### Lenskart's IPO: A Volatile Market Debut Amid High Expectations Lenskart, a prominent eyewear retailer in India, made its much-anticipated debut on the stock exchanges on November 10, 2025. Despite a robust initial public offering (IPO) that was oversubscribed by 28 times, the company's shares opened at a discount, leading to a tumultuous trading day. The shares initially listed at ₹395 on the NSE and ₹390 on the BSE, both below the issue price of ₹402, reflecting a 3% drop. This disappointing start raised concerns among investors about the company's valuation and market sentiment, especially given the high expectations surrounding the IPO [https://www.cnbc.com/2025/11/10/softbank-backed-lenskart-volatile-debut-oversubscribed-ipo-peyush-bansal-bse-nse-eyewear-india-shark-tank.html][https://gulfnews.com/business/markets/much-talked-about-lenskart-ipo-opens-in-loss-at-rs-395-per-share-against-issue-price-of-rs-402-1.500339992]. ### Breakdown of Lenskart's IPO Performance and Market Reaction 1. **Initial Listing and Price Movement**: - Lenskart shares opened at ₹395 on the NSE and ₹390 on the BSE, marking a 3% decline from the IPO price of ₹402 [https://www.bhaskarenglish.in/business/news/lenskart-ipo-story-piyush-bansal-founder-success-136382431.html]. - The stock experienced significant volatility, dropping as much as 11.5% during the day before recovering slightly to close at ₹403.3, just above the issue price [https://www.fortuneindia.com/markets/ipo/lenskarts-muted-market-debut-the-most-awaited-ipo-turns-the-worst-performing-large-public-issues-of-2025/128036]. 2. **Investor Sentiment and Market Concerns**: - The IPO was heavily subscribed, indicating strong demand; however, the initial drop raised questions about investor confidence and market conditions [https://newsblare.com/finance/lenskart-shares-list-at-discount-despite-28x-oversubscribed-ipo]. - Analysts pointed to the company's high valuation of ₹70,000 crore ($7.7 billion) and a price-to-earnings (P/E) ratio of around 237 as potential factors contributing to the weak debut [https://www.outlookbusiness.com/markets/lenskart-shares-list-at-3-discount-amid-valuation-concerns]. 3. **Market Context and Future Outlook**: - Lenskart's debut is seen as one of the worst-performing large IPOs of 2025, prompting discussions about the sustainability of such high valuations in the current market environment [https://www.ibtimes.co.in/lenskart-ipo-debut-falls-flat-shares-slip-11-below-issue-price-892203]. - The company's CEO, Peyush Bansal, emphasized that Lenskart was built to reach people rather than merely achieve a specific valuation, suggesting a long-term vision despite short-term market fluctuations [https://www.thehindubusinessline.com/markets/lenskart-sees-subdued-debut-below-402-ipo-price-on-nse-bse/article70261488.ece]. ### Summary of Lenskart's IPO Debut and Market Implications In conclusion, Lenskart's IPO debut was marked by significant volatility and a disappointing opening price, despite strong demand during the subscription phase. The initial trading day saw the stock open below its issue price, leading to a drop of over 11% at one point before a slight recovery. 1. **Key Findings**: - **Weak Opening**: Shares opened at a discount, reflecting investor caution [https://www.outlookmoney.com/invest/equity/lenskart-solutions-ipo-eyewear-retailers-shares-make-weak-debut-with-over-1-discount-on-nse]. - **High Valuation Concerns**: The company's lofty valuation raised eyebrows among analysts and investors alike [https://www.outlookbusiness.com/markets/lenskart-shares-list-at-3-discount-amid-valuation-concerns]. - **Future Outlook**: The CEO's comments suggest a focus on long-term growth rather than immediate market performance [https://www.thehindubusinessline.com/markets/lenskart-sees-subdued-debut-below-402-ipo-price-on-nse-bse/article70261488.ece]. Overall, while Lenskart's IPO was met with high expectations, the market's reaction indicates a need for cautious optimism as the company navigates its future in a competitive landscape.