The shares of Lenskart are currently trading at a respectable GMP. Portals that monitor the grey market indicate that the current IPO GMP for Lenskart is ₹70 per share. This suggests that shares of Lenskart are trading at a premium of ₹70 per on the grey market, compared to their issue price.
Lenskart IPO: In an effort to earn more than ₹7,200 crore from the primary markets, eyewear firm Lenskart Solutions Ltd. will begin its first public offering (IPO) on October 31. Subscriptions for the Lenskart IPO will be accepted through November 4.In terms of B2C eyeglass sales volumes, Lenskart is the biggest retailer of prescription eyewear in India and one of the top two in Asia.
The pricing range for the Lenskart IPO is set at ₹382 to ₹402 per share. The Peyush Bansal-led business wants to raise ₹7,278.02 crore at the upper end of the price range through a public offering that consists of an offer-for-sale (OFS) component of 12.76 crore shares valued at ₹5,128.02 crore and a fresh issue of 5.35 crore equity shares worth ₹2,150 crore.
With a tentative Lenskart IPO listing date set for November 10, 2025, the equity shares of Lenskart Solutions will be placed on the BSE and NSE stock markets.
The book running lead managers are Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global, and Intensive Fiscal. The Lenskart IPO registrar is MUFG Intime India Pvt. Ltd.
With a tentative Lenskart IPO listing date set for November 10, 2025, the equity shares of Lenskart Solutions will be placed on the BSE and NSE stock markets.
The book running lead managers are Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global, and Intensive Fiscal. The Lenskart IPO registrar is MUFG Intime India Pvt. Ltd.
The grey market premium (GMP) for Lenskart shares is still showing strong trends ahead of the company's initial public offering (IPO). Here's what today's Lenskart IPO GMP indicates:
GMP for Lenskart's IPO Today
The shares of Lenskart are currently trading at a respectable GMP. Portals that monitor the grey market indicate that the current IPO GMP for Lenskart is ₹70 per share. This suggests that shares of Lenskart are trading at a premium of ₹70 per on the grey market, compared to their issue price.
The stock is currently selling at ₹472 per share on the grey market, 17.41% higher than the issue price of ₹402 per share, according to Lenskart IPO GMP today.
GMP for Lenskart's IPO Today
The shares of Lenskart are currently trading at a respectable GMP. Portals that monitor the grey market indicate that the current IPO GMP for Lenskart is ₹70 per share. This suggests that shares of Lenskart are trading at a premium of ₹70 per on the grey market, compared to their issue price.
The stock is currently selling at ₹472 per share on the grey market, 17.41% higher than the issue price of ₹402 per share, according to Lenskart IPO GMP today.
Review of Lenskart's IPO
Based on post-issue capital, SBI Securities values the Lenskart IPO at the upper band of ₹402 at FY25 EV/Sales and EV/EBITDA multiples of 10.1x and 68.7x, respectively.
"Listing gain is probably going to be muted because Lenskart's valuation appears to be stretched." The company is well-positioned to profit from the rapidly expanding domestic organized underpenetrated eyeglasses market, nonetheless, given its strong business model. Additionally, there is room for medium- to long-term profitability growth as the business expands, the brokerage firm stated.
Based on post-issue capital, SBI Securities values the Lenskart IPO at the upper band of ₹402 at FY25 EV/Sales and EV/EBITDA multiples of 10.1x and 68.7x, respectively.
"Listing gain is probably going to be muted because Lenskart's valuation appears to be stretched." The company is well-positioned to profit from the rapidly expanding domestic organized underpenetrated eyeglasses market, nonetheless, given its strong business model. Additionally, there is room for medium- to long-term profitability growth as the business expands, the brokerage firm stated.
In the meanwhile, listed foreign competitors have strong margin profiles, and the street will continue to closely monitor Lenskart's journey to profitability. The company has continuously increased its reported EBITDA margin based on its previous performance, and investors will closely monitor any further improvements, it noted.
For the long run, SBI Securities advises investors to "subscribe" to the Lenskart IPO at the cut-off price.
For the long run, SBI Securities advises investors to "subscribe" to the Lenskart IPO at the cut-off price.
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