Lenskart IPO GMP remains positive on final day, subscription surpasses 3x

Lenskart IPO: Check latest grey market premium (GMP), subscription status, reviews, allotment date, listing date, and other key details here

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As Lenskart Solutions’ initial public offering (IPO) subscription enters its final day, the grey market premium (GMP) for the eyewear retailer remains firmly in the positive, signaling strong investor confidence.  The company, which launched its first-ever IPO on October 31, is targeting a ₹7,278.02 crore fundraising. The offer comprises a fresh issue of 5.35 crore shares worth ₹2,150 crore and an offer for sale (OFS) of 12.76 crore shares, valued at ₹5,128.02 crore.

Strong demand across investor categories

Despite concerns over potentially stretched valuations, the Lenskart IPO has garnered strong demand, with the offering oversubscribed by 3.29 times as of 11:42 AM on Tuesday.

 

Retail and non-institutional investors (NIIs) are driving the demand, with these categories seeing significant oversubscription on day 3 of the offering. According to NSE data, the NII category has been oversubscribed by 5.53 times, while retail investor demand has surged by 4.58 times.

 

In contrast, qualified institutional buyers (QIBs) have shown more measured interest, with their portion of the IPO oversubscribed by 1.74 times.

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Positive grey market premium signals market optimism

In the grey market, Lenskart shares are trading at ₹461 each, reflecting a premium of ₹59 or 14.68 per cent above the upper end of the ₹402 price band. While this is a positive indicator, the GMP has narrowed from ₹95 (a 23.63 per cent premium) when the IPO opened on October 31, suggesting some cooling of sentiment as the subscription period nears its close.

Brokerages favour long-term outlook

Analysts are generally optimistic about the company's prospects, with several brokerage firms offering positive views. Reliance Securities and SMIFS have recommended subscribing to the IPO, while Choice Institutional Equities and SBI Securities have highlighted the long-term potential, suggesting investors "Subscribe for the long term." READ MORE

IPO price band and lot size

The Lenskart IPO is priced in the ₹381-402 range, with a lot size of 37 shares. At the upper end of the price band, a retail investor would need ₹14,874 to subscribe for the minimum lot of 37 shares. The maximum allotment of 13 lots (481 shares) would require an investment of ₹1,93,362.  ALSO READ | Check Orkla India IPO allotment status, GMP, listing date

Allotment and listing timelines

The subscription period for the Lenskart IPO closes today, November 4, 2025, with the basis of allotment expected to be finalised on November 6.  The listing of Lenskart shares is scheduled for Monday, November 10, 2025, on both the BSE and NSE.

 

While the company will not receive any funds from the OFS portion of the offering, the proceeds from the fresh issue will be allocated towards capital expenditure for expanding its network of company-owned stores, lease and license payments, investments in technology and cloud infrastructure, brand marketing, and potential acquisitions, in addition to general corporate purposes.