Lenskart IPO Day 1 GMP Live: Should you apply or skip? Check GMP, key risks and more

As per Investorgain.com, Lenskart Solutions IPO’s latest grey market premium (GMP) stands at Rs 68, updated on October 31, 2025, at 11:59 AM. Based on the upper end of the price band of Rs 402, the estimated listing price is around Rs 470 per share, reflecting an expected gain of 16.92%.

Qualified Institutional Buyers (QIBs) --0.00

Non Institutional Investors(NIIS) -- 0.18

Retail Individual Investors (RIIs) -- 0.79

Employee Reserved -- 0.68

Total - 0.19

According to the RHP, Lenskart's major competitive advantages include its centralized supply chain, direct-to-consumer approach, and strong omnichannel network. The integrated supply and manufacturing system allows the company to efficiently meet store-level demand, minimize operational complexity, maintain consistent quality, reduce costs, and offer a diverse product range - effectively positioning eyewear as a "fast fashion" category.

Dalal Street thrives on surprises, but few have been as dramatic as the sudden rise of Rajendra Kamalakant Chodankar. Once an obscure name in market circles, Chodankar has found himself vaulted into India’s billionaire ranks thanks to an astonishing rally in RRP Semiconductor Ltd. This stock has surged more than 66500 percent in the last 18 months. (Read More)

Qualified Institutional Buyers (QIBs)        -- 0.00

Non Institutional Investors(NIIS) -- 0.13

Retail Individual Investors (RIIs) -- 0.51

Employee Reserved -- 0.46

Total -- 0.13

Meanwhile, the Rs 1,667-crore initial public offering of Orkla India, the company which owns popular packaged food brands MTR, has been subscribed more than four times its offer size (403 percent) on its third and final day of public bidding (October 31) so far. The maiden public issue of the company received bids for around 6.5 crore shares, as against the offer size of nearly 1.6 crore shares, according to data on NSE at 10.36 am. Non Institutional Investors (NII) led the subscription numbers, booking their reserved portion a whopping 12.48 times. Retail investors subscribed their reserved portion 2.65 times. Qualified Institutional Buyers (QIB) have booked 8 percent of the portion kept for them. (Read More)

Qualified Institutional Buyers (QIBs)        -- 0.00

Non Institutional Investors(NIIS) -- 0.05

Retail Individual Investors (RIIs) -- 0.23

Employee Reserved -- 0.14

Total -- 0.06

Peyush Bansal's story began not with a grand success but with a rejection. He had prepared for the prestigious IIT entrance exam during his school days in Delhi, but he couldn't secure a seat. However, he refused to let that setback define him. After much persuasion, his parents agreed to send him to Canada to pursue engineering. Landing in Canada was a cultural shock. He realised that his previous definition of hard work was about to change. With no home and limited funds, he embraced every challenge. Alongside a rigorous engineering course, he worked as a receptionist, often clocking 18 to 20 hours a day. It was during this period, he later reflected, that he truly learned the value of relentless effort. (Read More)

India’s largest organised eyewear retailer has built a compelling omni-channel model and is well-positioned to benefit from market formalisation (Read More)

Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview. (Read More)

Companies that sell directly to consumers need to have global ambitions or they will cease to exist as brands, Lenskart CEO and co-founder Lenskart Peyush Bansal told Moneycontrol in an interview.

Lenskart made a choice to diversify and today, 40 percent of Lenskart’s Rs 6,652 crore revenue comes from markets outside India, including Asia and Europe. (Read More)

Lenskart Solutions Ltd. (LSL), Incorporated on May 19, 2008, is a technology-driven eyewear company with integrated operations across design, manufacturing, branding, and retailing of eyewear products. The company primarily offers prescription eyeglasses, sunglasses, contact lenses, and eyewear accessories. Operating through a direct-to-consumer model, LSL designs and sells a diverse range of products under its own brands and sub-brands. (Read More)

In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job." (Read More)

Early backers and promoters of Lenskart Solutions Ltd are set to reap substantial gains as the eyewear retailer gears up for its much-anticipated initial public offering (IPO). The company has fixed its price band at Rs 382–402 per share, valuing the firm at around Rs 69,676 crore at the upper end. The IPO opens for subscription on October 31, with anchor investors bidding on October 30. The issue will close on November 4, followed by the basis of allotment on November 6, refunds and share credits on November 7, and listing on November 10. (Read More)

Eyerwear retailer Lenskart's Rs 7,278-crore initial public offering (IPO) is set to open for public subscription on October 31 and close on November 4. At a price band of Rs 382-402 per share, the company seeks a valuation of around Rs 70,000 crore. This implies a profit to earnings (P/E) ratio of 230. Lenskart CEO Peyush Bansal was asked during an interview with CNBC-TV18 about the company's valuation. Even if the company triples its profits over the new few years, it will still have a P/E ratio of 70, which is still considered to be expensive, the news channel said, while asking how much value was left for the investors aiming to invest in the company now. (Read More)

