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
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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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