The grey market premiums of Lenskart Solutions, Orkla India and Studds Accessories have increased after the companies set their respective price bands ahead of initial public offerings (IPOs) scheduled to open this week.
The premiums are now quoting up to 19 percent, indicating strong investor interest.
Lenskart, Orkla India, Studds Accessories IPO GMPs
| IPO | Price Band (Rs) | GMP |
| Orkla India | 695-730 | 16% |
| Studds Accessories | 557-585 | 15% |
| Lenskart | 382-402 | 19% |
Helmets maker Studds Accessories has set a price band of Rs 557-585 per share for its Rs 455 crore issue, which opens on October 30 and closes on November 3. The anchor book will open on October 29, according to the company.
Eyewear retailer Lenskart Solutions has priced its issue at Rs 382-402 per share, targeting a valuation of over Rs 69,700 crore at the upper end. The Rs 7,278 crore IPO will open on October 31 and conclude on November 4, with anchor bidding on October 30.
Lenskart’s share sale includes a fresh issue of Rs 2,150 crore and an offer for sale of over 12.75 crore shares by existing shareholders.
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.
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