Eyewear retailer Lenskart Solutions Ltd made a tepid debut on stock exchanges on Monday, with its Rs 7,278 crore initial public offering (IPO). The company’s shares were listed at Rs 390 apiece on the BSE, a discount of about 3 per cent to its issue price of Rs 402, while opening slightly higher at Rs 395 on the NSE.

Soon after listing, the stock slipped to an intra-day low of Rs 355.70, down over 9 per cent from the issue price. However, it later recovered sharply in afternoon trade, climbing over 15 per cent from the day’s low to hit an intra-day high of Rs 413.80.

At around 2 p.m., the Lenkarts’ shares were trading flat to their IPO price. The stock was trading at Rs 404.55, up 0.6 per cent from the listing price. Meanwhile, domestic equity indices were trading in positive territory.

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