Global investor SoftBank has sold 4.5 crore shares of Lenskart at an average price of ₹641.75 per share, generating ₹2,887.9 crore. This follows an earlier June sale and marks SoftBank’s second significant partial exit post Lenskart's listing.
- SoftBank sells 4.5 crore Lenskart shares worth ₹2,888 cr
- Lenskart shares up 69% since debut, driving investor interest
- Lenskart reports profits, expands internationally amid growth
What happened
SoftBank through its SoftBank Vision Fund II Lightbulb (Cayman) Ltd sold 4.5 crore shares of Lenskart on the BSE at an average of ₹641.75 per share, fetching ₹2,887.9 crore. This transaction follows a June block deal where SoftBank offloaded 5.65 crore shares for ₹2,873.3 crore, marking multiple partial stake exits since Lenskart’s November listing.
Despite these sales, SoftBank remains a significant shareholder with a 9.79% stake post-June 31, 2026. The recent share sale attracted several prominent institutional investors such as Societe Generale, which acquired 1.1 crore shares, Goldman Sachs with 84.3 lakh shares, and mutual funds like Motilal Oswal and HSBC also purchasing sizeable lots.
Why it matters
Lenskart’s stock price has surged over 69% since its initial public offering, reflecting impressive market confidence and growth momentum. The company's solid financial showing, including maiden full-year profitability in FY25 and a doubling of net profit to ₹530 crore in FY26, supports the bullish market sentiment.
The strong revenue growth of over 32% in FY26 and a robust Q1 FY27 performance with triple-digit profit growth have made Lenskart an attractive bet for institutional investors. The continued stake reduction by SoftBank and other shareholders signals a maturing investment cycle as the company strengthens its bottom line and market position.
What to watch next
Investors should monitor Lenskart's international expansion efforts, including recent investments in Singapore, South Korea, and China, which demonstrate a strategic pivot to grow global operations. These moves could further enhance revenue streams and diversify growth beyond the Indian market.
Additionally, attention should be given to the cyber incident reported involving a Singapore-based sub-vendor linked to Lenskart’s group. The company's response to data security challenges and any impacts on operations or customer trust will be critical in upcoming quarters.