Lenskart Solutions, the omnichannel eyewear retailer, made a muted entry on the stock market today (Monday, November 10 2025) with its shares listing at approximately ₹390 apiece on the Bombay Stock Exchange (BSE) — a discount of about 2.98% below its IPO issue price of ₹402. On the National Stock Exchange of India (NSE) the stock opened at roughly ₹395, still below the issue price
The company’s IPO had raised roughly ₹7,278 crore, with the issue subscribed about 28.26 times overall. Despite the strong subscription, investor enthusiasm ahead of listing was tempered as the grey market premium (GMP) collapsed to near zero ahead of the debut, signalling low listing gains.
At the upper end of the price band (₹402), the listing was expected to yield some premium (GMP had indicated ~2-3 %), but the actual performance suggests cautious sentiment.
Broker commentary highlights that while Lenskart’s growth outlook remains positive, the listing valuation appears stretched, and the immediate listing gain has been muted.
In summary, while Lenskart’s public listing marks an important milestone, the subdued debut reflects tempered market expectations and underscores that strong subscription alone may not guarantee listing pop.
