Lenskart shares slide as ₹3,294 crore block deal hits on lock-in expiry day

Shares of Lenskart Solutions Ltd came under pressure on Friday morning after a large block deal was executed at the open, coinciding with the expiry of the six-month IPO anchor investor lock-in period.

A block deal involving 7.2 crore shares was initiated, with the transaction estimated at ₹3,293.6 crore at a price of ₹470 per share. On the NSE block deal session, selling shareholders include Birdseye View, TR Capital and ABG Capital, who looked to exit the company. The block deal price of ₹470 represents a 3.6 per cent discount to the stock’s last close.

The stock opened at ₹487 on the NSE and touched an intraday low of ₹473.40, before recovering to trade around ₹496.25 — up 1.74 per cent as of 9.49 am. Traded volume had already surged to 335.87 lakh shares, with traded value crossing ₹1,617 crore by that time.

The block deal comes on a significant day for Lenskart’s shareholding structure. According to Nuvama Alternative & Quantitative Research, the six-month IPO lock-in for Lenskart ends today, with as many as 104.74 crore shares becoming eligible to be traded — amounting to 60 per cent of the company’s outstanding equity. Based on Thursday’s closing price, the value of shares freed up is worth ₹51,573 crore. However, the end of the lock-in does not mean all shares will be offloaded; they only become eligible for trading.

Shares of Lenskart Solutions ended 2.2 per cent lower on Thursday at ₹492.4, as markets had already begun pricing in the supply overhang. The stock’s 52-week high stands at ₹557.65, hit on April 15, 2026, while the 52-week low of ₹356.10 was recorded on its listing date, November 10, 2025.

Lenskart is India’s largest vertically integrated, technology-led, omnichannel eyewear platform and is listed on the NIFTY LARGEMIDCAP 250 index. The overall market cap stood at ₹86,230 crore as of Friday morning.