Read the latest update on Lenskart IPO GMP, know how much profit is expected on 1 share?

News Topical, Digital Desk : Lenskart IPO GMP: Eyewear retailer Lenskart Solutions' initial public offering (IPO) got off to a strong start on Friday. Investor interest was strong. By the end of the first day, the IPO was subscribed 1.13 times. Among investor categories, qualified institutional buyers (QIBs) were the most popular, with 1.42 times the subscription, while the retail investor quota was 1.31 times and the NII segment was 0.41 times subscribed.

In the unlisted market, the gray market premium (GMP) for Lenskart shares has reached ₹85. Based on the upper price band of ₹402, the estimated listing price is approximately ₹487 per share, representing a premium of approximately 21%. However, experts say that the gray market premium (GMP) merely reflects sentiment and may fluctuate before listing.

Lenskart IPO Details: Lenskart's issue price range is ₹382-₹402 per share, with 10% reserved for retail investors. One lot will consist of 37 shares, meaning the minimum investment at the upper price band will be ₹14,874. Based on this price band, the company's post-IPO valuation is approximately ₹69,741 crore. Through the IPO, the company will raise fresh capital to expand and provide existing investors with an exit opportunity. The issue comprises a fresh issue of ₹2,150 crore and an OFS of ₹5,128 crore, taking the total issue size to ₹7,278 crore. The company will use the funds raised to expand its stores, upgrade technology, and strengthen marketing. 

Company Profile: Founded in 2010, Lenskart is one of India's largest omni-channel eyewear companies with a strong digital and physical presence. The company has 2,137 stores in India and 669 overseas. Innovations like virtual try-ons and home eye tests have helped Lenskart build a brand and customer base. The company's profit reached ₹297 crore in FY25. In FY24, it had a loss of ₹10 crore, and revenue grew 22% to ₹6,625 crore. Kotak Mahindra Capital, Avendus Capital, Morgan Stanley, Citigroup, Axis Capital, and Intensive Fiscal Services are the book running lead managers to the IPO. Allotment for the Lenskart IPO is expected on November 6th and listing on November 10th.

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