Eyewear retailer Lenskart Solutions Ltd made a weak debut on Indian stock exchanges on Monday, listing at a discount of nearly 3% to its issue price of Rs402 per share, despite robust demand for its Rs7,278 crore initial public offering (IPO). On the BSE, the stock opened at Rs390, down 2.98% from the issue price, while on the NSE, it began trading at Rs395, a discount of 1.74%. The stock came under early selling pressure and slumped more than 11% to an intra-day low of Rs355.70 on the BSE and Rs356.10 on the NSE. However, it later recovered sharply in afternoon trade to hover near its IPO price levels. At the day’s extremes, the stock moved between Rs355.70 and Rs413.80 on the BSE, a swing of nearly 16%. While institutional interest remained strong, short-term investors who en
Lenskart Shares List With 3% Discount, Bounce Back to Trade Near Issue Price
Moneylife2 hrs ago


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