Lenskart Shares Debut at Discount on NSE, BSE

Shares of Lenskart Solutions Ltd, India's largest omnichannel eyewear retailer, made a subdued debut on the National Stock Exchange and Bombay Stock Exchange on November 10, 2025, listing at a discount to the initial public offering price of Rs 402 per share despite robust subscription demand during the bidding process.

The stock opened at Rs 395 on the NSE, reflecting a 1.74 percent decline from the issue price, and at Rs 390 on the BSE, down 2.98 percent. In early trading, the shares fell further, dropping 11.41 percent to Rs 356.10 on the NSE and 11.52 percent to Rs 355.70 on the BSE. By midday, the stock had recovered somewhat, trading at Rs 404 on the NSE, up 0.5 percent, and Rs 403.80 on the BSE, up 0.44 percent. The company's market valuation reached Rs 69,091 crore on the NSE following the listing.

The Rs 7,278 crore IPO, which closed bidding on November 4 after opening on October 31, was oversubscribed 28.26 times, attracting bids for over 281 crore shares against the 99.7 million shares on offer. Qualified institutional buyers led the demand, subscribing their portion 40.35 times, while non-institutional investors bid 18.23 times and retail investors 7.54 times. The...