Alpha Wave offers Lenskart shares worth ₹1,313 crore in secondary sale
Alpha Wave Global has offered up to 20.8 million Lenskart shares, or 1.2% equity, at a ₹630 floor price. The ₹1,313 crore sale adds to post-listing investor exits, while Lenskart reported 273% YoY growth in June-quarter net profit and 43.3% revenue growth.
What happened
Alpha Wave Global is offering its entire 1.2% stake in Lenskart through one fund for up to ₹1,313 crore, continuing a wave of investor exits after the eyewear
Key facts
- Alpha Wave offered up to 20.8 million shares, representing 1.2% of Lenskart equity
- Stake sale value: ₹1,313 crore ($137 million)
- Floor price: ₹630 per share, 1.7% below ₹640.60 closing price
- Alpha Wave will retain a 3.4% stake through another fund
- Lenskart June-quarter net profit rose 273% YoY to ₹228 crore
- Revenue rose 43.3% to ₹2,714.18 crore
- International revenue increased 38% to ₹1,203 crore
Why this matters
The transaction reinforces Lenskart’s post-listing capacity to absorb institutional investor exits, strengthening its credibility for future strategic capital, partnerships, and acquisition activity.