SoftBank Sells Lenskart Shares for ₹2,873 Crore in Major Block Transaction
SoftBank sold shares worth Rs 2,873 crore in Lenskart, representing a 3.25% stake at Rs 508.55.
SoftBank sold shares worth Rs 2,873 crore in Lenskart, representing a 3.25% stake at Rs 508.55.
Lenskart reported Q4 FY26 revenue growth of 45.7%, but profit slipped 7% amid rising expenses.
Lenskart founder Peyush Bansal clarified that the company does not restrict religious symbols at work.
SoftBank's recent activity in India indicates a strategic reset, focusing on AI and enterprise technology.
Lenskart’s revenue rose 21% in Q2 FY26, nearing Rs 150 crore profit, debuting on Indian stock exchanges.
Lenskart debuted at a discount, opening at Rs 395 on NSE, 1.7% below its IPO price of Rs 402.
Lenskart’s IPO was oversubscribed 28.26 times, with retail portion at 7.53x and GMP at Rs 58 per share.
Lenskart Solutions has raised Rs 3,268.36 crore from 147 anchor investors ahead of its IPO.
SBI Mutual Fund invested Rs 100 crore in Lenskart ahead of its IPO opening on October 31, 2025.
Lenskart’s Rs 7,278 crore IPO promises returns of 4X to 17X for promoters and early investors.