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Lenskart lists at 3% discount, stages mild recovery as investors weigh valuation concerns
Lenskart’s IPO opened 3% below issue price at ₹403 but recovered slightly as investors evaluated valuations and long-term growth prospects.
Eyewear retailer Lenskart made its market debut on November 11, 2025, listing at ₹403.10, about 3% below its issue price of ₹410. Initial sentiment remained muted as investors assessed high valuation multiples and tepid grey-market demand. However, late-session buying helped the stock recover marginally toward its listing price. The ₹3,480-crore IPO, featuring ₹3,100-crore fresh issue and an offer for sale, attracted strong anchor participation from domestic mutual funds. Market watchers noted steady secondary-market volumes, indicating selective long-term investor confidence despite a subdued start.