Lenskart Shares Plunge 4% Amid Speculation of Block Deal Involving 4% Equity Stake

Lenskart Shares Plummet Amid Reports of Block Deal

Shares of Lenskart Solutions Ltd declined sharply on Thursday, May 7, amid reports that existing investors may offload their stake through block deals. The stock was trading at Rs 482.40 in late afternoon trade, down 4.14 percent for the day. This decline marks the fifth consecutive trading session of decline, with the stock now falling around 7 percent. However, it still remains approximately 21 percent above its listing price in November 2025.

The company's market capitalisation stood at around Rs 83,500 crore. According to CNBC Awaaz, citing unidentified sources, around 4 percent equity stake in Lenskart is likely to change hands through block deals. The report stated that the lock-in period for IPO anchor investors is ending tomorrow, potentially opening the door for stake sales by early investors.

The proposed transaction involves SoftBank-backed SVF II Lightbulb (Cayman) and Abu Dhabi Investment Authority-backed Platinum Jasmine Trust, which are likely to be the sellers. This development triggered selling pressure in the stock as investors assessed the potential impact of a large secondary share sale and the possibility of increased free float in the counter.

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Lenskart has been in focus since its stock market debut in November 2025, with strong investor interest in India's new-age technology and consumer platform companies. The IPO proceeds were earmarked for store expansion, technology upgrades, cloud infrastructure, marketing, and inorganic growth initiatives. The company has also reported strong operational growth in recent quarters, with a sharp rise in profitability and robust revenue growth in its October-December quarter results.

Note: Nuvama Alternative & Quantitative Research reported that shares worth around $55 billion across 83 recently listed companies are set to become eligible for trading between May and August 2026, with Lenskart among the prominent names facing upcoming lock-in expiries.