SoftBank's SVF II offloads 56.5M Lenskart shares as post-IPO lock-up expires
What's the deal? SoftBankDealroom has a profile for this one. Try Dealroom →'s Secondary Venture Fund II (SVF II) sold 56.5 million shares in Indian eyewear company Lenskart Solutions at ₹508.55 per share via a block deal, according to NSE data. The shares were picked up by institutional heavyweights including CitigroupDealroom has a profile for this one. Try Dealroom →, BlackRock, FidelityDealroom has a profile for this one. Try Dealroom →, and Goldman SachsDealroom has a profile for this one. Try Dealroom →.
The sale was part of a broader investor exit worth ₹3,861.1 crore, as multiple existing shareholders offloaded stock through block deals.
Why now? Lenskart's six-month IPO lock-in period just expired, freeing early investors to sell. Nearly 104.7 crore shares are now eligible for trading, sharply increasing the stock's liquidity.
Lenskart's IPO raised $828M and was one of India's most anticipated listings this year — though it debuted roughly, with shares initially falling 11% below the issue price before partially recovering.
What could go wrong? The block deal was executed at a 3.7% discount to Lenskart's closing price of ₹492 on the BSE — a sign that sellers had to offer a sweetener to move large volumes. A wave of post-lock-up selling could weigh on the stock if more early investors rush for the exit.
The signal: This is a textbook post-IPO liquidity event. SoftBank has been steadily trimming its portfolio positions across India and globally as it rebalances after years of aggressive venture bets. That marquee global institutions like BlackRock and Goldman Sachs stepped in as buyers suggests strong institutional confidence in Lenskart's long-term story — even if the stock's early trading life has been bumpy.
Read more: ainvest.com
