SoftBank sold 5.65 crore Lenskart shares at ₹508.55, a 1.5% discount. Societe Generale bought ₹698 crore. The 25% stake reduction leaves 17.1 crore shares still held.
SoftBank Vision Fund has sold a quarter of its Lenskart holdings through a single block trade, testing whether the Indian eyewear retailer's post-IPO rally can absorb further insider supply.
SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Ltd sold 5.65 crore shares in a block deal worth ₹2,873.3 crore. The transaction priced at ₹508.55 per share, a 1.5% discount to Lenskart's closing price of ₹516.3 on the day of the trade.
Shares bought by Societe Generale accounted for ₹698.44 crore of the total, making the French bank the single largest named buyer in the block.
The sale reduces SoftBank's stake by roughly 25% of its March quarter holding. At the end of Q4 FY26, the SoftBank entity held 22.79 crore shares in Lenskart. Post-deal, that position falls to about 17.14 crore shares, based on the disclosed sale volume.
SoftBank first backed Lenskart in December 2019, leading a $275 million funding round that valued the omnichannel retailer at $1.5 billion (unicorn status). The investor later sold 2.55 crore shares via Lenskart's IPO at an issue price of ₹402, raising ₹1,025 crore and generating a 5.4X return on that tranche.
Pre-IPO, SoftBank held 25.34 crore shares, or a 15.03% stake, in the company.
The transaction comes roughly one month after Lenskart's six-month IPO lock-in period expired. During that same window, a separate set of existing backers sold at least 8.15 crore shares at ₹473.4 apiece. Among those sellers were Alpha Wave Ventures (3.72 crore shares), BirdsEye Holdings (1.67 crore shares), and TR Capital (80.3 lakh shares).
Days after the lock-in expiry, Lenskart reported Q4 FY26 results. Consolidated net profit fell 7.5% year-over-year to ₹203.6 crore from ₹220.1 crore. Operating revenue surged 46% YoY to ₹2,515.7 crore, reflecting strong demand across the company's online and physical retail channels.
Lenskart made its public market debut roughly six months ago, listing at ₹390 on the BSE (a 3% discount to the issue price of ₹402) and ₹395 on the NSE (a 1.74% discount). Since listing, the stock has surged 28.4% from the issue price, placing the company's market capitalisation at ₹89,651.16 crore ($9.4 billion).
The block deal creates a measurable supply overhang: SoftBank still holds roughly 17.1 crore shares, and its remaining stake represents a meaningful portion of daily trading volume. Buyers who step in after the lock-in period have already absorbed at least 13.8 crore shares across two block waves (the earlier 8.15 crore sale plus today's 5.65 crore).
The pace of insider selling at Lenskart mirrors a broader pattern in Indian IPOs: lock-in expiry triggers concentrated supply, and block deals set a price floor for secondary-market trading. The gap between the IPO price (₹402), the lock-in sale price (₹473.4), and the latest block price (₹508.55) shows progressive price discovery as incremental supply clears.
Bottom line for traders: The 28.4% post-IPO gain has created a liquid exit for early backers, the stock's ability to hold above ₹500 will depend on whether institutional demand matches the pace of share releases. The next quarterly print – specifically whether net profit stabilises – will be the primary catalyst for price direction.
For a broader view of how secondary block activity fits into post-IPO trading patterns, see our stock market analysis or the Lenskart profile.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.