Lenskart early backers offload ₹3,861 Cr post lock-in; BlackRock, Fidelity, ICICI Pru step in
Alpha Wave, BirdsEye and TR Capital sold 8.15 Cr Lenskart shares at ₹473.4 apiece — a 3.7% discount — in block deals after the six-month IPO lock-in expired on 104.7 Cr shares. BlackRock, Citigroup, Fidelity, HDFC MF and ICICI Pru absorbed the supply, signalling institutional rotation rather than exit pressure on the 3,144-store eyewear major.
Post six-month IPO lock-in expiry, Lenskart investors including Alpha Wave, BirdsEye and TR Capital sold 8.15 Cr shares worth ₹3,861 Cr at a 3.7% discount, picked up by BlackRock, Citigroup, Fidelity and Indian mutual funds.