Lenskart Share Price: IPO makes muted debut on BSE, NSE — What should investors do now? Here’s what Anil Singhvi suggests

Lenskart Share Price: Eyewear retailer Lenskart Solutions Ltd made a muted debut on the stock exchanges today, disappointing investors who had expected a strong listing following its blockbuster subscription.

Shares of Lenskart made a weak debut, listing at Rs 390 on the BSE, a 2.99 per cent drop from the upper end of its IPO price band of Rs 382–Rs 402 per share.

On the NSE, the stock opened slightly better but still lower, debuting 1.74 per cent below the issue price.

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Lenskart IPO Details

The Rs 7,278-crore IPO, which was subscribed a robust 28.26 times, saw strong participation across investor categories, led by Qualified Institutional Buyers (QIBs), who subscribed 40.35 times, Non-Institutional Investors (NIIs) at 18.23 times, and Retail Individual Investors (RIIs) at 7.54 times.

Also Read: Hot Subscription, Dull Listing: IPO euphoria fading on Dalal Street? Expert weighs in

Lenskart IPO: What Anil Singhvi Suggests?

Market expert Anil Singhvi said that while the Lenskart IPO received a strong response with 28 times subscription, the listing near or slightly below the issue price was not surprising given current market trends.

He noted that even heavily subscribed IPOs are listing weakly these days. Singhvi reiterated that his advice was for only aggressive, risk-taking investors to invest for the long term, not for short-term listing gains.

He added that if the stock declines further after listing, buying interest could emerge at lower levels, as investors who applied despite negative publicity are in it for the company’s long-term potential.

For now, he suggests short-term investors keep a stop-loss below the issue price, while long-term investors can hold their positions.