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.
What happened
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,
Key facts
- ₹3,861.1 Cr block deal value
- 8.15 Cr shares sold
- ₹473.4 per share
- 3.7% discount
- 104.7 Cr shares unlocked
- ₹7,278 Cr IPO
- 28.26X oversubscribed
- 3,144 stores
- 2 Cr customers
- Q3 FY26 PAT ₹132.7 Cr
- revenue ₹2,307.7 Cr, +38% YoY
Why this matters
Lenskart's clean absorption of 8.15 Cr shares by marquee institutions reprices the eyewear category's strategic scarcity and raises the bar for any competing retail platform seeking public-market validation.