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

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

30 Oct 2025

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Key Takeaways

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

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

Lenskart Solutions

Lenskart Solutions

0.00%

Expert Analysis

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.

Publisher:Cnbctv18