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SBI Mutual Fund has invested Rs 100 crore in Lenskart ahead of its Rs 7,278-crore IPO opening October 31. The pre-IPO deal slightly reduces promoter Neha Bansal’s stake, adding to recent investments as the eyewear firm prepares for a November 10 market debut

The shares were picked at an average price of Rs 162 apiece on both bourses, taking the combined aggregate deal size to Rs 194.40 crore.