Lenskart IPO Day 2 GMP Live: Check Rs 7.278 crore public offer's second day subscription data, GMP, allotment date and more

Eye-wear retailer Lenskart's initial public offering (IPO) continued to see strong investor interest on its second day of public bidding on November 3, after getting fully subscribed on the day of opening. The Rs 7,278-crore public issue has been booked more than 2 times its offer size (201 percent) on Day 2.

The maiden public issue of the company received bids for more than 20.09 crore shares, as against the offer size of 9.98 crore shares, according to data on NSE. Retail investors led the subscription numbers, booking their reserved portion over 3 times (333 percent).

Qualified Institutional Buyers (QIB) have subscribed the portion kept for them 1.6 times (164 percent), while Non Institutional Investors (NII) have booked their reserved quota nearly 1.9 times (188 percent). Read More

Shares of upcoming initial public offerings (IPOs) by Groww and Pine Labs are trading at a premium of up to 16 percent in the grey market ahead of their issue launches this week, according to market observers.

Billionbrains Garage Ventures, the parent company of online stockbroking platform Groww, has fixed a price band of Rs 95-100 per share for its Rs 6,632 crore IPO. The issue will open for public subscription on November 4 and close on November 7. The bidding for anchor investors will take place on November 3. Read More

Qualified Institutional Buyers (QIBs)        -- 1.63

Non Institutional Investors(NIIS) -- 1.45

Retail Individual Investors (RIIs) -- 2.92

Employee Reserved -- 2.34

Total -- 1.82

As of November 3, 2025 (11:30 AM), the Lenskart Solutions IPO is trading at a GMP of Rs 56, according to the latest update. Based on the upper price band of Rs 402 per share, the IPO's estimated listing price stands at around Rs 458, indicating a potential gain of 13.93% per share.

Qualified Institutional Buyers (QIBs)        -- 1.45

Non Institutional Investors(NIIS) -- 1.23

Retail Individual Investors (RIIs) -- 2.60

Employee Reserved -- 2.11

Total -- 1.60

Wealth-tech firm Groww has received bids worth Rs 50,000 crore from large domestic mutual funds and foreign funds before the IPO opens for public on November 4, according to a couple of banking sources. The anchor book, estimated at around Rs 3,000 crore, has been oversubscribed more than 15 times, with participation from eight out of the 10 large mutual funds, including SBI Mutual Fund, and major US investors such as Sequoia Capital, Dragoneer Investment Group, and Coatue Management. The demand from a mix of Indian and foreign crossover funds underscored the strong demand for one of the India's largest and most profitable fintech startups. (Read More)

Qualified Institutional Buyers (QIBs) -- 1.42

Non Institutional Investors(NIIS) -- 0.92

Retail Individual Investors (RIIs) -- 2.13

Employee Reserved -- 1.72

Total - 1.41

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As of November 1, 2025, 3:54 PM, Lenskart Solutions’ IPO was commanding a grey market premium (GMP) of Rs 85, according to market observers. Based on the upper price band of Rs 402 per share, the estimated listing price stands at around Rs 487, indicating an expected gain of 21.14% per share.

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)

Momentum indicators signaled some caution in the short term, especially after a sharp rally in October. A breakdown below 25,500-25,400 area could strengthen the bears, whereas holding above it amid the current nervousness and consolidation could push the Nifty 50 back toward 25,900–26,000, according to experts. (Read More)

Centralised supply chain and manufacturing efficiency:

Lenskart operates an automated, AI-driven system that ensures cost efficiency, faster delivery, and consistent quality.

\\In-house engineering and product innovation:

Its in-house manufacturing setup allows tighter quality control, quicker product launches, and continuous design innovation.

Direct-to-consumer model:

By eliminating intermediaries, the company offers competitive prices and faster service to customers.

Technology and omnichannel strength:

Lenskart’s AI and automation integrate online and offline channels, delivering a seamless customer experience.

Lenskart sources some of its frames and raw materials from the People’s Republic of China, including through its joint venture Baofeng Framekart Technology Limited. Any delay or disruption in this supply chain could adversely impact the company’s operations, financial performance, and cash flows. Additionally, ongoing legal proceedings involving the company, its directors, promoters, subsidiaries, and key personnel could, if resolved unfavourably, negatively affect its business and financial health.

According to SBI Securities, the IPO deserves a “Subscribe for long term” rating. The brokerage highlighted Lenskart’s strong business model, leadership in an underpenetrated market, and improving profitability as major strengths. While near-term listing gains may be modest, SBI Securities noted that the company’s integrated supply chain, brand strength, and expansion strategy provide significant long-term growth potential.

Lenskart Solutions has set the IPO price band at Rs 382–Rs 402 per share. At the upper end of the range, the company aims to raise Rs 7,278 crore through the issue. Investors can bid in lots of 37 shares, with a minimum investment of Rs 14,874 for retail participants at the upper price band.

Lenskart's Rs 7,278 crore mega IPO entered its second day today, November 3, continuing to attract strong investor interest. The public issue, which opened on Friday, October 31, will remain open for subscription until November 4. Investors are closely tracking the offering, encouraged by the eyewear retailer’s expanding omnichannel presence across India and global markets.