SoftBank entity SVF II Lightbulb (Cayman) is looking to sell a 2.6% stake, or 4.5 crore shares, in Lenskart Solutions, raising around $300 million according to the term sheet. The floor price for the Lenskart block deal has been fixed at ₹635 per share, around 4% below its Friday closing price on the BSE. Goldman Sachs is serving as the sole placing agent for this significant transaction, highlighting the institutional interest in the eyewear retailer.
ICICI Securities has issued a buy rating on Lenskart Solutions with a target price of ₹750 in its research report dated August 21, 2026. According to the brokerage's analysis, the company has delivered >50% returns since its market debut and continues to demonstrate sustained operational outperformance. The recommendation comes as investors focus on Lenskart's ability to maintain such growth momentum and justify the rich valuations the stock has achieved. The latest block deal activity further validates this positive sentiment among institutional investors.
ICICI Securities estimates that Lenskart's India business will deliver a revenue CAGR of ~23% over FY26–31E. The brokerage expects the company's store count to almost treble (2.7x) during this period, with same-store sales growth (SSSG) of ~18% over the same timeframe. Additionally, scale efficiencies are projected to support an EBITDA CAGR of ~37% in the India business over the same period, as reported by ICICI Securities. This growth trajectory continues to support the positive investment thesis despite recent market volatility.
Harish Krishnan, CIO – Equity at Aditya Birla Sun Life AMC, has identified Lenskart as a potential multinational company out of India with significant AI-driven applications. As reported by CNBC TV18, Krishnan emphasizes that the company has executed well and could emerge as "one of India's multinational companies" with AI-driven use cases. This strategic vision aligns with the company's strong operational performance and positions Lenskart as a long-term growth story in the eyewear retail sector.
Despite the positive brokerage recommendations, the 12-month Bloomberg consensus target at ₹672.24 suggests a mere 1.6% potential upside for Lenskart. Among major brokerages, UBS has the highest target of ₹800, while Ambit's ₹496 is the lowest, according to Bloomberg data. For Meesho, the consensus target at ₹205.77 suggests nil upside potential, with the stock having eight 'Buy' ratings, three 'Hold' calls and three 'Sell' ratings. The block deal activity reflects institutional confidence in both companies' growth prospects despite mixed analyst sentiment.
