The fund house posted on social media platform X that, Usually, we do not comment on individual stocks that may or may not be part of our portfolios. However, given the questions and concerns on social media over the last 24 hours, we felt it is important to share clarity with our investors.”
Update
Usually, we do not comment on individual stocks that may or may not be part of our portfolios. However, given the questions and concerns on social media over the last 24 hours, we felt it is important to share clarity with our investors.
We have always been selective in…
— DSP Mutual Fund (@dspmf) October 31, 2025
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In its post, DSP Mutual Fund said that the fund house has been selective in participating in IPOs and that discipline will remain unchanged. The fund house also mentioned that it only invests if it has conviction across four dimensions.
The four dimensions include – strong and scalable business, trustworthy promoters, demonstrated execution, and lastly valuations.
“It is rare to find all four perfectly aligned at the same time. In the case of Lenskart, we like the first three very much,” the fund house further explained on the Lenskart IPO.On the valuation front of the Lenskart IPO, the fund house believes that businesses associated with retail, e-commerce are trading expensive, including this specific business.According to the fund house, it does not take cash calls in most of its schemes and in this specific case, the fund house has trimmed a slower-growing, similarly-expensive position to make room for this investment.
“When valuations are stretched, we size our positions responsibly. In short: there is nothing new in our approach while evaluating Lenskart,” the fund house said.
The fund house further informed that it will share more detailed thoughts in the annual letter.
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Lenskart IPO subscription
India’s largest eyewear retailer, Lenskart Solutions, launched its Rs 7,278 crore IPO for public subscription on Friday. In the afternoon, the issue was fully subscribed, with over 10 crore bids received against 9.97 crore shares on offer.
As of 5 pm on Day 1, the Lenskart IPO was subscribed 1.13 times, cumulative data on the NSE showed. Retail Individual Investors (RIIs) subscribed 1.31 times of the 1.80 crore shares allocated to them. Non-Institutional Investors (NIIs) subscribed 41% of the 2.71 crore shares on offer.
The IPO will remain open until November 4, with a price band of Rs 382–402 per share. It includes a fresh issue of Rs 2,150 crore and an offer for sale of Rs 5,128 crore by existing investors, including SoftBank, Kedaara Capital, and Temasek.