Lenskart Stock Slides 2% Amid Buzz Over Block Deals and Lock-In Expiry

Mumbai, May 08 : Shares of eyewear retailer Lenskart witnessed selling pressure in Thursday’s trading session as investor sentiment turned cautious following the expiry of the company’s IPO lock in period and speculation surrounding a large block deal.
The stock dropped more than 2 per cent during intraday trade on the BSE, slipping to nearly Rs 475.80 and emerging among the notable laggards in the broader market.
According to market reports, institutional investors may offload nearly 4 per cent stake in the company through block transactions, triggering concerns over a potential increase in share supply. The development coincided with the end of the six-month lock-in period linked to the company’s public issue.
With the restriction period ending, a substantial number of shares held by early investors and pre-IPO stakeholders have now become eligible for trading. Brokerage estimates indicate that nearly 104.7 crore shares, valued at over Rs 51,000 crore, can now enter the secondary market.
Although the expiry of a lock-in period does not automatically result in immediate selling, investors often remain cautious as additional market supply can weigh on stock prices in the short term.
Market experts noted that the weakness in the counter appears largely sentiment-driven, rather than linked to any deterioration in the company’s business outlook or operational performance.
Block deals, which generally involve large-scale transactions between institutional participants, are closely monitored by traders because they can influence liquidity, market positioning, and near-term price action.
Despite the latest decline, the company continues to attract investor attention amid growing interest in India’s consumer technology and organised retail segments.