Last Updated: October 18, 2025, 01:42 IST Ahead of the IPO of Lenskart, DMart’s Radhakishan Damani and SBI Mutual Fund are set to invest around Rs 200 crore. Both will buy shares worth about Rs 100 crore each. Lenskart IPO: There is strong interest from investors in the shares of eyewear retailer Lenskart Solutions Pvt. Ltd. (Lenskart). Ahead of the company’s IPO, billionaire investor DMart founder Radhakishan Damani and SBI Mutual Fund are preparing to jointly invest around Rs 200 crore. Both can buy shares worth around Rs 100 crore each. This investment will be done through secondary share purchase, that is, this money will not go directly to the company, but shares will be bought from the existing shareholders. Lenskart’s IPO has received approval from SEBI. The IPO includes a fresh issue of Rs 2,150 crore and around Rs 13.2 crore offer for sale. Why are major investors showing interest? The investment by Damani and SBI Mutual Fund is an indication that now the confidence of institutional and high net worth investors has also increased on Lenskart. This company is one of the few profitable Internet-based consumer companies in India, which is soon to be listed on the stock market. This is the second major investment by SBI Mutual Fund in a digital consumer company. Recently, he also invested in Urban Company. At the same time, the addition of Damani’s name is seen as a big sign of confidence for Lenskart. How much is Lenskart worth? Fidelity recently raised the valuation of Lenskart to $6.1 billion (about Rs 51,000 crore). This is 22 percent more than the $5 billion valuation of June 2024 last year. Financial performance last year was excellent for Lenskart. In the financial year 2024-25, the company earned a net profit of Rs 297 crore, while in the financial year 2023-24, it had a loss of Rs 10 crore. Revenue rose 23 percent to Rs 6,652 crore. The company’s gross margin also increased by about 500 basis points to 69 percent. What is the plan ahead? With the proceeds from the IPO, Lenskart will be able to open new stores, upgrade technology, increase spending on brand marketing and also make possible acquisitions. Currently, the company has more than 2,000 stores in India and around 650 outlets spread abroad. About the Author Vinay Kumar Jha has been working as a senior copy editor in News18Hindi for the last 8 years after starting his career in print media. Has been part of the business news team for almost 4 years. Has experience of about one and half decade in media. Bijan…read more After starting his career in print media, he has been working as a senior copy editor in News18Hindi for the last 8 years. Has been part of the business news team for almost 4 years. Has experience of about one and half decade in media. Bijan… Read more Click here to add News18 as your favorite news source on Google. Location: New Delhi, Delhi First Published: October 17, 2025, 11:53 PM IST home business Major deal ahead of Lenskart’s IPO, Damani and SBI to invest ₹ 200 crore
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