India, Nov. 10 -- Shares of omnichannel eyewear retailer Lenskart made a muted debut on the bourses, listing 3% below the issue price at INR 390 apiece on the BSE.

The stock got listed at INR 395 per share on the NSE, marking a discount of 1.74% to the issue price of INR 402.

The stock tanked further after listing and was trading 8.84% below the issue price at INR 366.45 on the BSE at 10:02 IST.

Lenskart's INR 7,278 Cr IPO closed with an oversubscription of 28.26X. The public issue received bids for 281.88 Cr shares against 9.97 Cr shares available for subscription.

The IPO comprised a fresh issue of up to INR 2,150 Cr and an OFS component of 12.76 Cr shares. Institutional investors including SVF II Lightbulb (SoftBank), Schroders, PI...