India, May 9 -- As Lenskart's six month IPO lock-in period expired yesterday, existing backers sold the eyewear giant's shares worth at least Rs.3,861.1 Cr in multiple block deals.

As per NSE data, investors sold at least 8.15 Cr shares at 473.4 apiece to rake in the amount. While Alpha Wave Ventures sold 3.72 Cr shares, BirdsEye Holdings and TR Capital offloaded at least 1.67 Cr and 80.3 Lakh shares, respectively.

The shares that flooded the market were lapped up by Citigroup, BlackRock, BofA Securities, Canara Robeco Mutual Fund, Fidelity, ICICI Prudential, HDFC Mutual Fund, Goldman Sachs, among others.

The block deals were executed at a discount of 3.7% to the stock's closing price of Rs.492 on the BSE on Thursday. Following the exp...