Market expert Dhananjay Sinha offers a word of caution on the Lenskart IPO, which sailed through on its opening days. Speaking to Business Today, Sinha says, 'My recommendation to investors will be to look at how things pan out.' While acknowledging the participation of marquee names like Radhakrishna Damani ahead of the public issue, he advises investors to wait for the price to settle post-listing. Sinha points out that the real value will be discovered only after the stock lists, and that there are other established companies in the market available at cheaper valuations. The discussion also covers the general euphoria in the IPO market, where high subscription levels have not always translated into strong returns for initial investors.

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