Shares of Lenskart Solutions dropped as much as 5% intraday to ₹643.80 on the BSE amid news that early investor Alpha Wave Ventures plans to sell up to 1.6% of its stake, potentially raising ₹1,691 crore. The offer is priced at a floor of ₹640 per share, a 5.6% discount to the stock’s closing price of ₹677.65 on October 9, 2026, according to inc42.com.
Alpha Wave Ventures is offering 15.1 million shares, representing a 0.9% stake, with an option to sell an additional 11.3 million shares, or 0.7%. If the full 26.4 million shares are sold, its holding will reduce from 3.42% to 1.82%. This proposed sale follows a series of stake reductions by early investors in Lenskart, including Alpha Wave’s sale of shares worth ₹1,856.8 crore in August 2026, inc42.com reported.
The August block deal saw Alpha Wave Ventures sell 29.4 million shares at ₹630 each, attracting institutional buyers such as the National Pension System Trust, ICICI Prudential Mutual Fund, Bajaj Life Insurance, HDFC Life Insurance, Goldman Sachs, Morgan Stanley, and Kuwait Investment Authority. This pattern of stake sales by early investors highlights ongoing portfolio adjustments amid Lenskart’s market capitalization of ₹1,13,098.38 crore, per inc42.com.
At 13:43 IST on October 12, 2026, Lenskart shares traded 4.07% lower at ₹650.15 on the BSE. The proposed stake sale by Alpha Wave Ventures is closely watched by market participants given its potential impact on the stock’s liquidity and valuation, inc42.com noted.