Lenskart IPO GMP: Should You Invest and How Much Can You Earn?

New Delhi: The initial public offering (Lenskart Solutions IPO) of Piyush Bansal-backed eyewear brand Lenskart Solutions has opened for investment from today, i.e., 31 October. The IPO has received an excellent response from both anchor investors and the gray market. This is a book-built issue of Rs 7,278.02 crore by Lenskart Solutions, which will be open from October 31 to November 4, 2025. Allotment of shares is likely to happen on November 6 and refund and demat credit are likely to happen on November 7. The company's shares may be listed on both NSE and BSE exchanges on November 10. Lenskart Solutions has set the price band for its IPO at Rs 382 to Rs 402 per share. Investors can apply for a minimum lot of 37 shares.

What is the Gray Market Premium (GMP) indicating?

There is strong demand for the Lenskart IPO in the gray market. According to reports, its GMP is running at Rs 70. This means that investors can get an estimated profit of around Rs 2,590 on one lot (37 shares). Based on this estimate, the listing price could reach around Rs 472, which is about 17.4% higher than the upper end of the price band. However, GMP has been volatile in the last few days. It was Rs 108 on October 27, which came down to Rs 43 on October 28 and 29. Now an increase of Rs 22 has been registered in it, which is a sign of an increase in demand again.

How did anchor investors react?

Lenskart Solutions' IPO has received bids worth Rs 68,000 crore from anchor investors, PTI reported. This figure is about 10 times the total issue size and about 20 times more than the anchor book size (Rs 3,200 crore). Along with this, SBI Mutual Fund has also invested Rs 100 crore in the pre-IPO funding round, further strengthening the institutional confidence in the company.

Who are the lead managers and registrars of the IPO?

Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital and Intensive Fiscal Services have been appointed as book-running lead managers to the issue. Whereas, MUFG Intime India Private Limited is the registrar of this issue.

What can be expected by investing in the Lenskart IPO?

Strong participation from anchor investors and rising premiums in the gray market indicate that the listing of Lenskart Solutions IPO may remain strong. Experts believe that if this trend continues, investors can get attractive returns on the listing day.