Lenskart Shares Fall 5% as Alpha Wave Ventures Plans Rs 1,691 Crore Stake Sale

Khushi Jain
October 12, 2026

Shares of Lenskart Solutions fell as much as 5% during intraday trading on the BSE, touching a low of Rs 643.80, as a proposed stake sale by early investor Alpha Wave Ventures weighed on the stock.

At 13:43 IST, Lenskart shares were trading 4.07% lower at Rs 650.15, giving the company a market capitalisation of Rs 1,13,098.38 crore.

According to media reports, Alpha Wave Ventures is looking to sell up to 1.6% of its stake in Lenskart for as much as Rs 1,691 crore. The offer has a floor price of Rs 640 per share, representing a 5.6% discount to the stock’s closing price of Rs 677.65 on October 9.

The proposed transaction comprises 15.1 million shares, representing a 0.9% stake, with an option to sell an additional 11.3 million shares, equivalent to 0.7%. If Alpha Wave Ventures sells the entire 26.4 million shares on offer, its holding in Lenskart will decline to 1.82% from 3.42%.

The proposed sale follows a series of stake sales by Lenskart’s early investors in recent months. Alpha Wave Ventures itself sold shares worth Rs 1,856.8 crore in August.

Early Investors Continue to Pare Holdings

In August, Alpha Wave Ventures sold 2.94 crore Lenskart shares through multiple block deals at Rs 630 apiece, according to NSE data. The transaction generated Rs 1,856.8 crore for the investor.

The shares were purchased by a group of institutional investors, including the National Pension System (NPS) Trust, ICICI Prudential Mutual Fund, Bajaj Life Insurance, HDFC Life Insurance, Goldman Sachs, Morgan Stanley and Kuwait Investment Authority.

Alpha Wave Ventures held a 3.42% stake in Lenskart, equivalent to around 5.9 crore shares, at the end of June 2026. Its August sale reduced its holding by nearly 1.7 percentage points.

Other investors have also reduced their holdings in the company. SoftBank sold Lenskart shares worth Rs 2,887.9 crore, while Temasek offloaded a 2.05% stake for Rs 1,934 crore last month.

Earlier, in June, Abu Dhabi Investment Authority sold 4 crore Lenskart shares through a block deal valued at Rs 1,960 crore.

Lenskart’s stock has risen over 48% on a year-to-date basis, providing an opportunity for investors to book gains. The rise has come amid the company’s financial performance.

Lenskart Reports Strong Profit and Revenue Growth

Lenskart reported a 273% year-on-year increase in consolidated net profit to Rs 228.4 crore in Q1 FY27, compared with Rs 61.2 crore in the corresponding quarter a year earlier.

Sequentially, net profit rose 12% from Rs 203.6 crore in the preceding quarter.

Operating revenue grew 43% year-on-year and 8% quarter-on-quarter to Rs 2,714.2 crore. Including other income of Rs 68.5 crore, Lenskart’s total income stood at Rs 2,782.7 crore for the quarter.

The latest proposed stake sale by Alpha Wave Ventures adds to the recent exits and partial stake reductions by early investors and institutional shareholders in Lenskart.

FAQs

1. Why did Lenskart shares fall during intraday trading?

Lenskart shares fell amid reports that early investor Alpha Wave Ventures was planning to sell part of its stake in the company.

2. How much stake does Alpha Wave Ventures plan to sell?

Alpha Wave Ventures is looking to sell up to 1.6% of its stake, comprising 15.1 million shares and an option to sell an additional 11.3 million shares.

3. What is the floor price for the proposed Lenskart stake sale?

The proposed sale has a floor price of Rs 640 per share, a 5.6% discount to Lenskart’s closing price of Rs 677.65 on October 9.

4. How much did Alpha Wave Ventures raise from its August stake sale?

Alpha Wave Ventures sold 2.94 crore Lenskart shares at Rs 630 apiece in August, generating Rs 1,856.8 crore.

5. How did Lenskart perform financially in Q1 FY27?

Lenskart reported a 273% year-on-year increase in consolidated net profit to Rs 228.4 crore, while operating revenue grew 43% year-on-year to Rs 2,714.2 crore.

Khushi Jain

Editor

Khushi Jain is an editor at Startup Spotlight India, covering daily news and trending stories across startups and business. She focuses on funding updates, emerging trends, and key developments shaping India’s startup ecosystem.