Lenskart IPO 2025: From Hype to Listing Dud—3 Key Reasons

Rich valuation versus earnings, tepid subscription from institutions and retail, and soft grey-market signals led Lenskart’s touted blockbuster to list weak in 2025. The article explains pre-IPO hype, pricing strategy, demand-supply imbalance, and what the debut means for Indian tech IPOs, investor sentiment, and upcoming listings amid volatile markets. It assesses retail allocation, anchor exit risk, and near-term valuation reset.