Lenskart Shares Debut at 3% Below Issue Price on NSE and BSE – What’s Next for Investors?
Analysts have questioned the Lenskart stock listing pointed out that it is “investor unfriendly” as it issues only three-month warrants with no cash component in ESOPs. The stock performance during the listing session disappointed some retail investors who had bid at the upper cut-off of ₹402. At ₹402, the issue was priced at a 24% premium to its initial Lenskart share price band of ₹325- ₹357.
In August, the company opened up its equity to investors via a public issue. The Lenskart NSE BSE update was priced in the range of ₹325- ₹357 per equity share with a total size of ₹2,778 crore, while existing shareholders offered a 24% stake to investors in the offer for sale (OFS) of ₹1,500 crore, according to an ET report….
