Lenskart’s much-anticipated market debut fell short of expectations, listing at ₹390 — about 3% below its issue price of ₹402. The stock later recovered to trade near its IPO price amid mild buying interest. The muted listing followed a sharp drop in grey market premium and cautious sentiment. Analysts drew parallels with other new-age listings — Paytm’s disappointing debut and Zomato’s later turnaround into a multibagger.