Lenskart IPO: From Hype to Reality – Shares Debut Weak but Bounce Back. What Really Happened?
Lenskart IPO
Lenskart IPO made its much-awaited debut on the stock market yesterday, but the excitement quickly turned into confusion for many investors. The eyewear brand, known for its strong online and retail presence, opened below its IPO price, surprising retail investors who were expecting a strong start. However, by the end of the day, the stock regained strength and closed slightly higher. So, was it a failure or just a shaky beginning? Let’s look at the details.
Key Takeaways On Lenskart IPO
- Experts advise caution for new buyers until the price stabilizes.
- Lenskart’s IPO opened below the issue price but recovered by the end of the day.
- High valuation and profit from one-time gains made investors cautious.
- Majority of shares sold by promoters and early investors, not for business growth.
- The company still holds strong fundamentals with steady growth and brand power.
Lenskart IPO The Big Day in Numbers
- IPO Size: ₹7,279 crore (₹2,151 crore fresh issue + ₹5,128 crore offer for sale)
- Price Band: ₹382–402 (final price ₹402)
- Valuation: Around ₹70,000 crore
- Opening Price: ₹390 on BSE (–3%) | ₹395 on NSE (–1.7%)
- Day Low: Down 11% intraday
- Closing Price: ₹404.55 on NSE (+0.6%)
- Volume: More than 11 crore shares traded
The stock opened weak but managed to recover in the second half, ending the day with a small gain.
Why Did the Grey Market Lose 95% Value?
Just two weeks before listing, the grey market premium (GMP) suggested a 25–30% gain on debut, with investors ready to pay ₹100–120 extra per share. But by November 9, the GMP nearly disappeared. Here’s why the sentiment flipped:
- The broader market became cautious after a series of pricey IPOs.
- Investors were alarmed by a high valuation of 235 times earnings.
- ₹167 crore profit for FY25 came from a one-time gain, not core operations.
- Around 70% of IPO shares came from promoters and venture capitalists exiting.
Lenskart IPO Market Buzz and Investor Sentiment
The listing sparked mixed reactions on social media. Memes flooded platforms with lines like “Investors forgot their glasses”, while others compared it to “another Paytm moment.” Posts discussing Lenskart’s valuation attracted over 60,000 views. Still, a few voices pointed out that the recovery showed resilience and potential for long-term growth.
Trending tags: #LenskartIPO, #Overvalued, #GMPcrash, #RetailTrapped
Lenskart IPO The Bright Spots Investors Still Notice
Despite the cautious mood, several factors keep investor faith alive:
- Strong brand presence: Over 2,700 stores in India and 650+ abroad.
- Omnichannel reach: Smooth experience both online and offline.
- Tech innovation: AI-powered glasses to launch in December 2025.
- Consistent growth: Revenue up 32% year-on-year with profitability achieved.
- Global investor backing: BlackRock, GIC, and Fidelity were part of the anchor round.
- Peyush Bansal’s leadership: His emotional note calling the listing “Day Zero” won investor trust.
Lenskart IPO The Concerns That Can’t Be Ignored
Even with positives, investors are cautious due to these concerns:
- Expensive valuation: 12 times sales and 68 times EBITDA, higher than Titan Eye+.
- Promoter moves: Peyush Bansal bought at ₹52 and sold near ₹402.
- Heavy selling pressure: More exits than funds raised for business expansion.
- Thin profits: Without the one-time gain, margins remain at 1.9%.
Lenskart IPO What Should Investors Do?
If you got an allotment, short-term traders can consider exiting on further rise. Long-term investors may hold, depending on future performance. For new buyers, analysts like Ambit suggest waiting, with a fair value estimate near ₹337.
The lesson is simple when hype meets high valuation, listings can be risky.
Lenskart IPO Bottom Line
Lenskart’s debut was far from the celebration many expected, but it wasn’t a disaster either. The stock showed strength after a weak start and ended positive. The message from the market is clear: investors like the company, but they are not ready to pay any price for it.
Whether Lenskart proves its worth through sustained growth and real profits will be clear only in the coming quarters.
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