Eyewear retailer Lenskart Solutions Ltd experienced a muted debut on the stock exchanges on Monday, listing at a discount to its issue price of ₹402 per share. The stock opened at ₹390 on the Bombay Stock Exchange (BSE), indicating a nearly 3 percent discount, while on the National Stock Exchange (NSE), it made its debut slightly higher at ₹395, reflecting a 1.7 percent discount.
Following its initial listing, the stock saw a decline of nearly 10 percent, falling to ₹356.10 in early trading, which signaled weak investor sentiment post-listing. The ₹7,278-crore initial public offering (IPO) of Lenskart Solutions included a fresh issue of shares worth ₹2,150 crore alongside an offer for sale (OFS) of 12.75 crore shares from promoters and investors. The IPO featured a price band set between ₹382 and ₹402 per share.
The offering drew robust interest from investors, achieving an overall subscription rate of 28.26 times. Prior to the IPO, Lenskart secured ₹3,268.36 crore from anchor investors, including notable entities such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life, Government Pension Fund Global, Steadview Capital, Goldman Sachs, JPMorgan, and HSBC.
Market analysts linked the weak listing performance to valuation concerns and profit-taking by short-term investors, despite Lenskart’s established brand presence and growth potential in India’s organized eyewear sector. Ahead of the listing, Ambit Capital initiated coverage on Lenskart with a sell rating, highlighting a significant disconnect between the company’s growth prospects and its return ratios.
Published on November 10, 2025.
