Stake sale · Commerce & Consumer Brands

Lenskart investors sell shares worth ₹3,861 crore after lock-in expiry

What they do

Lenskart operates a large omnichannel eyewear retail business with thousands of stores across India and international markets

Existing backers including Alpha Wave Ventures, BirdsEye Holdings, and TR Capital sold shares worth at least ₹3,861 crore in block deals

The share sales followed the expiry of the six-month IPO lock-in period, which freed up over 104 crore shares for trade

Existing investors of Lenskart offloaded shares worth at least ₹3,861 crore through multiple block deals following the expiry of its six-month IPO lock-in period.
The block deals involved the sale of at least 8.15 crore shares executed at around ₹473.4 per share, representing a discount to the previous closing price.
Prominent sellers in the transactions included Alpha Wave Ventures, BirdsEye Holdings, and TR Capital.
The shares offered by exiting investors were acquired by institutional buyers such as Citigroup, BlackRock, BofA Securities, and major mutual funds.
Over 104.7 crore shares became eligible for public trading with the conclusion of the mandatory lock-in period for early backers and anchor investors.

The substantial share release and subsequent block trades sparked heavier trading volumes and temporary downward pressure on the newly listed stock.
The event marked a major milestone for the eyewear retailer following its stock market debut in November 2025.

Lenskart designs, manufactures, and retails prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories through physical stores and digital channels.
The company operates a vertically integrated model featuring in-house manufacturing facilities and a centralized supply chain network.
It serves customers across India, the UAE, Singapore, and Japan, maintaining thousands of retail outlets and a large active customer base.
Revenue is generated through direct-to-consumer sales via its mobile applications, website, and expansive physical store footprint.

The company is scheduled to release its financial results for the fourth quarter of fiscal year 2026 on May 20, 2026.

Alpha Wave Ventures (seller) — Early institutional investor in technology and consumer startups.
BirdsEye Holdings (seller) — Private investment firm.
TR Capital (seller) — Private equity firm focused on secondary transactions.