Lenskart IPO Debut Falls Below Expectations
The much-awaited Lenskart IPO debuted on the Indian stock exchanges today, listing at a discount of 1.74% on the NSE and BSE. Shares of Lenskart Solutions Ltd opened at Rs 395 per share, compared to the IPO price of Rs 402, disappointing investors who were expecting listing gains based on earlier market buzz.
Despite the strong subscription numbers during its initial offering, Lenskart’s share price today reflected broader investor caution amid weakening grey market premium (GMP) and concerns over its high valuation.
IPO Details and Market Response
The Lenskart IPO aimed to raise Rs 7,278 crore through a combination of fresh issue and offer for sale, with a price band of Rs 382–402 per share. The issue saw robust participation from qualified institutional buyers and retail investors alike.
However, ahead of the listing, the Lenskart IPO GMP dropped drastically — from a high of Rs 108 to just Rs 30 per share, representing a 70% decline in unofficial market enthusiasm. Analysts attributed this sharp fall to valuation worries and profit-booking by early investors.
The Lenskart IPO listing date was November 8, 2025, with trading commencing at 10:00 AM, marking one of the most anticipated debuts of the year.
Why the Lenskart Share Listed at a Discount
Despite being a leading player in the eyewear retail segment, Lenskart’s valuation has been a point of contention. The company’s market capitalization at listing stood around Rs 95,000 crore, making it one of India’s most valuable consumer-tech IPOs in recent years.
Analysts from Moneycontrol and Economic Times noted that the stock’s muted debut was influenced by:
- High valuations compared to other retail peers.
- Falling GMP levels in the grey market prior to listing.
- Profit-taking sentiment among short-term investors.
While some market experts believe the IPO was “overpriced”, others suggest that the long-term growth prospects of Lenskart — driven by its strong omnichannel presence and international expansion — could justify the premium valuation.
Lenskart GMP Today and Investor Sentiment
As of the listing day, the Lenskart GMP today hovered between Rs 25–30, signaling a possible listing around the IPO price. Investors tracking the grey market had already anticipated a modest start, especially after early market reports indicated a sharp correction from previous highs.
Market expert Ravi Singh, in his latest IPO analysis, said:
“The fall in Lenskart’s GMP ahead of listing clearly shows that short-term momentum has weakened. However, given the brand strength and growing eyewear market in India, long-term investors could see steady gains.”
Lenskart IPO Price Performance and Outlook
Post-listing, Lenskart share price traded between Rs 392 and Rs 402 on the BSE, with moderate volumes. While initial reactions were lukewarm, analysts remain divided over the stock’s medium-term potential.
Some brokerage firms have advised a “hold” strategy, citing the company’s strong fundamentals and future growth potential, while others have cautioned about possible near-term volatility as the market adjusts to its valuation.
Investors are now keenly watching the Lenskart share price today to see if it stabilizes or rebounds after early trading sessions.
Long-Term Growth Story
Founded by Peyush Bansal, Lenskart has revolutionized India’s eyewear retail market through its online-to-offline model, affordable pricing, and AI-driven product recommendations. The brand operates over 2,000 stores across India and has expanded into international markets like Singapore, the UAE, and the UK.
Experts believe that the company’s robust digital infrastructure and focus on innovation could help it sustain growth momentum despite current market challenges.
Final Verdict
Although Lenskart’s IPO listing price failed to meet high investor expectations, the company’s fundamentals remain strong. The Lenskart share may face short-term fluctuations, but analysts project a positive long-term trajectory driven by rising eyewear demand and expansion into new geographies.
Investors are advised to monitor the BSE share price and grey market movements before making new entries.
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