Lenskart’s initial public offering (IPO) listing saw its shares jump over 6% from the listing price on Friday. The company made its market debut with a listing price of ₹440 per share, but it closed at ₹410.25, a gain of ₹29.75 or 6.8%.
The sharp increase in shares was largely attributed to strong demand from investors, particularly institutional buyers. However, this surge has left many retail investors wondering whether they should buy, hold, or sell their Lenskart shares now.
Lenskart’s CEO Peyush Bansal had a message for investors before the IPO listing: "It’s never about valuation" when it comes to investing in the company. Bansal emphasized that the IPO was not about the valuation of the company but rather about giving its shareholders a chance to grow their investment.
Despite this assurance, Lenskart’s IPO failed to generate significant profits for investors on its market debut. The shares rose sharply during the day, only to fall back later in the evening. This volatility has left many investors wondering if they should stick with their existing holdings or cut their losses and sell.
Lenskart is an e-commerce platform that operates primarily in the optical segment. It was founded by Kishan Malik and Deepak Sharma in 2015, and it has since grown to become one of India’s largest eyewear retailers. The company’s IPO was highly anticipated, given its significant growth prospects.
However, Lenskart’s IPO listing also raised concerns about the company’s valuation. The shares were listed at a discount to the IPO price, which may indicate that investors have some doubts about the company’s growth prospects. Nevertheless, the strong demand from institutional buyers suggests that investors are confident in Lenskart’s ability to grow its revenue and profits.
So, should investors buy, hold, or sell their Lenskart shares now? The answer depends on your investment goals and risk tolerance. If you’re looking for a long-term investment opportunity with significant growth potential, then buying Lenskart shares may be worth considering. However, if you’re looking for a short-term profit, selling the shares now may be a better option.
Ultimately, it’s essential to do your own research and consider your financial goals before making any investment decisions. Consult with a financial advisor or broker if you’re unsure about what to do next.
