Overview
- Lenskart shares listed below the ₹402 issue price at ₹395 on the NSE and ₹390 on the BSE before recovering to finish slightly higher around ₹404–₹405.
- During the volatile session, the stock fell as much as about 11.5% to roughly ₹355.7 before rebounding, implying an equity value near ₹69,000–₹70,000 crore.
- The offering drew strong demand at 28x overall subscription, combining a ₹2,150 crore fresh issue with an offer-for-sale of about 12.75 crore shares by existing holders.
- Pre-listing sentiment cooled sharply as the grey market premium slid from a peak near ₹108 to around zero to ₹10 heading into the debut.
- Brokerages flagged stretched metrics—cited near 230x P/E and roughly 10x FY25 revenue—urging focus on execution and profitability as proceeds fund store expansion, technology and brand growth.