SBI Mutual Fund Acquires ₹100 Crore Stake in Lenskart at US$7.7 Billion Valuation

SBI Mutual Fund has taken a strategic position in eyewear retailer Lenskart by purchasing a ₹100 crore stake, valuing the company at ₹67,762 crore as it approaches its highly anticipated IPO set for November 10, 2025.

SBI Mutual Fund’s Stake Purchase Ahead of Lenskart IPO

SBI Mutual Fund has acquired equity worth ₹100 crore in Lenskart, which is preparing for a public listing. The investment was made at ₹402 per share, translating to a valuation of ₹67,762 crore (US$7.7 billion). 

The stake was purchased from cofounder and promoter Neha Bansal, marking another major shareholder transaction within close proximity to Lenskart’s IPO launch.

Previous Transactions Signal Strong Investor Interest

Before SBI Mutual Fund’s purchase, Neha Bansal had sold ₹90 crore worth of shares to Dmart promoter Radhakishan Damani, also at a ₹402 per share price point. These pre-IPO transactions indicate active interest from institutional and marquee investors, affirming confidence in the company’s business model and growth prospects.

Valuation Ahead of IPO Launch

Lenskart is poised to go public on November 10, 2025. With the ongoing investments at a valuation of ₹67,762 crore, the company is expected to hit a post-money valuation of ₹70,000 crore (US$8 billion) through its IPO offering, as per the news reports. 

Read More:Lenskart Solutions Set to Launch ₹7,278 Crore IPO on October 31: What You Need to Know!

Conclusion

SBI Mutual Fund’s ₹100 crore investment in Lenskart highlights investor confidence ahead of the company’s IPO. With a strong pre-IPO valuation and notable share transactions, Lenskart’s market listing is expected to generate considerable attention on November 10,2025.

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