Lenskart's Block Deal Size Increased to Rs 5,650 Crore; Investors May Exit at Rs 470 per Share

Lenskart Investors to Sell Shares Worth Nearly Rs 5,650 Crore Through Block Deals

A group of existing investors in Lenskart are set to sell shares worth nearly Rs 5,650 crore through block deals on Friday. The transaction size has reportedly increased sharply from an earlier estimate of around Rs 3,293.6 crore, according to CNBC-TV18 citing unidentified sources.

The reported floor price for the deal has been fixed at Rs 470 per share, implying a discount of around 3.6 percent to Thursday's closing price of Rs 492.4. The report also said that the transaction carries an upsize option in case investor demand remains strong. The proposed sale is said to involve up to 7 crore shares.

Investors likely to participate in the block deal include Birdseye View Holding, TR Capital Mauritius, ABG Capital, and Kariba Holdings, all of whom are reportedly looking to exit their holdings completely. Another investor, Alpha Wave, is also expected to sell stake, though it will remain subject to a 90-day lock-in for any further share sale, the report said.

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The transaction comes as Lenskart's six-month shareholder lock-in period post IPO expires on Friday, making a substantial portion of the company's equity eligible for trading. According to Nuvama Alternative & Quantitative Research, around 1,047.4 million shares, or nearly 60 percent of Lenskart's outstanding equity, become eligible for trading after the lock-in expiry. At Thursday's closing price, those shares are valued at around Rs 51,573 crore.

Lenskart's shareholding pattern shows that Alpha Wave held nearly 7 percent stake in the company, while Birdseye View Holdings owned 1.92 percent. The holdings of some other reported sellers may be below the 1 percent public disclosure threshold.

Lenskart shares have seen pressure ahead of the likely transaction. The stock fell 2.2 percent on Thursday and has declined around 7 percent over the last five trading sessions. Despite the recent correction, the stock remains up around 22 percent from its IPO issue price of Rs 402 apiece after listing in November 2025.

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