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The shares of Lenskart made a weak market debut on November 10, listing at a discount of nearly 3 percent over its IPO price at Rs 390 apiece on BSE.
This comes despite the Rs 7,278-crore IPO seeing strong investor interest during its three days of public bidding, being subscribed more than 28 times its offer size.
Ambit Capital on Lenskart:
Ambit Capital had issued a 'Sell' call on Lenskart shares, even before the stock made its much-anticipated market debut. This is a rare occasion when a brokerage issued a ‘Sell’ call on a stock even before it hit the stock markets.
The brokerage kept a target price of Rs 337 apiece for the shares of the popular ey

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