India, Nov. 10 -- Lenskart Solutions Ltd. listed at a discount today, underscoring the investor concerns over the pricey valuations of India's largest eyewear retailer.

The Lenskart share price fell as much as 11.51% from its IPO price of Rs.402 apiece to Rs.355.70 on Monday (10 November 2025), according to the BSE website. The stock listed at a discount of 2.98% at Rs.390 to hit a high of Rs.404.80 and a low of 355.70. Earlier, the stock was trading at a Rs.10 premium in the grey market.

The three-day Lenskart IPO was subscribed 28.27 times, despite a price-to-earnings ratio of 238:1-meaning, the company wants its investors to pay Rs.238 for every rupee earned. The QIB portion received 40.36 times demand, reflecting confidence in the c...