Lenskart Solutions IPO is set to make its market debut today, November 10, with its shares listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The GMP has plunged nearly 95% from the peak. and is now up just 1.9%.
However, readers must remember that the GMP is an unofficial indicator of investor sentiment, and the actual listing price may differ significantly.
| Lenskart Solutions IPO | Key Details |
| Price Band | Rs 382-402 per share |
| IPO Date | October 31-November 04 |
| GMP | 2.5% |
| IPO Allotment date | November 06 |
| Listing date | November 10 |
Lenskart IPO: Subscription GMP trends
The Rs 7,278.76 crore IPO was subscribed 28.27 times overall by the close of bidding. Meanwhile, the grey market premium (GMP), which had touched a high of Rs 120 on October 26, fell sharply in the following weeks. By November 7, the GMP had slipped to around Rs 14.50– 15, and further declined to Rs 6.50 on November 9, a steep fall of nearly 95% from its peak.
Lenskart IPO- Expert Views
What’s the expert view on Lenskart IPO ahead of listing? FinancialExpress.com spoke to a host of market gurus-
Market veteran Vijay Kedia voiced concerns about valuations, “Lenskart’s valuations look quite expensive to me, and I’m not a buyer at any price. Remember, no position is also a position.”
Market expert Ambareesh Baliga called the stock overpriced. “Lenskart is overpriced and overhyped – so in the short term, anything is possible – it could open at a premium because the stakes are high, especially reputation risk, but sustaining it could be difficult. In case it opens at a discount, we could see some panic selling.”
Lenskart Solutions Share Price, IPO Listing LIVE: Check here Live Coverage on Lenskart Solutions IPO Listing, GMP, Share Price, Price Band, Review
Lenskart Solutions Share Price, IPO Listing, GMP Live: Lenskart GMP crashes 95% from peak
Lenskart IPO’s grey market premium (GMP) saw a sharp fall ahead of its market debut. The premium, which had touched a high of Rs 120 on October 26, just before the subscription opened and gradually slipped as sentiment turned weak in the unlisted market.
By November 8 and 9, the GMP had almost vanished, dropping to as low as Rs 0–Rs 5, a 95% fall from its peak. Ahead of the November 10 listing, it hovered around Rs 10. This indicates a premium of 2.49% as of the latest. However, it is important to note that this is note the official listing and may fluctuate based on market sentiment.
Also read: Lenskart IPO GMP crashes to zero ahead of Monday market debut, investors brace for flat listing
Lenskart Solutions Share Price, IPO Listing, GMP Live: Sandip Sabharwal on Lenskart IPO
Well-known fund manager and market veteran Sandip Sabharwal of Asksandipsabharwal.com took a sharp stance on Lenskart’s valuation, suggesting the stock is significantly overpriced. “The value of the Lenskart stock is not more than 25% of offer price. That’s where it should ultimately settle. However, in terms of timing, it is uncertain,” Sabharwal said.
Also read: ‘Feels like Day Zero…’: Lenskart CEO Peyush Bansal pens note to stakeholders day before IPO debut
Lenskart Solutions Share Price, IPO Listing, GMP Live: Peyush Bansal shares note ahead of listing
The listing of Lenskart Solutions is just a few hours away and Peyush Bansal shared a note last night to investors. “There’s no playbook for a day like this,” wrote Bansal. The letter has a title ‘It’s Still Day Zero — On the Eve of Lenskart’s Listing.’
“Fifteen years ago, I didn’t dream of ringing a bell. I just wanted to solve one simple, human problem — that millions of people in India couldn’t see clearly,” the letter read.
Lenskart Solutions Share Price, IPO Listing, GMP Live: GMP falls significantly despite strong subscription numbers
The subscription numbers came in strong, reflecting investors' confidence in Lenskart’s long-term growth narrative. However, the significant drop in GMP poses a risk that its much-anticipated market debut could be a subdued one.
At the top end of its price band, Lenskart is eyeing an estimated valuation of approximately Rs 72,700 crore. The IPO comprises a fresh issuance of 5.35 crore shares worth Rs 2,150 crore and an offer for sale of 12.76 crore shares totalling Rs 5,128.02 crore.
Lenskart Solutions Share Price, IPO Listing, GMP Live: SBISecurities' Sunny Agrawal says focus on long-term profitability
Sunny Agrawal – Head of Fundamental Research, SBI Securities also reiterated the focus on long-term profitability, “I feel that maybe for next one to two years, at least the valuations are discounting the next two-year story. In case the company is able to surpass that expectation and clock consistent rise in profitability, then in the long run, definitely value can be created, or vice versa.”
Speaking on the current valuation, he highlighted that the pricing is already factoring in positives expected over next 1-2 years.
Lenskart Solutions Share Price, IPO Listing, GMP Live:Vijay Kedia's outlook on Lenskart pricing
On FinancialExpress.com, we touched base with a host of market gurus on the Lenskart pricing. Vijay Kedia pointed out that the pricing is expensive. According to him,
"Lenskart’s valuations look quite expensive to me, and I’m not a buyer at any price. I prefer to stay away from money that comes with high risk, as it can change one’s investing mindset. Remember, no position is also a position.”
You can read more on this - Lenskart IPO: ‘Overpriced’ or ‘Long-Term Buy’? 6 Market Gurus weigh in
Lenskart Solutions Share Price, IPO Listing, GMP Live: Sharp GMP drop indicates investor concern?
Though the GMP is an unofficial indicator, the sharp drop in GMP have raised investor concerns about the listing price. The current GMP indicates that the counter will list close to the issue price. However, just to remind our viewers the listing price can be very different from whatthe GMP indicates. All eyes are now at 10 am when the counter will list on exchanges
With a strong subscription rate, the Lenskart IPO is all set to hit the bourses today, November 10. The grey market premium (GMP) for the company has risen a bit to 2.5% from zero. The GMP, which had touched a high of Rs 108 ahead of the IPO announcement, now indicates no premium over the issue price.
Read more: Lenskart IPO GMP crashes to zero ahead of Monday market debut, investors brace for flat listing
Lenskart Solutions Share Price, IPO Listing, GMP Live: Foraying into international markets
Leveraging the experience and capabilities in India, Lenskart Solutions has expanded into select international markets including Japan, Southeast Asia and the Middle East. They are India’s largest, and in Asia, are amongst the two largest, organised retailers of prescription eyeglasses in terms of B2C eyeglasses sales volumes during the Financial Year 2025.