Published 7 days ago • loading... • Updated 5 days ago

SoftBank-backed Lenskart wobbles after volatile debut despite oversubscribed IPO

After a soft start on Monday, Lenskart, the Indian eyewear firm, recovered to finish slightly above the offer price following its 72.8 billion IPO on the NSE and BSE.
The IPO structure, which aimed to raise funds through a fresh issue and an offer for sale, priced the Rs 7,278.76-crore IPO in the Rs 382-Rs 402 band and saw 28-times subscription during the October 31-November 4 bidding window.
Trading showed volatility, with the stock opening at �395, sliding 11% to �356.10, then recovering to close at �404.55.
Debate centered on valuation after listing, with the proposed valuation metric of about 230 times core net profit and roughly 10 times revenue, fueling debate among retail investors and social media, as the closing valuation was about �72.8 billion.
Lenskart says it will deploy proceeds to expand new stores, strengthen supply chain and retail infrastructure, amid a rising Indian startup IPO pipeline including Groww and Pine Labs.

Insights by Ground AI

18 Articles

TechCrunch

Reposted by

BizToc

Center

Lenskart recovers from tepid open to close first day slightly above IPO price

Lenskart's public listing stirred debate over the nearly $8 billion valuation set in its IPO.

5 days ago·United States

Read Full Article

CNBC

Center

SoftBank-backed Lenskart wobbles after volatile debut despite oversubscribed IPO

One of India's most storied startup, Lenskart, listed on the exchanges today but its debut did not live up to the hype.

5 days ago·United States

Read Full Article

India Today

Lean Right

Lenskart shares list at 3% discount: Should you sell or hold?

The stock opened at Rs 395 on the National Stock Exchange (NSE), lower than the issue price of Rs 402. On the BSE, it listed at Rs 390, marking a discount of 2.98%.

5 days ago·India

Read Full Article

Indian Express

Lean Left

Lenskart Share Price LIVE: Stock lists at ₹395, 1.7% below issue price of ₹402

Lenskart Solutions IPO Listing Price, Share Price Live Updates: The stock opened at Rs 395 on the National Stock Exchange of India, lower than the issue price of Rs 402.

6 days ago·India

Read Full Article

Live Mint

Center

Lenskart Share Price LIVE: Lenskart shares recover from 11% fall after weak debut. Should you buy or sell?

Lenskart Share Price LIVE: Lenskart share price as lited at a 3% discount to the issue price on BSE, despite a strong momentum in the Indian stock market today. Lenskart IPO listing date was today, November 10, and the shares are listed on the BSE and NSE.

6 days ago·New Delhi, India

Read Full Article

The Hindu Business Line

Lean Right

Share Market Today Live Updates 10 November 2025: Equities trade firm but cautious; FIIs remain sellers, Lenskart debut disappoints

Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 10 November 2025.

6 days ago·New Delhi, India

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year