Much-talked-about Lenskart made a weak debut on Monday, listing at a discount of 1.74 per cent to the issue price. The stock opened at Rs 395 per share on the exchanges, against the IPO issue price of Rs 402, resulting in a loss of Rs 7 per share for IPO investors on listing. Soon after listing the share at Rs 356, down approximately 10 per cent.

The company's public issue was subscribed 28.3 times, led by strong participation from institutional investors (18.2x), followed by Qualified Institutional Buyers (23.79x) and retail investors (7.5x).

Despite the robust subscription numbers, the IPO had faced criticism from market participants over high valuation concerns, which appear to have weighed on investor sentiment during its market debut.

Earlier in an exclusive conversation with ANI

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