After Lock-In Expiry, Investors Sell Lenskart Shares Worth At Least ₹3,861 Cr
Superadmin
As Lenskart’s six month IPO lock-in period expired yesterday, existing backers sold the eyewear giant’s shares worth at least ₹3,861.1 Cr in multiple block deals.
As per NSE data, investors sold at least 8.15 Cr shares at 473.4 apiece to rake in the amount. While Alpha Wave Ventures sold 3.72 Cr shares, BirdsEye Holdings and TR Capital offloaded at least 1.67 Cr and 80.3 Lakh shares, respectively.
The shares that flooded the market were lapped up by Citigroup, BlackRock, BofA Securities, Canara Robeco Mutual Fund, Fidelity, ICICI Prudential, HDFC Mutual Fund, Goldman Sachs, among others.
The block deals were executed at a discount of 3.7% to the stock’s closing price of ₹492 on the BSE on Thursday. Following the expiry of the lock-in period, 104.7 Cr Lenskart shares reportedly became eligible to trade.
After yesterday’s fall, the stock price of Lenskart saw heavy movement. However, the stock finally closed the day 0.31% higher at ₹489.5 on the BSE.
This comes six months after the omnichannel eyewear retailer made a muted debut on the bourses in November 2025, listing 3% below the issue price at ₹390 apiece on the BSE. On the NSE, it listed at ₹395 per share, marking a discount of 1.74% to the issue price of ₹402.
Lenskart’s public issue comprised a fresh issue of shares worth ₹2,150 Cr and an OFS component of 12.76 Cr shares. Its ₹7,278 Cr IPO had closed with an oversubscription of 28.26X, received bids for 281.88 Cr shares against 9.97 Cr shares on offer.
Since listing, the stock has surged nearly 22% from its issue price to touch a high of ₹559.80 on the BSE.
Founded in 2010 by Peyush Bansal, Amit Chaudhury, and Sumeet Kapahi, Lenskart is an omnichannel eyewear retailer serving customers in India, the UAE, Singapore, and Japan. The company claims to have 3,144 stores and a customer base of 2 Cr.
On the financial front, the startup reported a consolidated profit after tax (PAT) of ₹132.7 Cr in Q3 FY26, up over 70X surge from ₹1.9 Cr PAT reported in the year-ago period. Meanwhile, operating revenue zoomed 38% YoY and 10% QoQ to ₹2,307.7 Cr.
The post After Lock-In Expiry, Investors Sell Lenskart Shares Worth At Least ₹3,861 Cr appeared first on Inc42 Media.
