Lenskart IPO Listing Price Prediction: GMP Rises Ahead Of Debut On November 10, Allotment Tomorrow
The initial public offering (IPO) of eyewear retailer Lenskart Solutions is set to list on the BSE and NSE on November 10, 2025, and the allotment of shares is expected to be finalized tomorrow, November 6, 2025. Ahead of its debut, the grey market premium (GMP) for Lenskart shares has shown positive signals, indicating potential investor confidence.
IPO Details and Subscription Status
Lenskart's IPO, a book-built issue of ₹7,278.02 crores, comprised a fresh issue of 5.35 crore shares aggregating to ₹2,150.00 crores and an offer for sale of 12.76 crore shares aggregating to ₹5,128.02 crores. The IPO was open for subscription from October 31, 2025, to November 4, 2025, with the price band set at ₹382 to ₹402 per share and a lot size of 37 shares. The minimum investment for a retail investor was ₹14,874.
The IPO witnessed strong demand across investor categories and was oversubscribed by 28.26 times by the end of the final day. Qualified institutional buyers (QIBs) subscribed 40.4 times their quota, while non-institutional investors (NIIs) subscribed 18.2 times, and retail investors subscribed 7.5 times their portion.
Grey Market Premium (GMP) and Listing Price Prediction
The grey market premium (GMP) is an unofficial indicator of the expected listing gains. It represents the premium at which IPO shares are traded in the grey market before the official listing. Fluctuations in GMP reflect changing investor sentiment towards the IPO.
The GMP for Lenskart's IPO has seen some volatility. On October 26, 2025, the GMP reached a high of ₹120, but on November 5, 2025, it dropped to a low of ₹39. Towards the closing of the IPO on November 4, 2025, the GMP was around ₹53 to ₹65, suggesting a premium of 13% to 15% over the upper price band of ₹402.
Based on the GMP data, the listing price for Lenskart shares was predicted to be in the range of ₹455 to ₹465. However, it is important to note that GMP is not a guaranteed indicator of listing performance and should be considered with other factors.
Allotment and Listing Details
The allotment of shares is expected to be finalized on November 6, 2025. Investors can check their allotment status on the websites of the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), or the registrar, MUFG Intime India. Successful allottees will have the shares credited to their demat accounts by November 7, 2025. Lenskart shares are scheduled to be listed on both the BSE and NSE on November 10, 2025.
Utilization of IPO Proceeds
Lenskart plans to utilize the proceeds from the fresh issue towards capital expenditure for expanding its network of company-owned stores, lease and license payments, investments in technology and cloud infrastructure, brand marketing, potential acquisitions, and general corporate purposes.
Financial Performance and Analyst Recommendations
In 2025, Lenskart reported revenue of ₹7,009.28 crores and a profit of ₹297.34 crores, compared to a revenue of ₹5,609.87 crores and a loss of ₹10.15 crores in 2024.
Analysts have mixed recommendations on the Lenskart IPO. Some advise subscribing for the long term, citing the company's strong business model, market leadership, and growth potential. Others suggest that listing gains may be limited and advise investors to temper their expectations.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult with a financial advisor before making any investment decisions.
