Trading
Dull debut for Lenskart! Shares slip 3 percent below issue price despite massive hype
Mumbai/IBNS: Lenskart Solutions experienced a dull start to its trading journey at Dalal Street on Monday as the stocks were listed at three percent discount to IPO price, media reports said.
On BSE, the eyewear retailer was listed at Rs. 390, 2.99% discount over its issue price of Rs. 402 per piece.
On NSE, the stocks started trading at a 1.74% discount over its issue price of Rs. 395 per piece.
Ahead of its debut, the company had witnessed a sharp fall in its Grey Market Premium (GMP).
GMP, which had shot up to Rs. 120 on October 26, crashed in the following days to slip into Rs. 14.50-15 on November 7 and further to Rs. 6.50 on November 9, the last day before the debut.
The share prices fell 10 percent soon after the listing though it registered some recovery later.
Expressing concerns over the stocks, market guru Vijay Kedia told Financial Express, "Lenskart’s valuations look quite expensive to me, and I’m not a buyer at any price. Remember, no position is also a position."
Calling the stock overpriced, market expert Ambareesh Baliga told the daily, "Lenskart is overpriced and overhyped – so in the short term, anything is possible – it could open at a premium because the stakes are high, especially reputation risk, but sustaining it could be difficult. In case it opens at a discount, we could see some panic selling."
Lenskart Solutions Ltd (originally incorporated as Valyoo Technologies Pvt Ltd on May 19 2008) changed its name to Lenskart Solutions Private Limited in 2015, and converted to a public limited company in 2025.
They operate across the value chain — from design and manufacturing (including lens production) to retail distribution.
The eyewear market in India is projected to grow at a strong pace as vision correction needs rise and organised eyewear channels expand.
According to recent reports, Lenskart turned profitable in FY25.
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