Alpha Wave Ventures may sell ₹1,313 crore Lenskart stake via block deal
Alpha Wave Ventures II is likely to sell up to 2.08 crore Lenskart shares, or about 1.2% of equity, at a ₹630 floor price. The proposed block deal comes after Lenskart reported Q1 FY27 revenue growth of 43% and a 270% rise in net profit.
What happened
Alpha Wave Ventures II is expected to sell its roughly 1.2% Lenskart stake through a block deal valued up to Rs 1,313 crore at a Rs 630 floor price. Lenskart
Key facts
- Alpha Wave Ventures II may sell up to 2.08 crore Lenskart shares
- Deal value up to Rs 1,313 crore
- Floor price Rs 630 per share
- Floor price is a 1.7% discount to prior closing price
- Stake represents about 1.2% of existing equity
- Q1 FY27 net profit Rs 222 crore, up 270% from Rs 60 crore
- Q1 FY27 revenue Rs 2,714 crore, up 43% from Rs 1,894 crore
- Q1 FY27 EBITDA Rs 588 crore, up 76% from Rs 335 crore
- EBITDA margin 21.7% versus 17.7%
- Q1 FY26 one-time loss Rs 10.4 crore
Why this matters
The potential ₹1,313 crore block deal signals continued secondary-market liquidity in Lenskart and may modestly reshape its shareholder base without changing the company’s operating trajectory.
What to watch
- Final block-deal placement price, subscription quality and closing price versus the ₹630 floor.
- Post-deal volume, delivery data and whether the stock holds above the block price over the following sessions.
- Any filings indicating further stakes available from Alpha Wave, other financial investors, founders or employees.
- Q2 revenue growth, comparable-store trends, online versus retail mix, gross margin and EBITDA margin.
- Store-opening pace and evidence that expansion is accretive rather than dilutive to cash generation.
- Accelerate investor outreach around same-store sales, gross margin, EBITDA trajectory and new-store payback to separate operating performance from shareholder selling.
- Use the larger effective public float to broaden domestic institutional and index-oriented shareholder engagement.
- Prepare clear disclosures on promoter holdings, lock-ins and potential future investor exits to reduce uncertainty around additional supply.
- Maintain growth investment discipline; elevated profit growth will raise scrutiny of whether marketing, store expansion and fulfillment costs can remain efficient.