Lenskart shares make weak debut on bourses, recoup losses to edge greater

Shares of eyewear retailer Lenskart Solutions made a weak market debut on Monday (November 10, 2025), itemizing with a reduction of three% towards the difficulty value of ₹402.

The inventory started buying and selling at ₹390, down 2.98% from the difficulty value on the BSE. Later, it plunged 11.52% to ₹355.70, earlier than rebounding to commerce at ₹403.80 apiece, up 0.44%.

On the NSE, the shares listed at ₹395 apiece, a reduction of 1.74%, and dropped 11.41% to ₹356.10 earlier than recovering to commerce at ₹404, up 0.5%.

The firm’s market valuation stood at ₹69,091.21 crore on the NSE.

The preliminary public provide of eyewear retailer Lenskart Solutions Ltd acquired 28.26 instances subscription on the ultimate day of the share sale on Tuesday, led by institutional consumers.

The ₹7,278 crore Initial Public Offering (IPO) had a value band of ₹382-402 per share.

The IPO has a contemporary concern of shares value ₹2,150 crore and an Offer-for-Sale (OFS) of 12.75 crore fairness shares by promoters and traders.

Lenskart proposes to make use of the proceeds from the IPO for strategic initiatives, together with capital expenditure to arrange new company-operated, company-owned (CoCo) shops in India, and funds beneath lease, hire, and licence agreements for these CoCo shops.

Investments in expertise and cloud infrastructure, model advertising and enterprise promotion to reinforce model consciousness, potential unidentified inorganic acquisitions, and common company functions had been a few of the different targets acknowledged by the agency.

In the pre-IPO funding spherical, SBI Mutual Fund invested ₹100 crore in Lenskart, whereas Radhakishan Damani, founding father of Avenue Supermarts (DMart), invested round ₹90 crore.

The firm, one in all India’s largest omni-channel eyewear retailers, presents a variety of prescription eyeglasses, sun shades, and make contact with lenses via its on-line platform and retail community.

Founded in 2008, Lenskart began as a web-based eyewear platform in 2010 and opened its first bodily retailer in New Delhi in 2013.

The firm has a presence throughout metro, tier-1, and tier-2 cities, in addition to worldwide operations in Southeast Asia and the Middle East.