Ahead of Lenskart's October 31 IPO, SBI Mutual Fund has invested Rs 100 crore in a secondary transaction through its SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF).
Key Highlights
- SBI Mutual Fund invests ₹100 crore in Lenskart Solutions’ pre-IPO round, at a share price of ₹402 each.
- The investment values Lenskart at approximately US $7.7 billion, signalling strong domestic confidence ahead of its IPO.
On October 28, 2025, SBI Mutual Fund paid Rs 402 per share, or Rs 100 crore, to acquire 2,487,561 equity shares of Lenskart from co-founder Neha Bansal. On a fully diluted basis, the transaction amounts to a 0.15% stake in the business.
Prior to the company's RHP filing on October 25, Neha Bansal also sold 2.24 million (22.38 lakh) shares of Lenskart to Shrikanta R. Damani, the wife of DMart founder Radhakishan Damani, for Rs 402 per share, or Rs 90 crore.
Following the share transfer, Neha Bansal reduced her ownership of Lenskart to 7.46% by diluting it by 0.15%.
Also Read: Lenskart Gets Shareholder Approval to Raise Rs 2,150 Cr Through IPO
The Gurugram-based company intends to raise Rs 5,128 crore through an offer for sale (OFS) and Rs 2,150 crore through a new issue, according to its RHP. The OFS size has been updated to Rs 5,028 crore in light of the recent secondary transaction.
Promoters and early investors stand to gain significantly from Lenskart's IPO. While investors like Premji Invest, Schroders Capital, Temasek, SoftBank, and others are likely to receive returns on their investments ranging from 4x to nearly 17x, the promoters are anticipated to realize about Rs 1,000 crore.
