ADIA offloads ₹1,960 Cr Lenskart stake post lock-in; stock holds 25% IPO premium
Abu Dhabi Investment Authority sold 4 Cr Lenskart shares at ₹490 apiece, with Kotak, Goldman and Morgan Stanley absorbing tranches. Stock trades 25% above the ₹402 IPO price, valuing the eyewear retailer at ₹87,345 Cr. Q4 FY26 revenue rose 46% YoY to ₹2,515.7 Cr.
What happened
ADIA sold ₹1,960 Cr of Lenskart shares post-IPO lock-in, with Kotak, Goldman, Morgan Stanley absorbing tranches. Lenskart stock up 25% from IPO. Manam Chocolate
Key facts
- ₹1,960 Cr stake sale
- 4 Cr shares at ₹490
- 25% gain over IPO price ₹402
- m-cap ₹87,345 Cr
- Q4 FY26 revenue ₹2,515.7 Cr (+46% YoY)
- Manam Series A ₹86 Cr
Why this matters
Kotak, Goldman and Morgan Stanley absorbing the 4 Cr-share block at an ₹87,345 Cr valuation signals deep institutional appetite for scaled Indian consumer retail—a useful comp for eyewear and omnichannel M&A pricing.
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