Eyewear retailer Lenskart Solutions Ltd made a muted debut and experienced hightened volatility on Monday, listing at discount compared to its issue price of ₹402 per share.

The stock opened at ₹390 on the BSE , reflecting nearly 3 per cent discount, while on the NSE , it debuted slightly higher at ₹395 (1.7 per cent discount).

After moderating between ₹356.10 and ₹413.80, it settled at ₹403.10 and at ₹403.30 on the NSE and BSE, respectively.

Market analysts attributed the weak listing to valuation concerns and profit-booking by short-term investors, despite Lenskart’s strong brand recall and growth prospects in India’s organised eyewear market.

According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, the tepid debut indicated muted response despite strong brand visi

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