Lenskart IPO shows weak debut amid investor caution
pre-market1 source ↓written by the desknot a recommendation
- modest increase
- 0.63%
The weak debut of Lenskart’s IPO raises concerns about overvalued offerings in India’s market. Despite a market cap of ₹70,270.92 cr, shares opened at ₹395 and are currently trading at ₹405.05, a modest increase of 0.63%. Analysts urge a focus on realistic pricing and long-term value in the IPO landscape.
Investor sentiment is shifting as the consumer discretionary eyewear sector, valued at USD 6.6 billion, faces scrutiny over profitability and cash flow delays. 📉
Not investment advice. For informational purposes only.