Lenskart Solutions IPO saw a tepid listing on the exchanges today- November 10. The shares listed at RS 395 per share on NSE, down 1.75% from the issue price, and at Rs 390 per share on BSE, down 2.99%. The share price has surged 5% after plunging 10% soon after the quiet listing.
| 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 – but sustaining a premium pricing could be difficult.”
Lenskart Solutions Share Price, IPO Listing LIVE: Check here Live Coverage on Lenskart Solutions IPO Listing, GMP, Share Price, Price Band, Review
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.