There is an inner game to IPO pricing that almost nobody understands, including the guys doing the IPO pricing. In fact, even I did not understand this up until 2022, despite having been a Category 1 Merchant Banker for 30 years, which shows you how loose merchant banking licensing standards are. The story starts with the IPO of Paytm, the fintech run by Vijay Shekhar Sharma, which has been a great story of a man starting out extremely small and building something quite astonishingly big, in market capitalisation terms, for sure. Now, the company went public at a IPO market capitalisation of around Rs 1.4 lakh crore. (Read More)

According to the Red Herring Prospectus (RHP), the company faces several crucial risks. It depends heavily on raw materials, which form a major part of its expenses — Rs 467.34 crore (25.45%) in Q1 FY2025 and Rs 1,622.97 crore (24.52%) in FY2025—with a portion sourced from China through its joint venture, Baofeng Framekart Technology Limited. Any supply chain disruptions could affect its operations and financial performance. Moreover, medical advancements such as LASIK and SMILE surgeries could reduce the demand for corrective eyewear, particularly in emerging markets.

The company has set the price band for the public issue at Rs 382-Rs 402 per share, with a lot size of 37 shares per lot.

Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are the book-running lead managers for the public issue, while MUFG Intime India Pvt. Ltd serves as the registrar.

If the Nifty 50 stays below 26,000, the consolidation may continue with support at 25,800–25,700, followed by 25,500 as a crucial support level. However, climbing decisively above 26,000 can open the door for the 26,100–26,300 zone, according to experts. (Read More)

The company plans to use the funds raised from the public issue to open new CoCo stores across India, invest in technology and cloud infrastructure, boost brand marketing and promotions, and pursue potential inorganic acquisitions. The remaining proceeds will go towards general corporate purposes.

Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi are among the promoters selling shares, while investors such as Schroders Capital Private Equity Asia Mauritius Ltd and PI Opportunities Fund II, among others, will offload their holdings through the Offer for Sale (OFS).

Reliance, BEL, V2 Retail, MTAR, Associated Alcohols, Swiggy, Bandhan Bank, Manappuram, TD Power, United Spirits, Welspun Corp, Lodha in focus on 31 October (Read More)

T. Rowe Price International Discovery Fund (3.11%), SBI Focused Fund (3.06%), Government of Singapore (2.97%), and Goldman Sachs India Equity Portfolio (2.6%) were among the largest participants in the anchor round.

The public issue attracted several marquee anchor investors, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential, Government of Singapore, BlackRock, Fidelity Group, T. Rowe Price International, New World Fund, Kotak Mutual Fund, Nomura India, Axis Mutual Fund, Aditya Birla Sun Life, Government Pension Fund Global, Steadview Capital, Goldman Sachs, JPMorgan, and HSBC.

Over the past three years, Lenskart's revenue has expanded at an annual rate of over 30%, while EBITDA has recorded an impressive growth of more than 90% per year, underscoring the company's strong operational performance.

Following the IPO, Lenskart's promoter holding is expected to fall from 19.9% to 17.7%, as part of the equity dilution in the public issue.

Billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has purchased Lenskart shares worth Rs 90 crore in a separate pre-IPO transaction, reflecting growing institutional and high-net-worth interest in the company.

Ahead of its public issue, SBI Mutual Fund has invested Rs 100 crore in Lenskart Solutions Ltd, valuing the eyewear company at approximately USD 7.7 billion. The move marks a major pre-IPO investment by one of India's largest domestic fund houses.

Shares of eyewear retailer Lenskart Solutions Ltd are trading at a 12% premium in the grey market - an informal space where IPO shares are bought and sold before allotment and continue to trade until listing day. Investors closely monitor the grey market premium (GMP) to assess potential listing gains.

The IPO premium has now eased to Rs 48, down from Rs 108 a few days ago, against the issue price of Rs 402 per share. While the stock is still expected to deliver moderate listing gains, the drop in GMP indicates a cooling investor sentiment ahead of its market debut.

The equity shares of Lenskart Solutions Ltd will be listed on both the BSE and NSE, with the tentative listing date set for November 10, 2025.

The company has set the price band at Rs 382 to Rs 402 per share. At the upper end, Lenskart plans to raise Rs 7,278.02 crore, comprising a fresh issue of 5.35 crore equity shares worth Rs 2,150 crore and an offer for sale (OFS) of 12.76 crore shares totaling Rs 5,128.02 crore.

Lenskart is India's largest and among the top two players in Asia in the organized retail segment for prescription eyeglasses, based on B2C sales volumes.

Eyewear retailer Lenskart Solutions Ltd has opened its initial public offering (IPO) today, aiming to raise over Rs 7,200 crore from the primary markets. The issue will remain open for subscription until November 4.