Lenskart IPO GMP: GMP decreased on the last day, know how much profit can be expected on 1 share now?

News Topical, Digital Desk : Lenskart IPO GMP: Today is the last day of bidding for eyewear retailer Lenskart's highly anticipated ₹7,278 crore IPO. Meanwhile, its share premium (GMP) in the gray market has fallen to ₹59-₹60 per share. This means investors could potentially gain up to 15% upon listing when the shares are listed on the stock exchange on November 10th.

Lenskart's GMP was around ₹95 on October 31st, the day of the IPO opening, but it has declined in the last few days. However, experts say that GMP is a market indicator, and it may see sharp fluctuations before the listing.

Strong investor response
 

• The Lenskart IPO received a strong response from investors in the first two days. By the second day, the issue was subscribed 2.01 times.
• Retail investor category: subscribed 3.33 times
• Non-Institutional Investors (NIIs): 1.88 times
• Qualified Institutional Buyers (QIBs): 1.64 times

Lenskart IPO Information

The company has set a price band of ₹382–₹402 per share for its shares. 10% of the issue is reserved for retail investors. Each lot will consist of 37 shares, meaning the minimum investment at the upper price band will be ₹14,874. At the upper price band, Lenskart's valuation will reach approximately ₹69,741 crore.

• Fresh issue: ₹2,150 crore
• Offer for Sale (OFS): ₹5,128 crore

The company will use the funds raised from the IPO to expand its retail network, strengthen its technology infrastructure, and accelerate marketing initiatives.

Company Profile
Founded in 2010, Lenskart is one of India's largest omnichannel eyewear retailers. It serves customers through a digital platform as well as a network of stores across India and abroad.

The company has 2,137 stores in India and 669 internationally. Innovative services like virtual try-ons and home eye tests have given it a strong brand recognition.

In FY25, the company reported a net profit of ₹297 crore, compared to a loss of ₹10 crore in FY24. Revenue grew 22% to ₹6,625 crore, driven by strong domestic demand and overseas expansion.

The IPO is being managed by Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services. The basis of allotment for the IPO will be decided on November 6, while the shares will be listed on November 10.

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