Alpha Wave offers full 1.2% Lenskart stake for ₹1,313 crore
Alpha Wave Ventures II has offered up to 20.8 million Lenskart shares at a ₹630 floor price, extending a run of investor exits following sales by SoftBank, Temasek and ADIA. Lenskart reported 273% year-on-year Q1 profit growth and 43.3% revenue growth.
What happened
Alpha Wave Global is offering its full 1.2% Lenskart stake for up to ₹1,313 crore, extending investor exits after SoftBank, Temasek and ADIA sales. The eyewear
Key facts
- Alpha Wave offered up to 20.8 million Lenskart shares, equal to 1.2% equity
- Offer value: ₹1,313 crore ($137 million)
- Floor price: ₹630 per share, 1.7% below ₹640.60 closing price
- Alpha Wave Ventures II is selling its entire Lenskart stake; Alpha Wave Ventures LP retains 3.4%
- Lenskart Q1 net profit rose 273% YoY to ₹228 crore
- Q1 revenue rose 43.3% to ₹2,714.18 crore
- International revenue rose 38% to ₹1,203 crore
Why this matters
The sale signals ongoing shareholder rotation rather than a strategic withdrawal from Lenskart, with Alpha Wave Ventures LP retaining 3.4% and multiple financial investors monetizing positions.