By BullScreen Editorial Team 
Shares of Lenskart gained more than 2% on Friday after a massive block deal worth over ₹5,300 crore took place in the morning trade, drawing strong market attention as the company’s investor lock-in period also came to an end.
The stock climbed to ₹498.10 on the NSE after nearly 11.22 crore shares, representing 6.46% equity in the company, changed hands at ₹473.4 per share. The total transaction value stood at around ₹5,315.6 crore, making it one of the largest recent block deals in the consumer-tech space.
Reports indicated that several existing investors were looking to fully exit their holdings through the transaction. Investors such as Birdseye View Holdings, TR Capital Mauritius, ABG Capital, and Kariba Holdings are reportedly selling their complete stakes. Alpha Wave is also participating in the deal, although its remaining holdings will continue to be under a 90-day lock-in period.
The transaction was reportedly executed at a floor price of ₹470 per share, nearly 3.6% lower than Thursday’s closing price of ₹492.4. Market sources also suggested that the original deal size of nearly $350 million was later expanded to around $600 million, or nearly ₹5,650 crore, due to strong investor interest. The deal reportedly included an upsize option as demand remained healthy.
Investor sentiment around the stock remained positive despite the large-scale stake sale. Analysts believe the successful execution of such a large transaction reflects continued institutional interest in India’s growing direct-to-consumer and technology-driven retail sector.
Friday’s trade also coincided with the expiry of Lenskart’s six-month post-listing lock-in period. Around 1,047.4 million shares, accounting for nearly 60% of the company’s outstanding equity, became eligible for trading after the restriction ended.
Lenskart had made a weak stock market debut in November 2025, listing below its IPO price of ₹402 per share. Despite early volatility after listing, the company has continued to remain in focus due to its aggressive retail expansion, technology-led eyewear business model, and strong institutional backing.
The company’s ₹7,278 crore IPO was subscribed 28.26 times, largely driven by institutional investors. Lenskart had earlier said it would use fresh issue proceeds to expand company-owned stores across India and support operational growth.