Lenskart IPO opens for subscription; should you apply? Check GMP, other key details

Eyeing to become a global brand

Lenskart IPO opened for public subscription in the primary market today at 10 a.m. The eyewear retailer raised Rs 68,000-crore from anchor investors a day earlier.

The company has fixed a price band of Rs 382–402 per share for the issue, which seeks to raise Rs 7,278-crore and values the firm at over Rs 69,700 crore.

The IPO will remain open for bidding from October 31 to November 4.

Lenskart IPO GMP Today Price 

According to market observers, shares of Lenskart were trading at a premium in the unofficial market ahead of the listing. Data from Investorgain indicated a grey market premium (GMP) of Rs 64 per share, suggesting a potential listing gain of around 16 percent. IPO Watch reported a slightly lower premium of about 12 per cent.

Check All IPO News

Lenskart IPO: Should you subscribe?

Siddharth Maurya, Founder and Managing Director, Vibhavangal Anukulakara Pvt. Ltd, said the Rs 7,000 crore IPO, led by a Rs 2,150 crore fresh issue, reflected strong investor appetite for scalable consumer-tech businesses in India. "With a possible valuation of close to Rs 70,000 crore, its omni-channel model and international expansion are clear differentiators. However, investors will need to assess whether its margins and unit economics can withstand rising costs and global competition," Maurya said.

He added that while the eyewear segment offers long-term growth potential in India’s under-penetrated optical market, sustained profitability and prudent capital management will be key to Lenskart’s transition from a high-growth startup to a stable listed company.

Lenskart IPO shares are expected to be allotted to investors by November 6, while the listing is scheduled to take place on both NSE and BSE on November 10.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.