SoftBank books 7x return on Lenskart, exits Rs 2,873 cr stake pre-IPO

SoftBank sold 3.25% in Lenskart via block deal at Rs 508.55/share, harvesting Rs 2,873 crore against $250-280 million invested. Goldman Sachs, Fidelity, Quant MF and WhiteOak picked up the paper. Residual 9.88% stake still worth ~$940 million ahead of the eyewear retailer's IPO.

— Source publishedFri, 5 Jun, 2026, 09:21 IST·First seen Fri, 5 Jun, 2026, 10:43 IST·Source ET Retail

What happened

SoftBank sold 3.25% in Lenskart via block deal for Rs 2,873 crore at Rs 508.55/share, clocking 7x returns. Stake drops to 9.88%; buyers include Goldman Sachs,

Key facts

  • Rs 2,873 crore
  • 5.65 crore shares
  • 3.25% stake
  • Rs 508.55/share
  • 9.88% residual stake
  • 7x return
  • $940 million remaining stake value
  • $250-280 million invested

Why this matters

With SoftBank trimming to 9.88% (~$940M residual), Lenskart's float is broadening to long-only institutions—corp dev should track follow-on secondaries as a read on IPO timing and acquisition currency strength.