Lenskart IPO fully subscribed on Day 1 amid positive reviews; QIBs lead

Lenskart IPO Day 1 update: Check latest subscription status, grey market premium (GMP), reviews, timeline, and other key details here

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Lenskart IPO Day 1 Subscription update: Backed by favourable reviews from brokerages and strong momentum in the grey market, Lenskart’s maiden share sale sailed through on Day 1 of the IPO period. The technology-driven eyewear retailer aims to raise ₹7,278.02 crore through the public offering.

 

Lenskart has received bids for 10,63,50,506 equity shares as against 9,97,61,257 on offer till 3:20 PM on Friday, October 31, translating to a subscription of 1.42 times. Among investor categories, qualified institutional buyers (QIBs) led the subscription charge, with demand for up to 1.42 times the reserved quantity of shares; followed by retail investors with 1.14 times bids against the portion reserved, while non-institutional investors (NIIs) was booked 31 per cent.    ALSO READ | Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO

Lenskart IPO Grey market trends

Amidst this, unlisted shares of Lenskart continue to command a solid premium in the grey market. Sources tracking grey market trends reported that unlisted shares were exchanging hands at around ₹473 per share, reflecting a premium of ₹71 per share or 17.66 per cent over the upper end of the IPO price band of ₹402 per share.

Brokerage reviews on Lenskart IPO

Notably, the company has garnered broadly favourable reviews from brokerages. Reliance Securities and SMIFS have recommended subscribing to the Lenskart IPO, while Choice Institutional Equities and SBI Securities have rated the offering as “Subscribe for long term.” READ MORE

ALSO READ | Thinking of investing in Lenskart IPO? Don't miss these 10 points from RHP

Lenskart IPO details

The public offering comprises a fresh issue of 53.5 million equity shares aggregating ₹2,150 crore and an offer for sale of 127.6 million shares aggregating ₹5,128.02 crore. The company has set the price band at ₹381-402 per share, with a lot size of 37 shares. At the upper price band, a retail investor would need ₹14,874 to bid for the minimum lot of 37 shares and ₹1,93,362 to bid for the maximum of 13 lots (481 shares).

 

The Lenskart IPO three-day subscription window is tentatively set to close on Tuesday, November 4, 2025. The basis of allotment is likely to be finalised on Thursday, November 6, with successful allottees expected to have shares credited to their demat accounts by Friday, November 7. Shares are slated to make their D-Street debut on Monday, November 10, 2025.

 

While the company will not receive any proceeds from the OFS, the fresh issue proceeds will be used for capital expenditure toward new company-owned stores in India, lease and license payments, investments in technology and cloud infrastructure, brand marketing and promotion, as well as potential inorganic acquisitions and general corporate purposes.