SBI Fund Management Unlisted Shares
SBI Mutual Fund invests Rs 100 crore in Lenskart at $7.7 billion valuation ahead of IPO
Money Control
2 min read
SBI Fund Management Strengthens Pre-IPO Portfolio with Rs 100 Crore Investment in Lenskart.
Expert Analysis:
Strategic Investment Move: SBI Mutual Fund has invested Rs 100 crore in Lenskart Solutions Limited ahead of its IPO, marking a strong pre-IPO entry at an implied valuation of $7.7 billion.
Transaction Details: The investment was made via SBI Optimal Equity Fund and SBI Emergent Fund, which jointly acquired 24.87 lakh shares from promoter Neha Bansal at Rs 402 per share, with a total transaction value of Rs 100 crore, as per company filings.
IPO Highlights: Lenskart plans to raise Rs 2,150 crore through a fresh issue and an OFS of up to 12.76 crore shares between October 30 and November 4.
Financial Performance: Lenskart reported a net profit of Rs 297 crore in FY25, reversing a Rs 10 crore loss in FY24, with revenues rising 23 percent year-on-year to Rs 6,652 crore. Q1 FY26 profit was Rs 61.2 crore on revenue of Rs 1,894.5 crore, with EBITDA climbing to Rs 336.6 crore from Rs 183.4 crore.
Investor Relevance: This pre-IPO entry positions SBI MF for potential listing gains and exposure to one of India’s fastest-growing consumer internet companies. The valuation jump from $6.1 billion to $7.7 billion reinforces strong investor sentiment.
SBI Fund Management’s Rs 100 crore investment in Lenskart enhances its pre-IPO portfolio with strong profit growth and valuation upside.
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