Live GMP Update After Lenskart IPO Close: Buy or Wait
Today marks the end of the three-day subscription period for the much-anticipated ₹7,278 crore Initial Public Offering (IPO) of Lenskart Solutions Limited, which is known as India's largest omnichannel eyewear retailer. On this final day, we saw a notable uptick in bids across all categories, showcasing the market's strong, though measured, excitement for this high-growth consumer-tech opportunity.
The subscription book has wrapped up with an impressive overall figure, but the IPO's premium valuation remains a hot topic of discussion. Here’s a detailed look at the final subscription status, the current Grey Market Premium (GMP), important dates, expert insights, and whether this premium-priced offering is a good match for your investment strategy.
📊 Lens kart IPO Final Subscription Status: Day 3 Figures
The IPO, which includes a Fresh Issue of ₹2,150 crore and an Offer for Sale (OFS) of ₹5,128 crore, saw strong participation, particularly from Non-Institutional Investors (NIIs) and Retail Investors on the last day of bidding.
| Investor Category | Final Subscription (Times) | Shares Offered (Crores) | Bids Received (Crores) |
| Qualified Institutional Buyers (QIBs) | 4.58x | 5.42 | 24.83 |
| Non-Institutional Investors (NIIs) | 8.10x | 2.71 | 21.95 |
| Retail Individual Investors (RIIs) | 5.22x | 1.81 | 9.45 |
| Employees | 3.82x | 0.039 | 0.15 |
| Total Subscription | 6.85x | 9.97 | 68.38 |
Data as of Final Closing Time on November 4, 2025 (Figures may vary slightly based on final exchange reports).
The key takeaway :- from the subscription is that there’s been a significant oversubscription across all categories. Notably, the NII portion was booked more than eight times, and the Retail segment saw over five times the demand. This clearly shows a strong appetite from both retail investors and High Net-worth Individuals (HNIs) for this modern consumer brand, even with its high valuation.
🟢 Lens kart IPO Grey Market Premium (GMP) Today
The Grey Market Premium (GMP) serves as an unofficial gauge for how the stock is expected to perform once it lists. Lens kart's GMP has experienced some ups and downs during the subscription period, reflecting a blend of enthusiasm and concerns about its valuation.
- Current GMP (November 4, 2025): About ₹59 per share.
- Price Band (Upper End): ₹402 per share.
- Expected Listing Price: ₹402 + ₹59 = ₹461
- Estimated Listing Gain: Roughly 14.7%
Just a heads up: the current GMP of ₹59 per share indicates a moderate listing gain of nearly 15%. This figure has dropped from a peak of around ₹85 earlier, suggesting that the market's hopes for a big, quick listing surge have eased a bit, possibly due to the higher pricing. Remember, GMP isn't an official market indicator, so it shouldn't be the only factor you consider when making investment decisions.
📅 Lens kart IPO: Key Dates to Remember
The subscription window has now closed. Here are the important dates for investors who have applied:
| Event | Date (Tentative) |
| IPO Open Date | October 31, 2025 |
| IPO Close Date | November 4, 2025 (Today) |
| Basis of Allotment Finalization | November 6, 2025 |
| Initiation of Refunds | November 7, 2025 |
| Credit of Shares to Demat | November 7, 2025 |
| IPO Listing Date | November 10, 2025 (BSE & NSE) |
🔬 A Deep Dive into Lens kart's IPO: Review and Analysis
✅ Company Strengths
🛑 Valuation and Key Risks
🤔 Should You Apply or Not? - The Final Verdict
1. For Listing Gains (Short-Term Investors):
2. For Long-Term Investment (Investors with High Risk Appetite):
- Lens kart is a game-changing :- tech-driven player in an industry that's on the brink of a major shift from unorganized to organized retail. Its strong market position, integrated supply chain, and solid brand reputation make it a top contender for long-term value creation.
- While the valuation is certainly high (P/E of 235x) :- analysts suggest it's on par with other high-growth modern retailers like Trent. You're essentially paying a premium for a clear leader in a niche with vast potential.
- Verdict :- Subscribe for the Long Term with Caution. This IPO is a good fit for investors who are comfortable with high risk, have a long-term investment outlook (3-5 years or more), and believe the company can maintain a strong growth trajectory to justify its valuation.
Final Recommendation:
Frequently asked questions
| Question | Answer |
| What is the price band? | ₹382 to ₹402 per equity share. |
| What is the lot size? | 37 shares. The minimum application amount for retail is ₹14,874 at the upper price band. |
| What is the issue size? | ₹7,278.02 Crores, consisting of a Fresh Issue of ₹2,150 Cr and an Offer for Sale (OFS) of ₹5,128.02 Cr. |
| What is the use of the Fresh Issue proceeds? | The funds will primarily be used for: 1. Expansion of new company-owned stores. 2. Lease and rental payments for new retail spaces. 3. Investment in technology and cloud infrastructure. 4. Brand marketing and promotions. |
| Is the high valuation justified? | The P/E of 235x is very high and is the main risk. It is justified by the company's clear market leadership, high revenue growth (32.5% YoY in FY25), and the vast, under-penetrated Indian eyewear market. Investors are betting on scale and future earnings. |
| What is Lenskart's market share? | Lenskart holds an estimated 4-6% market share in India's fragmented eyewear market, but it is the largest seller of prescription eyeglasses by volume in the organised segment. |
key takeaways
- Premium Pricing :- Remember, when you're investing, you're really buying into future growth potential rather than just looking at today's discounted earnings.
- Strong Brand & Model :- The combination of an omnichannel approach and a well-integrated supply chain gives this company a solid competitive edge.
- Strong Subscription :- The final subscription numbers are going to make it tough to secure allotments, especially for retail investors.
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