Lenskart Shares in Focus as Alpha Wave Ventures Plans ₹1,313 Crore Stake Sale

Lenskart Solutions is set to witness a sizable secondary share sale on Friday, with existing investor Alpha Wave Ventures II LP looking to offload up to 2.08 crore shares through a block deal.

The proposed transaction represents around 1.2% of Lenskart’s existing equity and could be worth up to ₹1,313 crore at the floor price.

What are the key details of the Lenskart block deal?

The floor price for the transaction has been fixed at ₹630 per share, representing a 1.7% discount to Lenskart’s closing price of ₹640.60 on the NSE on August 27, 2026.

At the floor price, the transaction is valued at approximately ₹1,313 crore, or about $137 million.

The key details of the proposed transaction are:

• Seller: Alpha Wave Ventures II LP

• Shares offered: Up to 2.08 crore

• Stake: Around 1.2%

• Floor price: ₹630 per share

• Discount: 1.7% to Thursday’s closing price

• Deal value: Up to ₹1,313 crore

• Nature of transaction: 100% secondary sale

• Lock-up: 45 days after the transaction

Alpha Wave Ventures II held a 1.2% stake in Lenskart as of the quarter ended June.

The transaction will be conducted through one or more on-screen transactions on Indian stock exchanges. Spark Institutional Equities, a subsidiary of Avendus Capital, and Kotak Securities are acting as joint bookrunners and brokers for the sale.

Lenskart reports strong Q1FY27 performance

The stake sale comes shortly after Lenskart reported strong financial performance for the first quarter of fiscal 2026-27.

Lenskart’s net profit rose 270% to ₹222 crore in Q1FY27, compared with ₹60 crore in the year-ago period.

Revenue increased 43% year-on-year to ₹2,714 crore from ₹1,894 crore.

The company’s EBITDA rose 76% to ₹588 crore from ₹335 crore, while EBITDA margin expanded to 21.7% from 17.7%.

The previous-year quarter also included a one-time loss of ₹10.4 crore.

What does the stake sale mean for Lenskart?

The proposed transaction is a secondary sale, meaning the shares are being sold by an existing shareholder rather than being newly issued by Lenskart.

As a result, the proceeds from the transaction will go to Alpha Wave Ventures II rather than the company.

The stake sale would allow Alpha Wave Ventures II to monetise part of its investment in Lenskart following the company’s strong recent financial performance. The seller has also agreed to a 45-day lock-up following the transaction.

Conclusion: What does this mean for investors?

Lenskart shares will be in focus after Alpha Wave Ventures II announced plans to sell up to 2.08 crore shares, representing around 1.2% of the company’s existing equity. The ₹1,313 crore transaction is being offered at a 1.7% discount to Thursday’s closing price. The stake sale comes after Lenskart reported a 270% jump in Q1FY27 net profit and 43% revenue growth, with investors likely to focus on the block transaction and its impact on the stock’s near-term trading.