Description

BSE circular detailing the listing of 1,73,48,70,187 equity shares of Lenskart Solutions Limited with lock-in details for various categories of shareholders including promoters, anchor investors, and AIFs.

Summary

BSE has announced the listing of 1,73,48,70,187 equity shares of Lenskart Solutions Limited. The circular provides comprehensive lock-in details for different categories of shareholders, including promoters, anchor investors, AIFs, and ESOP holders. The shares are listed in dematerialized form with various lock-in periods ranging from 30 days to 18 months depending on the shareholder category.

Key Points

  • Total equity shares listed: 1,73,48,70,187 shares in dematerialized form
  • All shares are fully paid-up with varying lock-in periods
  • Lock-in periods range from 30 days to 18 months (May 2026/2027)
  • 113,130 equity shares held by eligible employees under ESOP schemes are not under lock-in
  • 7,280,431 equity shares held by Lenskart ESOP Trust are not under lock-in
  • AIFs holding shares as per SEBI regulations are exempt from lock-in
  • Anchor investor shares: 4,06,51,171 shares locked-in for 30 days until December 5, 2025
  • Additional anchor investor shares: 4,06,51,241 shares locked-in until February 3, 2026
  • Listing date: November 6, 2025

Regulatory Changes

No regulatory changes introduced. This circular implements existing SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, particularly Regulation 17(c) regarding AIF lock-in exemptions.

Compliance Requirements

  • Shareholders must comply with respective lock-in periods based on their category
  • Lock-in details are provided on pages 193-196 of the Company’s Prospectus dated November 4, 2025
  • All shares must remain in dematerialized form
  • Company Secretary: Preeti Gupta (Membership No.: A29209)
  • Registered Office: Plot No. 151, Okhla Industrial Estate, Phase III, New Delhi – 110 020

Important Dates

  • Listing Date: November 6, 2025
  • Anchor Investor Lock-in Expiry (30 days): December 5, 2025
  • Anchor Investor Lock-in Expiry (90 days): February 3, 2026
  • Major Shareholder Lock-in Expiry: May 7, 2026
  • Extended Lock-in Expiry: May 7, 2027
  • Prospectus Date: November 4, 2025

Impact Assessment

Market Impact: High - This is a significant IPO listing with over 173 crore equity shares. The staggered lock-in periods will impact share availability and liquidity in phases, with the first unlock occurring on December 5, 2025 for anchor investors.

Liquidity: Approximately 26.63 crore shares (15.4%) are not under lock-in and available for immediate trading, including shares held by IPO public, ESOP trust, AIFs, and employee ESOP holders. The remaining shares will become available progressively through 2026-2027.

Investor Considerations: Investors should note the lock-in schedules as they will significantly affect the float and trading dynamics. The majority of promoter and institutional holdings are locked in for 6-18 months, providing stability but limiting liquidity.

Impact Justification

Major IPO listing of Lenskart Solutions Limited with significant share volumes and multiple lock-in periods affecting market liquidity and investor decisions