Lenskart expected to raise Rs 430 crore in pre-IPO placement from Dmart’s Damani, SBI MF: sources

October 19, 2025

, By The Economic Times

lenskart-completes-rs-430-crore-pre-ipo-placement-ahead-of-november-listing.jpg

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Eyewear retailer Lenskart is in talks to close a Rs 430 crore pre-IPO placement with investors such as rel=”dofollow” href=”https://economictimes.indiatimes.com/avenue-supermarts-ltd/stocks/companyid-45987.cms” target=”_blank”>DMart promoter Radhakishan Damani and SBI Mutual Fund, according to people in the know. The company plans to list on the bourses early November — in what will be among the biggest IPOs by an Indian new-age company.

ET had reported earlier that Lenskart is targeting a valuation of Rs 70,000-75,000 crore (around $9 billion) for its public issue.

The pre-IPO funding was carved out of the fresh issue component of its upcoming Rs 8,000 crore IPO.

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Lenskart expected to raise Rs 430 crore in pre-IPO placement from Dmart’s Damani, SBI MF: sources

October 19, 2025

, Published By The Economic Times

lenskart-completes-rs-430-crore-pre-ipo-placement-ahead-of-november-listing.jpg

Eyewear retailer Lenskart is in talks to close a Rs 430 crore pre-IPO placement with investors such as rel=”dofollow” href=”https://economictimes.indiatimes.com/avenue-supermarts-ltd/stocks/companyid-45987.cms” target=”_blank”>DMart promoter Radhakishan Damani and SBI Mutual Fund, according to people in the know. The company plans to list on the bourses early November — in what will be among the biggest IPOs by an Indian new-age company.

ET had reported earlier that Lenskart is targeting a valuation of Rs 70,000-75,000 crore (around $9 billion) for its public issue.

The pre-IPO funding was carved out of the fresh issue component of its upcoming Rs 8,000 crore IPO.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Apple unveils M5 chip, the next generation of Apple silicon

Next News

The Miyoo Mini Flip might be your next EDC gaming handheld

The Economic Times

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