Lenskart IPO: The IPO of eyewear retailer Lenskart opened for subscription yesterday on 31st October and saw tremendous demand on the very first day. This IPO of Rs 7278 crore was fully subscribed on the very first day.

IPO got strong response

According to NSE data, bids were received for more than 11.23 crore shares in the IPO, while the offer size was 9.98 crore shares. Retail investors and qualified institutional buyers (QIBs) fully booked their respective shares (131 per cent and 142 per cent respectively). Non-institutional investors subscribed 41 percent of the portion reserved for themselves. Overall the IPO received 1.13 times subscription on the first day.

GMP of Lenskart IPO

Talking about gray market premium, according to InvestorGain data, the unlisted shares of the company are trading at gray market premium (GMP) 20.15 percent more than the IPO price. This is more than the premium of 11.94 percent the day before yesterday.

Now the question comes whether it would be right for you to bet on it? According to Moneycontrol report, Shravan Shetty, Managing Director of Primus Partners, says that investors are showing interest in Lenskart’s IPO. Its brand value is strong. The high valuation of GMP is a good indication that the market is seeing it as a technology company which has the potential for rapid growth.

It will rain money on investors!

The company is planning to raise Rs 7,278 crore through fresh issue of 53.5 million equity shares and selling 127.6 million equity shares under OFS.

Company promoters like Piyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi will sell their shares through offer-for-sale in the IPO. Apart from these, other investors who sold shares also include SVF II Lightbulb (Cayman), Schroders Capital Pvt., Equity Asia Mauritius, PI Opportunities Fund-II, MacRitchie Investments, Kedra Capital Fund II and Alpha Wave Ventures.

Considering the tremendous response the IPO has received so far, its investors are expected to become rich. Company founder Basal will sell 2.05 crore shares at the upper price band of the IPO at Rs 402. From this they can make a profit of about Rs 785.54 crore. After the IPO, his stake in Lenskart will reduce from the current 10.28 percent to 8.78 percent.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Lenskart IPO GMP: Today there is a bustling atmosphere in the primary market because the IPO of not one but three big companies is open for subscription today. These include Lenskart IPO, Orkla India IPO and Studds Accessories IPO. Of these, the IPO of Orkla India is closing today. Investors will be able to bid for Lenskart’s IPO till November 4. The company has fixed the price band for the issue between Rs 382 to Rs 402.

How is the response to the IPO?

According to NSE data, this issue of Rs 7,278 crore of eyewear brand Lenskart got 9 percent subscription till 11 am on the first day. That means till now investors have bid for 88.55 lakh shares against the 9.98 crore shares offered. Retail investors have bought 37 percent of their shares. At the same time, non-institutional buyers (NIIs) have bought 8 percent stake and qualified institutional buyers (QIBs) have not made any major bid so far.

How much is GMP?

There is tremendous enthusiasm among investors regarding the IPO of Lenskart in the gray market. According to InvestorGain, before the listing, unlisted shares of Lenskart were trading in the gray market at GMP, 18.41 percent more than the IPO price, which is currently Rs 74. That means a profit of Rs 74 per share is visible on listing of shares in the market. This is more than 17.41 percent a day earlier and 11.94 percent the day before that. IPO Watch has given GMP information till around 11.45.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Lenskart IPO: The IPO of Lenskart, a famous company manufacturing eye wear products, is ready to be launched tomorrow i.e. on 31st October. Bids for investment in this can be made till November 4. The issue size of the IPO is Rs 7,278.02 crore. The price band for the IPO has been fixed at Rs 382-402 per share.

5.35 crore equity shares worth Rs 2,150 crore will be issued in the IPO and about 12.8 crore equity shares will be sold through OFS. Equity shares of Lenskart Solutions will be listed on both the stock exchanges BSE and NSE. The date of IPO listing has been fixed as November 10, 2025. Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global and Intensive Fiscal are the book running lead managers for the IPO, while MUFG Intime India Pvt Ltd is the IPO registrar.

What is the GMP of IPO?

Lenskart’s IPO has made a huge entry in the gray market even before its opening. Its gray market premium (GMP) remains strong. Today its gray market premium (GMP) is Rs 70 per share. That means in the gray market its shares are trading at Rs 70 per share more than its IPO price.

With the announcement of the price band on Monday, a spectacular rise in its GMP was seen in the gray market. Even that day, the shares were trading at a premium of Rs 75, which represents an increase of 18.66 percent compared to the upper price band of the IPO of Rs 402. Lenskart is the fourth largest IPO of this year so far. Before this, companies like Tata Capital, HDB Financial Services and LG Electronics have launched their IPOs.

Promoter Neha Bansal sold her share

Meanwhile, Neha Bansal, one of the promoters of Lenskart Solutions, has sold 0.15 per cent stake at a value of Rs 100 crore to two schemes of SBI Mutual Fund in a pre-IPO offer. This transaction took place at the upper price band of IPO at Rs 402 per share. Before this transaction, Neha had 7.61 percent stake in the company and now after transferring 2.5 lakh equity shares to the mutual fund, her stake in the company is now 7.46 percent.

With this transaction, SBI Optimal Equity Fund (AIF) and SBI Emergent Fund (AIF) invested at a transfer price of Rs 402 per equity share. The company bought 870,646 shares or 0.05 percent stake of Lenskart, while SBI Emergent Fund bought 16,16,915 shares or 0.10 percent stake. Earlier, on October 23, well-known investor and DMart founder Radhakishan Damani invested about Rs 90 crore in Lenskart through a pre-IPO transaction. According to media reports, Neha Bansal married Srikant R. 2,238,806 equity shares were sold to Damani.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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