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Lenskart Lock-in Ends: Shares Tumble Amid Investor Exit
8 May
Summary
- Lenskart shares dropped nearly 2% on May 8, 2026.
- Over 1 billion shares became available post lock-in expiry.
- A block deal worth ₹5,315.6 crore occurred on Friday.
On Friday, May 8, 2026, Lenskart's share price saw a dip of nearly 2%. This market movement coincided with the conclusion of the company's six-month shareholder lock-in period.
Following the lock-in expiry, nearly 1,047.4 million shares became available for trading, constituting about 60% of Lenskart's outstanding equity. This influx of potentially tradable shares, valued around ₹51,573 crore at Thursday's closing price, created market uncertainty.
Despite the availability of these shares, industry experts emphasized that immediate, large-scale selling in the open market is not guaranteed. The expiry merely grants shareholders the option to trade their holdings.
Further market activity included a substantial block deal. Approximately 11.22 crore shares, equivalent to 6.46% of the company's equity, were transacted at ₹473.4 per share, totaling ₹5,315.6 crore.
Reports indicated that several existing investors, including Birdseye View Holding and TR Capital Mauritius, were looking to exit their stakes through this transaction. Some investors are expected to remain under a 90-day lock-in for any further stake sales.
