of ₹2,150 crore and an offer-for-sale by existing shareholders. The recent stake sale by promoter Neha Bansal, who transferred 24.87 lakh shares to SBI Mutual Fund, has reduced her holding from 7.61% to 7.46%Moneycontrol. Notably, this transaction is not part of the IPO’s offer-for-sale component.

This deal follows a ₹90 crore investment by Radhakishan Damani, founder of Avenue Supermarts (DMart), further reinforcing investor confidence in Lenskart’s growth trajectory.

Why This Matters

The investment signals strong institutional interest in India’s new-age consumer brands. Lenskart’s omnichannel strategy, expanding global footprint, and tech-driven retail model have positioned it as a leader in the eyewear segment. The $7.7 billion valuation reflects optimism about its scalability and profitability in the post-IPO phase.

For retail investors and traders, this development offers a glimpse into the kind of high-growth companies attracting smart money ahead of listing. It also sets a precedent for other consumer-tech startups looking to tap public markets.

Strategic Insights for Traders

With Lenskart’s IPO around the corner and institutional interest heating up, traders should watch for:

  • Pre-IPO momentum in related consumer-tech stocks
  • Sentiment shifts in retail and discretionary sectors
  • Potential listing gains and valuation benchmarks

This is where expert guidance becomes essential. Eqwires, recognized as the Best SEBI Registered Eqwires Research Analyst in India, offers precision-driven insights into such high-impact market events. Whether you’re exploring stock options, seeking the best options trading strategies, or looking for best intraday tips, Eqwires delivers actionable intelligence tailored to your capital and risk profile.

Their reputation as the best option trades providers, best equity tips provider, and best stock market tips provider is backed by consistent performance and client-first service. For traders navigating IPO buzz, sector rotations, and institutional flows, Eqwires stands out as the best stock market company in India.

As Lenskart prepares to make its public debut, investors and traders alike should stay alert to the opportunities this landmark listing may unlock. With the right strategy and expert support, it could be a defining moment in your trading journey.

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Sensex Soars 369 Points, Nifty Breaks 26,050 Barrier Ahead of Fed Verdict — Power Grid & NTPC Lead the Charge

The Indian equity benchmarks ended Wednesday’s session in the green, buoyed by broad-based buying and global cues. The Sensex climbed 368.97 points (0.44%) to close at 84,997.13, while the Nifty 50 gained 117.70 points (0.45%) to settle at 26,053.90, marking a significant milestone as Nifty closed above 26,000 for the first time in 2025.

This rally comes ahead of the anticipated U.S. Federal Reserve rate decision, with investors hopeful for a dovish stance that could support global liquidity and risk assets. Additionally, renewed optimism around a potential U.S.-China trade truce added to the bullish sentiment.

Sectoral Highlights

  • Power Grid and NTPC surged over 3% each, leading the pack of gainers on the Sensex and Nifty.
  • Adani Ports, HCL Technologies, and Tata Steel also posted strong gains between 2% and 3%.
  • Sectoral indices like Oil & Gas, Metals, and Energy rose between 1.7% and 2.1%, reflecting strength in global commodity prices and demand outlook.
  • The BSE Midcap index added 0.7%, while the Smallcap index rose 0.6%, indicating healthy participation across market segments.

Broader Market Sentiment

The rally was supported by strong institutional flows and positive cues from Asian markets. Traders positioned themselves ahead of the Fed outcome, expecting a rate cut or at least a pause in tightening, which could further fuel equity momentum.

Despite auto stocks lagging slightly, the overall market breadth remained positive. Media and metal stocks also saw notable buying interest, reinforcing the bullish tone across sectors.

What Traders Should Watch Next

With the Fed decision due later tonight, volatility may spike in the next session. Traders should monitor:

  • U.S. interest rate commentary
  • Global bond yields
  • Crude oil price movements
  • Domestic earnings season updates

Expert Guidance Matters

In such dynamic market conditions, timing and strategy are everything. For traders seeking consistent performance and risk-managed trades, partnering with a trusted advisory firm is crucial. That’s where Eqwires stands out as the Best SEBI Registered Eqwires Research Analyst in India.

Whether you’re looking for best option trades providers, stock options insights, best options trading strategies, or high-conviction equity tips, Eqwires delivers precision-driven recommendations tailored to your capital and risk profile. Their reputation as the best intraday tips provider, best stock market tips provider, and best stock market company in India is built on a foundation of transparency, performance, and client-first service.

As markets continue to evolve, staying informed and guided by experts like Eqwires can make all the difference between reactive trading and strategic success.

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