Lenskart shares fall 2 percent after Rs 5,316-crore block deal; over 6% equity changes hands

Shares of Lenskart fell over 2 percent on Friday morning after a large block deal involving more than 6 percent equity in the eyewear retailer was executed through the exchange window. Lenskart Solutions Ltd stock was trading at Rs 477 in early morning trade, down 2.1 percent for the day.

As many as 11.22 crore shares, representing 6.46 percent equity stake in the company, changed hands in block deals worth around Rs 5,315.6 crore. The transaction was executed at Rs 473.4 per share, implying a 3.9 percent discount to Thursday’s closing price of Rs 492.4.

The block deal follows reports that several existing investors were looking to pare holdings after the expiry of Lenskart’s six-month shareholder lock-in period.

According to earlier CNBC-TV18 reports citing unidentified sources, investors including Birdseye View Holding, TR Capital Mauritius, ABG Capital and Kariba Holdings were planning stake sales through a clean-out trade. Another investor, Alpha Wave, was also expected to participate in the transaction while remaining subject to a 90-day lock-in for any further sale.

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The transaction comes after Lenskart’s lock-in expiry made 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 the company’s outstanding equity, became eligible for trading from Friday.

Based on Lenskart’s March-quarter shareholding pattern, 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 transaction, falling around 7 percent over the previous five trading sessions before Friday’s trade. Despite the recent decline, the stock still remains above its IPO issue price of Rs 402 per share following its November 2025 listing.