Muted Debut: Lenskart Shares Slip Below IPO Price in First-Day Trade
Eyewear giant’s market entry disappoints investors as stock lists nearly 3% lower on Dalal Street
MUMBAI – Popular eyewear retailer Lenskart made a subdued debut on Dalal Street today, with its shares listing below the issue price, signaling a lukewarm investor response to one of the most anticipated IPOs of the year.
On the Bombay Stock Exchange (BSE), Lenskart shares opened at ₹390, about 2.98% lower than the issue price of ₹402. On the National Stock Exchange (NSE), the stock began trading slightly higher at ₹395, but still below expectations.
Market analysts say the weak listing reflects cautious investor sentiment amid volatile market conditions and profit-booking pressures in the new-age tech space.
“While the company’s fundamentals remain strong, the muted listing suggests that investors are becoming selective with startup IPOs,” said a Mumbai-based market strategist.
Despite the quiet start, experts believe that Lenskart’s long-term growth story remains intact, driven by its expanding retail footprint, growing online sales, and strong brand presence in India’s rapidly evolving eyewear segment.
The company, backed by global investors such as SoftBank and Temasek, had raised substantial interest during its IPO, which was subscribed multiple times across retail and institutional categories.
Traders expect the stock to find its footing in the coming sessions as market sentiment stabilizes and investors evaluate its growth potential beyond the initial listing performance.
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