Lenskart's Tepid Stock Market Entry
Eyewear retail giant Lenskart Solutions Limited experienced a disappointing debut on the stock exchanges on Monday, November 10, 2025, with its shares listing at a significant discount to the initial public offering price. The company's stock opened at Rs 390 per share on the BSE, representing a 2.98% discount to the upper price band of its IPO. On the NSE, the situation was slightly better but still negative, with shares opening at Rs 395, a 1.74% discount.
Sharp Decline in Morning Trading
The weak opening was followed by a substantial crash during morning trading sessions. Lenskart shares plummeted 11.52% on the BSE and 11.41% on the NSE, indicating strong selling pressure from investors. This performance came as a surprise to market observers, particularly given the company's Rs 7,278 crore IPO had received overwhelming response during the subscription period.
IPO Details and Market Response
The eyewear retailer had fixed its IPO price band at Rs 382-402 per share. The massive public offer comprised a fresh issue of 5.35 crore shares aggregating to Rs 2,150.74 crore and an offer for sale of 12.76 crore shares worth Rs 5,128.02 crore. Despite the weak listing, the IPO itself had seen tremendous investor interest, with the overall offer getting subscribed 28.26 times. The qualified institutional buyers portion was particularly oversubscribed at 40.35 times, while retail investors bid for 13.61 crore shares against the 1.8 crore shares available to them.
The significant gap between the strong subscription numbers and the weak listing performance highlights the challenging market conditions and investor sentiment surrounding new listings. Market analysts are closely watching whether Lenskart can recover from this initial setback and deliver value to its shareholders in the coming trading sessions.
