Lenskart Solutions Unlisted Shares

Lenskart IPO: GMP falls to ₹48 ahead of issue launch on Friday

Cnbctv18

2 min read

Lenskart IPO Premium Declines as Investor Sentiment Softens Ahead of Listing.

Expert Analysis:

Grey Market Performance: Lenskart Solutions Ltd.’s shares are trading at a 12% premium in the grey market, indicating possible listing gains. However, the IPO premium has declined to ₹48 from ₹108 in recent days against the issue price of ₹402 per share, showing weakened investor sentiment ahead of listing.
IPO Size and Valuation: The company aims to raise up to ₹7,278.02 crore through its IPO, valuing it at approximately ₹69,741 crore on a post-issue basis.
Pricing and Allotment Details: Shares are priced between ₹382-₹402 apiece, with 10% reserved for retail investors. A lot includes 37 shares, requiring a minimum investment of ₹14,874.
Fundraising Structure: Lenskart will raise ₹2,150 crore via a fresh issue, while existing shareholders will sell 12.76 crore shares through an offer for sale (OFS).
Key Investors Involved: The OFS participants include founder and CEO Peyush Bansal, SoftBank’s SVF II Lightbulb (Cayman), Kedaara Capital, ChrysCapital’s PI Opportunities Fund II, KKR’s MacRitchie Investments, and Alpha Wave Ventures.
Subscription Timeline: Anchor bidding opens today, and the IPO subscription window will remain open from tomorrow until November 4.
Advisors to the Offering: Kotak Mahindra Capital, Axis Bank, Avendus Capital, Intensive Fiscal Services, and the local units of Citigroup and Morgan Stanley are serving as advisors for the offering.

Takeaways

Declining grey market premium to ₹48 signals reduced short-term optimism, urging investors to assess valuation strength before IPO participation.

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