Lenskart shares and the ₹54,000 crore equity free-up on May 8; details here

Lenskart shares and the ₹54,000 crore equity free-up on May 8; details here


Shares of Lenskart Solutions Ltd. are expected to remain in focus on Friday, May 8, as the company’s six-month shareholder lock-in period expires.

Approximately 1,047.4 million shares, representing nearly 60% of the company’s total equity, will become eligible for trading, according to Nuvama Alternative and Quantitative Research.

Based on Thursday’s closing price, the unlocked shares are valued at around ₹54,150 crore. The stock is currently trading about 29% above its issue price of ₹402 per share.

It is important to note that the expiry of the lock-in does not necessarily translate into immediate selling, but only makes these shares eligible for trading.

Brokerage firm HSBC had initiated coverage on the stock in March with a ‘Hold’ rating and a target price of ₹513.

The brokerage had said that Lenskart’s backward-integrated model and direct-to-consumer approach as key strengths, creating a strong competitive moat in the consumer segment.

It also sees sustained growth driven by expansion in total addressable market and market share gains.

HSBC expects revenue and EBITDA to grow at a CAGR of 23% and 49%, respectively, over FY25-FY28, with improving margins across both domestic and international operations. However, it flagged that elevated valuations relative to peers may cap near-term upside.

According to Bloomberg data, 16 analysts track the stock, of which 12 have a ‘Buy’ rating, three recommend ‘Hold’, and one has a ‘Sell’ call.



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