Lenskart block deal: Stock gains 2% after over ₹5,300 crore trade; investor lock-in period ends

The stock was trading over 2% higher at ₹498.10 apiece on the NSE.

The proposed transaction initially involved the sale of up to 70.2 million shares worth nearly $350 million, but the deal size has now reportedly been increased to around $600 million (₹5,650 crore).

Citing sources, the report added that the transaction also includes an upsize option in case investor demand remains strong.

According to the report, investors including Birdseye View Holdings, TR Capital Mauritius, ABG Capital, and Kariba Holdings, are looking to sell their entire stake in the company. Another investor, Alpha Wave, is also participating in the deal but will remain subject to a 90-day lock-in period for any additional stake sale.

The floor price for the block deal is reportedly fixed at ₹470 per share, implying a discount of around 3.6% to Thursday’s closing price of ₹492. 4.

Besides, according to reports, the six-month lock-in for Lenskart ends today, with as many as 1,047.4 million shares becoming eligible to be traded. The number of shares that get freed up amounts to 60% of the company's outstanding equity.

Lenskart shares listing details

In November 2025, shares of eyewear retailer Lenskart Solutions made a weak market debut, listing with a discount of 3% against the issue price of ₹402.

The stock began trading at ₹390, down 2.98% from the issue price on the BSE. Later, it plunged 11.52% to ₹355.70, before rebounding to trade at ₹403.80 apiece, up 0.44%.

On the NSE, the shares listed at ₹395 apiece, a discount of 1.74%, and dropped 11.41% to ₹356.10 before recovering to trade at ₹404, up 0.5%.

The initial public offering (IPO) of eyewear retailer Lenskart Solutions Ltd received 28.26 times subscription on the final day of the share sale, led by institutional buyers.

The ₹7,278 crore IPO had a price band of ₹382-₹402 per share.

The IPO had a fresh issue of shares worth ₹2,150 crore and an Offer-for-Sale (OFS) of 12.75 crore equity shares by promoters and investors.

Lenskart proposed to use the proceeds from the IPO for strategic initiatives, including capital expenditure to set up new company-operated, company-owned (CoCo) stores in India, and payments under lease, rent, and licence agreements for these CoCo stores.