Lenskart makes a muted market debut, crashes 11% in initial trade
NEW DELHI: Eyewear major Lenskart Solutions shares made a weak stock market debut on Monday, despite its IPO receiving a thunderous response in the primary market. Shares of Lenskart were listed at Rs 395 percent share on the NSE, a 1.74 percent discount to its IPO price.
On the BSE, the stock was listed at Rs 390 apiece, a discount of nearly 3 percent. The company’s market capitalisation post listing of shares stood at Rs 67,660 crore. The stock declined as much as 11% in the first few minutes to hit a low of Rs 356. However, it made a recovery from the lows and hit a high of Rs 404 as of 10.30 am.
