Lenskart’s quiet market debut signals cautious IPO sentiment

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 per share on the NSE, a 1.74% discount to its IPO price. On the BSE, the stock was listed at Rs 390 apiece, a discount of nearly 3%.

The stock declined as much as 12% in the first few minutes to hit a low of Rs 356 a piece. However, it made a recovery, hitting an intraday high of Rs 413.75, and settled with a gain of 0.27% at Rs 403 apiece.