Lenskart IPO Sees Strong Demand as Grey Market Premium Remains Positive

November 4, 2025 By usmanthotti business 2 min read

Lenskart IPO Sees Strong Demand as Grey Market Premium Remains Positive

As of November 4, 2025, Lenskart Solutions Limited’s initial public offering (IPO) is witnessing robust investor interest, with the subscription period set to close today. The eyewear retailer aims to raise ₹7,278.02 crore through this offering, comprising a fresh issue of 5.35 crore shares worth ₹2,150 crore and an offer for sale (OFS) of 12.76 crore shares valued at ₹5,128.02 crore.

Subscription Status and Investor Interest

By November 3, the IPO had been oversubscribed 2.01 times. Retail investors led the charge with a subscription rate of 3.33 times, while qualified institutional buyers (QIBs) and non-institutional investors (NIIs) recorded oversubscription rates of 1.64 times and 1.88 times, respectively. This strong demand underscores the market’s confidence in Lenskart’s growth prospects.

Grey Market Premium Indicates Positive Sentiment

In the grey market, Lenskart shares are trading at ₹461 each, reflecting a premium of ₹59 or 14.68% above the upper end of the ₹402 price band. Although the grey market premium (GMP) has narrowed from ₹95 (a 23.63% premium) when the IPO opened on October 31, it remains positive, signaling continued investor optimism.

Financial Performance and Future Plans

For the fiscal year ending March 31, 2025, Lenskart reported a total income of ₹7,009.28 crore, marking a 24% increase from the previous fiscal year. The company achieved a net profit of ₹297.34 crore, a significant turnaround from a net loss of ₹10.15 crore in the preceding fiscal. The proceeds from the fresh issue are earmarked for expanding the network of company-owned stores, investing in technology and cloud infrastructure, enhancing brand marketing, and potential acquisitions.

Allotment and Listing Details

The basis of allotment is expected to be finalized on November 6, with the listing of Lenskart shares scheduled for November 10, 2025, on both the BSE and NSE. Investors are keenly watching these developments, anticipating the company’s performance in the public markets.