Lenskart IPO created a stir! Amazing interest on second day too, now only one day left to place bets.

Admin — Mon, 03 Nov 2025 09:22:37 +0000

Lenskart IPO: Today is the second day of the IPO of eyewear retailer Lenskart. Even on the second day, a lot of interest is being seen among investors regarding this. The issue has been fully subscribed on the first day. So far on the second day, almost 1.5 times (146 percent) has been booked.

According to data available on NSE at 11.15 am, bids were placed for more than 14.6 crore shares as against 9.98 crore shares of the company. Retail investors subscribed to it the most. They booked their reserved portion more than 2 times (224 percent). Qualified Institutional Buyers (QIBs) have subscribed 1.4 times (142 per cent) of the portion reserved for them, while Non-Institutional Investors (NIIs) have booked their entire portion (102 per cent).

When is the listing expected?

Lenskart Solutions’ IPO has both fresh issue and offer-for-sale. The company has launched its IPO to raise Rs 7278 crore by issuing fresh shares worth Rs 2150 crore and selling 12.75 crore shares under the OFS window. This IPO is open from 31st October.

Investors will be able to invest money in it till November 4. At the price band of Rs 382-402 per share, the company wants a valuation of around Rs 70,000 crore. Investors will be able to bid for a minimum of 37 shares, for which an investment of Rs 14,874 is required and then will be able to bid in multiples thereof. The shares can be allotted on November 5 and the listing is expected on the stock exchanges on November 10.

How much is GMP?

The latest gray market premium (GMP) for Lenskart Solutions’ IPO is Rs 85, which is 21.14% higher than the issue price of Rs 402. This shows that the IPO can be listed on the stock exchanges at around Rs 487. Before the opening of the IPO, GMP was around 11.9 percent and now it has increased to beyond 21 percent, which is an indication of the enthusiasm among investors about the company.

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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Investors went crazy as soon as the IPO opened, it was fully subscribed on the very first day; GMP also on the rise

Admin — Sat, 01 Nov 2025 07:39:58 +0000

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.