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Lenskart made a tepid debut on the stock exchanges today, listing at a discount to its IPO price. The shares of the eyewear retailer opened at Rs 395 per share on the NSE, about 1.7% lower than the issue price of Rs 402, and at Rs 390 on the BSE, down nearly 3%.
The company’s Rs 7,278 crore IPO, which was subscribed around 28 times, had earlier seen strong demand from institutional and retail investors, but the listing failed to follow that enthusiasm.
The stock slipped further in early trade, dropping over 10% below the issue price before…
