Lenskart stock listing: Despite bumper IPO, shares stumble on D-Street - was it hype or bad timing? Top facts investors should know

On its first day of trading on the stock market, Lenskart’s failed to match the excitement that had built around its IPO in recent weeks. On Monday, the stock listed at Rs 390 on the NSE, entering 3% lower than the issue price of Rs 402. For a company widely regarded as one of India’s most promising consumer-tech names and heavily discussed ahead of listing, the muted debut came as a disappointment. The eyewear platform entered the market with a valuation of around Rs 70,000 crore. Yet, just before listing, its grey market premium slid from Rs 108 at its peak to zero. The drop reflected a sharp pullback in appetite, suggesting investors were no longer willing to pay a premium even before the shares hit the exchange. Many are left wondering - what went wrong? Was it the timing, or w