Archive · 10 Nov 2025
Lenskart Shares List at Discount on BSE, NSE Despite Strong IPO Subscription
Lenskart, a company that sells glasses and contact lenses, recently started selling its shares on the stock market.
Even though a lot of people wanted to buy its shares, causing the sale to be very popular, the shares didn't do very well when they first started trading.
They were worth a little less than the price the company originally set for them.
Some people who study the stock market think this happened because they believe Lenskart might be valued too high for how much money it makes.
Others believe that Lenskart has a strong brand and good potential to grow in the future.
The company raised a lot of money from selling shares, including a large amount from big investors before it even started trading on the market.
This money will be used to open more stores and improve its technology.
Now, everyone is watching to see how the company's stock will perform over time.
Lenskart shares debuted on the BSE and NSE at a discount to their IPO price of ₹402.
The stock opened at ₹390 on the BSE and ₹395 on the NSE, and fell further in early trade.
The ₹7,278-crore IPO included a fresh issue and an offer for sale (OFS) by promoters and investors.
The IPO was heavily oversubscribed, receiving bids for 28.26 times the shares offered.
Market analysts cited valuation concerns and profit-booking as reasons for the weak listing, despite Lenskart's growth prospects.
- Who
- Lenskart Solutions Ltd, promoters, investors, anchor investors, and market analysts.
- What
- Lenskart's shares debuted on the stock exchanges (BSE and NSE) at a discount to their IPO price, despite strong subscription figures.
- When
- November 10, 2025
- Where
- Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
- Why
- The subdued listing was attributed by some analysts to valuation concerns and potential profit-booking, contrasting with the strong demand observed during the IPO.
Positive Aspects (Strong Subscription & Growth Potential)
Concerns (Subdued Listing & Valuation Worries)
IPO Performance vs. Listing Performance
Positive Aspects (Strong Subscription & Growth Potential)
The Lenskart IPO was heavily oversubscribed, with a subscription rate of 28.26 times across all investor categories. The company also secured significant funding from anchor investors, raising ₹3,268.36 crore from prominent financial institutions.
Concerns (Subdued Listing & Valuation Worries)
Despite strong IPO demand, Lenskart's shares debuted on the BSE at ₹390 and NSE at ₹395, both below the IPO price of ₹402. The stock further declined in early trade, indicating weak post-listing investor sentiment.
Analyst Viewpoints on Valuation and Prospects
Positive Aspects (Strong Subscription & Growth Potential)
Market analysts acknowledge Lenskart's strong brand recall and growth prospects within India's organized eyewear market. Some investors have valued the company highly based on these factors.
Concerns (Subdued Listing & Valuation Worries)
Some market analysts, such as Ambit Capital, have expressed concerns about valuation, citing a disconnect between the company's growth prospects and its return ratios. Ambit Capital initiated coverage with a 'sell' rating.
- Company
- Lenskart Solutions Ltd
- Listing Date
- November 10, 2025
- Stock Exchanges
- BSE and NSE
- IPO Price
- ₹402 per share
- Opening Price (BSE)
- ₹390
- Opening Price (NSE)
- ₹395
- Total IPO Raised
- ₹7,278 crore
- IPO Subscription
- 28.26 times
Sources
Stock investors don't need babysitting. If you find an IPO unattractive, don't invest
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