SoftBank-backed Lenskart falls 1.7% in India trading debut

First-day drop comes after eyewear retailer valued with P/E ratio of over 500 times

Lenskart's valuation in the initial public offering gave the company a price to earnings ratio of over 500 times. © Reuters

SOUMYAJIT SAHA

November 10, 2025 13:37 JST

Updated on November 10, 2025 20:06 JST

MUMBAI -- Shares of India's largest eyewear retailer Lenskart Solutions debuted on the main Indian bourses on Monday, listing 1.7% lower than their initial public offering price, after the company's 72.8 billion rupees ($821 million) worth of fundraising was oversubscribed more than 28 times last week.