Summary
Lenskart, you know, the eyeglasses people, launched their IPO on October 31st. It’s a pretty big deal since it’s one of the biggest IPOs expected this fiscal year. The first day saw about 4% subscription, so investors are checking to see that the company’s well-known name and global support really do make it worth the asking price. There’s excitement in the market, with the grey market premium going up and big investors already on board.
Lenskart IPO: How it’s doing so far
Day one went okay, with 4% of the IPO subscribed. The numbers from the stock exchange show that, by about 10:20 AM, people had bid on over 42 lakh shares out of about 9.98 crore available.
Regular people buying shares got about 17% of what was set aside for them.
Other investors (not big institutions) took about 4% of their share.
The big investment firms are expected to jump in later.
The IPO is open until November 2nd, so everyone has a couple more days to get their bids in.
What you need to know about the Lenskart IPO
Lenskart wants to collect ₹7,278 crore. About ₹2,150 crore of that will be new shares, and the rest (12.75 crore shares) are already owned by people who want to sell. Each share costs between ₹382 and ₹402, so they’re saying the whole company is worth around ₹70,000 crore.
- IPO Open: Oct 31, 2025
- IPO Close: Nov 2, 2025
- Shares assigned: Nov 5, 2025
- Shares Listed: Nov 10, 2025
- Minimum investment: 37 shares (At least ₹14,874)
Grey Market Talk
The grey market premium (what people are willing to pay before the shares are officially listed) is climbing, which shows people are feeling good about Lenskart . One source says the unlisted shares are going for about 18.41% higher than the IPO price which is a bit more compared to yesterday.
Another source says it’s about 11.45%, which suggests people think it will list well if the markets stay positive. Basically, the rising premium implies folks think it will be a good investment even though it’s pricey.
What’s Lenskart all about?
Peyush Bansal started Lenskart as a simple online glasses store. Now it’s a major retailer with stores and online presence in India, Southeast Asia, and the Middle East. They use tech to run their supply chain and have a mix of physical stores and online shopping.
Big names like SoftBank, KKR, and Temasek back Lenskart, and they’ve been growing steadily. Their earnings have grown about 90% each year, which is great, but they still have to deal with a lot of competition.
Who is backing them?
Before the IPO, Lenskart got ₹3,268.4 crore from 147 big investors, which is a good sign. People like:
- The Government of Singapore
- T Rowe Price
- BlackRock
- Goldman Sachs
- Fidelity
- Nomura
- JP Morgan
- Government Pension Fund Global
All this support makes the IPO seem more trustworthy.
Should you buy Lenskart?
Analysts are split. One says that Lenskart is being valued as a tech company because it could grow a lot, not just as a retailer. They like that it’s everywhere and growing internationally.
Another expert is playing it safe. They mention that while Lenskart is doing well, it’s still quite expensive. The price-to-earnings ratio is high, so even if they triple their profits, it still might not be worth the money.
But, it has a chance to grow, people already like the brand, and lots of Indians still don’t buy glasses, so there’s potential in the long run.
The final word
The Lenskart IPO is a big topic right now. It’s got a strong brand, big investors are confident, and it’s expanding. Even though it’s pricey, it looks like it will do well when it lists because of the grey market premium and support from big investors.
If you’re okay with risk and want to invest for the long haul, then Lenskart could be a smart bet in India’s growing eyewear market.
Note: All information and images used in this content are sourced from Google. They are used here for informational and illustrative purposes only.
FAQs on Lenskart IPO Subscribed 4% on Day 1, GMP Rises Slightly
What is the subscription status of Lenskart IPO on Day 1?
Lenskart IPO has been subscribed 4% on Day 1 so far, with bids received for over 42 lakh shares against an offer size of 9.98 crore shares. Retail investors have subscribed 17% of their portion, while non-institutional investors subscribed 4%. Qualified institutional buyers are yet to make major bids.
What are the key details of the Lenskart IPO?
Lenskart IPO aims to raise ₹7,278 crore through a combination of a fresh issue of ₹2,150 crore and an offer for sale of 12.75 crore shares. The IPO remains open for bidding between October 31 and November 2, 2025, with a price band of ₹382–₹402 per share.
What is the valuation of Lenskart at the given IPO price band?
Lenskart is seeking a valuation of around ₹70,000 crore at the upper end of the price band, making it one of India’s largest IPOs in the consumer retail space.
What is the minimum investment required in the Lenskart IPO?
Investors can bid for a minimum of 37 shares, amounting to an investment of ₹14,874 at the lower end of the price band. Additional bids can be placed in multiples of 37 shares.
What is the Lenskart IPO GMP (Grey Market Premium) today?
Lenskart IPO GMP is currently around 18.41% according to Investorgain, reflecting rising market optimism. The GMP has increased from 17.41% yesterday and 11.94% a day before. IPO Watch reports a slightly lower GMP of 11.45%.
What does the rising GMP indicate for Lenskart IPO investors?
The rising GMP suggests that investor sentiment is positive and that the market expects potential listing gains despite the IPO’s rich valuation.
What are the important dates for the Lenskart IPO?
The IPO opens on October 31 and closes on November 2, 2025. The allotment is likely to be announced on November 5, and the shares are expected to list on November 10, 2025.
What is unique about Lenskart’s business model?
Lenskart operates as an omni-channel eyewear retailer with both online and offline presence, integrating technology with retail to provide affordable eyewear. It has expanded aggressively across India, Southeast Asia, and the Middle East.
Who are the anchor investors in Lenskart IPO?
Lenskart raised ₹3,268.4 crore from 147 anchor investors including marquee names such as the Government of Singapore, BlackRock, Goldman Sachs, T Rowe Price, Fidelity, Nomura, and JP Morgan.
What are analysts saying about the Lenskart IPO?
Analysts have mixed views. While some highlight the company’s strong brand, global expansion, and long-term potential, others caution about the high valuation and profitability challenges.
What are the valuation concerns around Lenskart IPO?
Lenskart’s high valuation implies a P/E ratio of around 230. Even if the company triples its profits in the next few years, the P/E would still be near 70, which remains expensive compared to industry peers.
What did CEO Peyush Bansal say about the company’s valuation?
Peyush Bansal emphasized that the company focuses on creating value for customers and shareholders, adding that the ultimate valuation will be determined by market sentiment.
What is the growth outlook for Lenskart in the eyewear industry?
Lenskart is positioned to capitalize on India’s under-penetrated eyewear market. With a 90% EBITDA CAGR and expanding international presence, the company aims to become a global leader in the optical retail segment.
Should investors apply for the Lenskart IPO?
Investors with a long-term perspective and higher risk appetite may consider applying due to the company’s growth potential, while conservative investors might wait for better valuation clarity post-listing.
What is the overall market sentiment towards Lenskart IPO?
The overall sentiment is positive, supported by a strong brand, international reach, and robust anchor investor participation, though some caution remains over its steep valuation metrics.
