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Lenskart Block Deal | 7.2 crore shares worth ₹3,293 crore likely to change hands at ₹470
The block deal price is at a 3.6% discount to the current market price. Separately, it has been noted that the lock-in period for the IPO ends tomorrow, May 8. Shares of Lenskart Solutions Ltd ended at ₹488.00, down by ₹15.15, or 3.01%, on the BSE.
Lenskart Block Deal: Rs 3,500-Crore Stake Sale Likely At 5% Discount
In addition, people in the know also added that two brokerages have approached Mutual funds to gauge interest in the block deal.
IPO investors brace for 83 lock-in expiries worth $55 billion in three months. Do you own any?
IPO investors are bracing for a significant wave of lock-in expiries between May and August, with shares of 83 newly-listed companies valued at $55 billion becoming eligible for trade. This period will see major companies like Lenskart, Groww, and Pine Labs experience their lock-in periods ending, potentially impacting market dynamics.
Lenskart shares and the ₹54,000 crore equity free-up on May 8; details here
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.
Six companies to see equity worth ₹64,000 crore free up this week; 85% belongs to one stock
As many as six companies, Deepak Builders, Afcons Infra, Emmvee Photovoltaic, Studds Accessories, Lenskart Solutions and Orkla India, will see their respective shareholder lock-ins end this week. The cumulative value of the shares that will free up for trade is worth nearly ₹64,000 crore, based on their respective closing price levels from last Thursday. Of this, nearly 85% of that value belongs to only Lenskart.
Shareholder lock-in: Lenskart, Afcons among companies to become eligible for trading this week
While the expiry of the lock-in does not necessarily translate into immediate selling pressure, it often remains a key trigger for investors tracking supply overhang. Four of the six companies are currently trading below their issue price.
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
Indian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. This shows growing confidence from domestic investors in these tech-focused businesses. Brokerages are also initiating coverage with positive outlooks. This trend indicates a significant shift in institutional capital towards India's new-age economy.
Lenskart’s viral style guide row: Bindi, tilak banned but hijab allowed? Peyush Bansal responds
Peyush Bansal has dismissed allegations that Lenkart allows employees to wear a hijab and turban, but restricts symbols such as a bindi, tilak or a kalawa. Details here.
Valuation Check: 9 mid-cap stocks trading well above their Industry P/E
Stocks trading above their industry price-to-earnings ratio often signal strong growth expectations or investor optimism. A StockEdge valuation scan highlights nine NSE midcap companies, including Lenskart Solutions, NTPC Green Energy and Biocon.
Stock Picks Today: JSW Cement, ICICI AMC, Lenskart And More On Brokerages' Radar
Investec and Motilal Oswal have initiated a buy rating on JSW Cement and Lenskart, respectively.
Lenskart share price rallies over 3% as Motilal Oswal assigns ‘Buy’ call, sees 25% upside potential
Lenskart share price gained 8% in one month, and has rallied 15% in three months. The stock is up over 27% from its listing price, and 24% higher than its issue price.
Lenskart shares get the highest target price so far
Shares of the Mumbai-based eyewear maker have gained over 12% in the last month.