The IPO market is buzzing with activity as Lenskart's IPO approaches its final day and Groww launches its highly anticipated public offering today, November 4, 2025. Investors are keenly watching the subscription status and grey market premium (GMP) of these IPOs for potential listing gains.
Lenskart IPO: Subscription Status on Day 2
Lenskart Solutions Limited's ₹7,278 crore IPO has seen considerable interest, with the subscription reaching 2.02 times on the second day. According to data from the Bombay Stock Exchange (BSE), the company received bids for 20,11,09,245 shares against the 9,97,61,257 shares on offer.
- Retail Investors: The retail portion was subscribed 3.33 times, indicating strong participation from individual investors.
- Non-Institutional Investors (NII): The NII portion was booked 1.89 times, showing substantial interest from high-net-worth individuals.
- Qualified Institutional Buyers (QIB): The QIB portion received bids for 1.64 times the shares offered, demonstrating confidence from institutional investors.
- Employees: The employee portion was subscribed 2.53 times.
Demand was concentrated at the upper end of the ₹382–₹402 price band, reflecting investor confidence in Lenskart's valuation and growth potential. The IPO, which opened on October 31, will close on November 4, 2025, and the shares are expected to list on November 10 on the BSE and NSE.
Groww IPO Opens Today
The much-awaited Groww IPO opened for subscription today, marking one of the most closely watched public issues in the fintech sector. The three-day bidding window will remain open until November 7, 2025. The company has set a price band of ₹95–₹100 per share, with a lot size of 150 shares, requiring a minimum investment of ₹15,000 for retail investors to bid for one lot at the upper price limit.
The IPO is a book-built issue worth ₹6,632.30 crore, comprising a fresh issue of ₹1,060 crore and an offer for sale (OFS) of ₹5,572.30 crore by existing shareholders and promoters. Under the OFS, approximately 55.7 crore equity shares will be offloaded.
The allotment of shares is expected to be finalized by November 10, while the shares will be available for trading on the BSE and NSE from November 12. MUFG Intime is the registrar for the issue, responsible for processing applications and finalizing allotments.
Financial Performance and Strengths of Groww
Groww has demonstrated a strong market presence with a 26.27% market share and 12.6 million active clients as of June 2025. The company reported a net profit margin of 44% with a revenue of ₹4056 crores in FY2025. Groww's mobile-first platform architecture is designed for the digital-native investor demographic, and its in-house technology stack aims to deliver a differentiated experience at a low cost.
Grey Market Premium (GMP)
The grey market premium (GMP) is an unofficial premium at which IPO shares are traded before they are listed on the stock exchanges. It serves as an indicator of the expected listing price.
Orkla India IPO Allotment
The allotment of Orkla India IPO shares was finalized on November 3, 2025. The IPO received a strong response, being subscribed nearly 49 times overall. The bidding period ran from October 29 to October 31, with refunds and demat credit taking place on November 4, and the stock is set to list on November 6 on both BSE and NSE.
