Lenskart Share Price LIVE: Peyush Bansal-Led Eyewear Maker Lists At Discount; Stock Recovers After 11% Slide

Lenskart IPO Listing Live Updates: The eyewear retailer listed at a 3% discount on the BSE and 1.7% on the NSE, at Rs 390 and Rs 395 respectively.

Lenskart Solutions is listing on the NSE today. (Photo: NDTV Profit)

Lenskart Solutions lists at a discount on the bourses.

Lenskart Share Price LIVE: Valuations Seen As Excessive

At the current price, Lenskart trades at an implied ~55× FY28E EV/Ebitda for its India business — about 20–30% higher than Trent and Nykaa’s BPC divisions. Ambit argues that such rich valuations are unwarranted, given Lenskart’s lower profitability and capital returns.

Lenskart Share Price LIVE: India Is The 'Dumbest IPO Market', Says Shankar Sharma

Veteran investor Shankar Sharma, Founder of GQuant Investech, minced no words while talking about the Initial Public Offering (IPO) market, labelling India's IPO market as the "dumbest in the history of IPO markets", driven by "dumb money" from retail investors.

Also Read: India Is The 'Dumbest IPO Market', Says Shankar Sharma Amid Lenskart Valuation Debate

Lenskart Share Price LIVE: Pares Listing Losses

Lenskart's share price is currently trading 0.44% higher at Rs 396.75 apiece on the NSE, as of 10:40 a.m.

Lenskart Share Price LIVE: Ambit Sees 20% Revenue CAGR

Lenskart is expected to deliver around 20% revenue CAGR over financial year 2025–2028, led by continued expansion in India and growing global presence through brands like Meller and Owndays. The company’s store count is projected to rise at a 17% CAGR, supported by higher productivity from organised market share gains.

Lenskart Share Price LIVE: Dive Deeper

Get all the details on the Lenskart listing and share price by clicking on the link below.

Also Read: Lenskart Share Price Tumbles After Tepid D-Street Listing

Lenskart Share Price LIVE: Share Price Tumbles 

Share price of Lenskart Solutions slid as much as 9% post listing at a discount on the NSE.

Lenskart Share Price LIVE: Lists At Discount On NSE, BSE

The eyewear retailer listed at a 3% discount on the BSE and 1.7% on the NSE, at Rs 390 and Rs 395 respectively.

Lenskart Share Price LIVE: Profit Is Oxygen, Purpose Is Breath

At Lenskart, we believe profit is oxygen, but purpose is breath, said Bansal.

Lenskart Share Price LIVE: What Latest GMP Indicates

The Grey Market Premium (GMP) for the Lenskart IPO was Rs 10 as of 9:00 a.m. This indicates a potential listing price of Rs 412 (Rs 402 + Rs 10) per share, representing a premium of 2.49% over the upper limit of the price band.

Note: GMP is not an official source of data and is based on speculation. GMP data sourced from Investorgain.

Lenskart Share Price LIVE: 'Fantastic Brand But Tough Math' - Ambit Says Sell

Lenskart has received its first sell rating. Ambit initiated coverage with a target price of Rs 337, implying a 16% downside from the current market price of Rs 402.

While acknowledging Lenskart’s strong brand and growth prospects, the brokerage believes that the company’s capital-intensive business model, muted return ratios, and stretched valuations make the risk-reward unattractive at current levels.

Lenskart Listing LIVE: Not Wearing Glasses, Wearing The Future

Peyush Bansal:

  • Network of automation and AI behind every pair of glasses we make

  • These aren't just glasses that I am wearing, they are the future

Lenskart Listing LIVE: Pre-Open Price On NSE, BSE

Lenskart settles at Rs 390 on the BSE and Rs 395 on the NSE during the pre-open session, versus the issue price of Rs 402.

Lenskart Listing LIVE: Peyush Bansal On Ringing The NSE Listing Bell

To not knowing about the (listing) bell to ringing it today, Peyush Bansal shares that he has come a long way, ahead of the listing at NSE.

Lenskart Listing LIVE: What Brokerages Think

SBI Securities noted that while Lenskart’s leadership in India’s organised eyewear space and its scalable business model are positives, the IPO is priced at demanding valuations which may limit near-term listing gains.

Bajaj Broking highlighted Lenskart’s strong omnichannel network, AI-led manufacturing, and centralised supply chain as key differentiators. However, it also raised concerns about steep valuations in relation to its peers, making the IPO appear expensive.

Lenskart Listing LIVE: Here's The Funds Which Opted For Anchor Allotment — And The Ones That Didn't

21 mutual fund houses and asset management companies including SBI, Kotak, ICICI Prudential, HDFC and Axis collectively netted 35.34% of the anchor portion.

The mutual fund houses which skipped the anchor include Parag Parikh, Nippon India and Tata Mutual fund.

Also Read: Lenskart IPO: These Mutual Funds Have Subscribed And These Haven't

Lenskart Share Price LIVE: Investors Bet On 'Zomato-Like' Growth

"Institutions are looking at Lenskart the same way they looked at IPOs like Zomato, PB Fintech and Nykaa," said Deven R Choksey, founder and managing director of DRChoksey FinServ, a boutique fund and wealth management company.

He said that institutional funds have a "natural demand" for including consumer technology companies in their portfolios, and Lenskart, despite valuation concerns, fits well into addressing that demand.

Lenskart Listing LIVE: IPO Receives Solid Response

Lenskart's Rs 7,278 crore IPO saw strong response from all categories of investors, getting subscribed 28 times overall. The Qualified Institutional Buyers category led the demand, with bids coming in at 40.35 times the allotted quota.

Lenskart Listing LIVE: Built Lenskart To Reach People, Not Valuation, Says Founder

In a LinkedIn post, Peyush Bansal said that the firm's main goal will be market penetration into as many areas in the country as possible. He called the listing day, 'Day-Zero' for the company.

"We didn't build Lenskart to reach a valuation. We built it to reach people - from the heart of Delhi to the smallest towns in the Northeast. To bring precision, design, and joy to something as everyday as eyewear," Bansal wrote in his post.

Also Read: Didn't Build Lenskart To Reach Valuation, Built It To Reach People: Peyush Bansal

Lenskart Share Price LIVE: Eyeware Retailer To Debut On Bourses Today

Lenskart Solutions is all set to hit the stock exchanges today. However, investor sentiment around the listing seems to have taken a hit, with the GMP seeing a drop to Rs 10 ahead of its debut, indicating meagre gains for IPO investors.

Follow NDTV Profit for all the action surrounding the buzzing eyeware-retailer's listing.

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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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