Lenskart Share Price Falls Over 3% Amid Reports of Block Deal

Lenskart Solutions shares experienced a drop after a substantial block deal on Monday, October 12, 2026. This came amid reports of Alpha Wave Ventures reducing its stake.  

Lenskart Solutions Limited has announced the approval of 3,42,000 employee stock options as part of its Employee Stock Option Plan, 2021. The decision was made by the Nomination and Remuneration Committee on October 10, 2026, through a circular resolution. 

Lenskart Block Deal details 

2.93 crore shares of Lenskart Solutions, representing 1.67% of the company’s equity, were traded through block deals on Monday, October 12, 2026, as per CNBCTV18 news report.  

The transaction was valued at ₹1,895 crore, with the shares traded at ₹647 apiece. The identities of the buyers and sellers have not yet been disclosed. 

Details of Alpha Wave Ventures’ Involvement 

Alpha Wave Ventures, known to hold a 3.42% stake in Lenskart, reportedly sold a portion of its interest.  

This transaction follows a prior sale in August. Sellers are subject to a 30-day lock-in on additional sales, with Lenskart’s earlier public ownership standing at 82.05%. A market recalibration was observed with a 5.2% discount against last Friday’s closing. 

Details of the Stock Option Grant 

The approved stock options cover a total of 3,42,000 equity shares. Each option is convertible into 1 equity share, with a face value of ₹2 each.  

The exercise price for these options has been set at ₹508 per share, aligning with the average closing price from the previous 30 days of trading. 

The grant of these stock options is aimed at rewarding eligible employees, providing them with an opportunity to participate in the company's growth and success. 

Lenskart's Q1 FY27 Performance 

Lenskart reported an 182.3% annual increase in net profit to ₹228 crore in Q1 FY27. Revenue grew 33.6%, reaching ₹2,214 crore. The EBITDA margin expanded to 21.7% with product margins surpassing 70%. Growth was noted across Indian and international markets, with product offerings ranging from budget to premium eyewear. 

Read More: Poonawalla Fincorp Share Price in Focus After Q2 FY27 Earnings Results: Total Income Up 70.1% YoY! 

About Lenskart Solutions 

Lenskart Solutions Limited is a vertically integrated, technology-driven direct-to-consumer (D2C) eyewear company based in Gurugram, India 

Lenskart Solutions Share Price Performance 

As of October 12, 2026, at 11:31 AM, Lenskart Solutions share price on NSE was trading at ₹654.20, down by 3.46% from the previous closing price. 

Conclusion 

Lenskart has approved 3,42,000 stock options under its Employee Stock Option Plan, 2021, with each option convertible into 1 equity share valued at ₹2. The exercise price is set at ₹508 per share, matching the average closing price over the past 30 days. 

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