Lenskart Solutions Ltd’s highly anticipated IPO made a subdued entry on November 10, 2025, listing at a 3% discount to its issue price despite massive subscription demand. The eyewear giant, backed by founder Peyush Bansal, opened at ₹395 on the NSE and ₹390 on the BSE against the ₹402 upper band, reflecting investor caution in a volatile market. This **Lenskart IPO debut** story highlights the disconnect between pre-listing buzz and reality, with shares dipping up to 10% early before recovering 5-6% intraday.
The ₹7,278 crore IPO (₹2,151 crore fresh issue + ₹5,128 crore OFS) was a blockbuster, subscribed 28.26 times overall—QIBs at 64x, NIIs at 17x, and retail at 2.5x. Priced at ₹382-₹402, it valued the company at ₹29,000 crore post-issue. However, the flat debut stemmed from overhyped valuations (P/E 100x FY25 earnings), profit booking, and broader market jitters. Lenskart’s FY25 turnaround—₹297 crore profit vs. ₹10 crore loss in FY24, with 23% revenue growth to ₹6,653 crore—was strong, but one-off gains and competition from Titan Eyeplus tempered enthusiasm. GMP crashed 95% to ₹10, signaling the shift from frenzy to fundamentals.
X sentiment mirrors the disappointment: Users quipped, “Bought specs for better vision, IPO for returns—both 0 power!” (from @sanvai’s post), with memes on “blurred” gains. Yet, optimists like @FortuneIndia noted, “Day Zero of Lenskart’s public journey,” praising its omni-channel model (1,000+ stores, 20M+ customers). Shares traded at ₹406 by midday, up 3% from lows, with volumes at 10.75 crore shares—hinting at long-term potential in India’s $10B eyewear market.
Should Investors Buy, Sell, or Hold After Lenskart IPO Debut?
- Buy (Long-Term Play): If you believe in 25% CAGR growth—global expansion to 5,000 stores by 2030 could double revenue. Target ₹500 in 12 months.
- Sell (Short-Term): If holding for quick flips—take profits at ₹410+ amid volatility; avoid if under ₹380.
- Hold (Watchlist): Track Q3 results; P/E at 100x is steep, but EBITDA margins at 18% signal stability.
The **Lenskart IPO debut** underscores 2025’s IPO lesson: Hype meets scrutiny. With e-commerce at 40% of sales, it’s positioned for digital eyewear trends, but execution is key. What’s your move—buy the dip or pass?
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