After the one-month shareholder lock-in period ended on December 8, Lenskart Solutions’ shares dropped more than three percent.
On Monday, the shares fell to Rs 403.20 each. In the first month following listing, the stock has only slightly increased in value relative to its IPO price.
Nuvama Alternative & Quantitative Research told CNBC-TV18 that after the lock-in expires today, about 4.07 crore shares, or 2% of the company’s ownership, will become available for trading. Based on the stock’s last closing price of Rs 417.20 per share, the total value of the aforementioned number of shares will be about Rs 1,700 crore.
This does not, however, mean that the market will sell all of these shares right now. Simply put, the lock-in period has ended, allowing for the trading of these shares.
Since listing, how have Lenskart shares performed?
Lenskart shares are presently up more than 2% from their listing price of Rs 395 per share on the NSE, but just 0.3% from their IPO price of Rs 403.2 per share.
for November 10, the shares was for sale at a discount on stock exchanges. This occurred even though the Rs 7,278-crore IPO attracted a lot of interest from investors over its three days of public bidding, with more than 28 times the offer size subscribed.
The stock increased by about 14% after listing, reaching a peak of Rs 448.80 per share on December 1. But since then, the well-known eyeglasses retailer’s shares have dropped by about 10%.
Lenskart Q2 Outcomes:
For the second quarter of the fiscal year 2026, Lenskart declared a net profit of Rs 103.5 crore in November. Compared to the Rs 86.3 crore net profit recorded during the same time of the previous fiscal year, this represented a 20% year-over-year (YoY) rise.
In Q2 FY26, its operating revenue increased 21% year over year to Rs 2,096 crore.
