DSP Asset Managers Defends Lenskart IPO Investment in Rare Move

DSP Asset Managers Pvt. Ltd. has publicly addressed concerns surrounding its investment in Lenskart Solutions Ltd.'s initial public offering, a rare move for an Indian asset manager. This statement follows a recent social media discussion regarding the eyewear company's valuation. In its explanation, DSP emphasized its rationale for investing, citing confidence in Lenskart's founders and the "strong and scalable" nature of its business model. While optimistic about the company's long-term prospects, DSP acknowledged that the IPO valuation was considered "expensive." This public communication underscores the firm's conviction in its investment decision despite prevailing market skepticism.