8 months ago
Lenskart Shares Eligible for Trade
Lenskart, a company that sells eyeglasses and other eye care products, had its shares listed on the stock market recently.
After one month, the time period where certain shareholders couldn't sell their shares is ending.
This means that 40.7 million shares, worth about ₹1,701 crore, can now be traded.
Even though these shares can be traded, it doesn't mean all of them will be sold right away.
In its first report since listing, Lenskart showed good growth in its earnings and plans to open more stores.
The company's shares are currently trading at ₹406.05 in early deals, which is a bit lower than the price at the end of Friday, but still higher than the price when it first started selling shares to the public.
40.7 million Lenskart shares (2% of outstanding) become eligible for trade on December 8.
Value of shares freed up is approximately ₹1,701 crore based on Friday's closing price.
Lenskart's shares slipped 2.48% to ₹406.05 in early deals on Monday.
First quarterly report post-listing shows 21% revenue growth and 45% EBITDA growth.
Company plans to add more than 450 net stores across the country.
- Who
- Lenskart Solutions Ltd.
- What
- End of shareholder lock-in period, freeing up shares for trade
- Where
- India
- When
- December 8
- Why
- Standard post-IPO lock-in period ending
Market Impact
Company Performance
Market Impact
Market Impact
The unlocking of 40.7 million shares may affect market liquidity and could potentially lead to increased volatility in the stock price.
Company Performance
The end of the lock-in period does not necessarily imply an immediate increase in active supply, as not all shares will be sold in the open market.
Key facts
- Company
- Lenskart Solutions Ltd.
- Shares Freed
- 40.7 million (2% of outstanding)
- Value of Shares
- ₹1,701 crore
- Lock-In Period Ends
- December 8
- Current Stock Price
- ₹406.05 (early deals), ₹418.05 (Friday's close)
- IPO Price
- ₹402
- Revenue Growth (Q1)
- 21% YoY
- EBITDA Growth (Q1)
- 45% YoY
- Market Cap
- ₹70,574 crore (after early deals)
- Competitors
- Titan Eyeplus, GKB Opticals
Timeline
Lenskart launches IPO, subscription begins.
One month later, IPO closes, lock-in starts.
Lock-in ends, Lenskart shares tradable again.
40.7 million shares, ₹1,701 crore, now tradable.
Lenskart's IPO shares hit market.
Sources
Lenskart shares in focus as equity worth ₹1,700 crore frees up for trade today
IPO lock-in: Lenskart to Pine Labs - Shares worth ₹6,500 crore to free up for trade this week
Pine Labs shares worth nearly ₹500 crore to free up for trade today as shareholder lock-in ends
Lenskart's shares slip in early deals after lock in expires, more details
Shareholder Lock-In: Shares worth ₹6,523 crore of eight companies to free up for trade this week
Related news
New-Age Indian Stocks Rally, But Analysts See Uneven Upside
Internet Stocks Rally as MSCI Rejig Boosts IPO Activity
Kraftshala Reports 1,037 Marketing Placements Over 14 Months
Adani Stocks Mixed After Heavy Sell-Off Amid MSCI Reshuffle
Gift Nifty Signals Lower Open as Oil and Yields Rise
