Lenskart IPO GMP: Passion high in gray market, know whether to stay away or apply?

Lenskart IPO GMP Today: Lenskart IPO has attracted investors on the very first day. Investors are filled with enthusiasm after seeing its GMP. The company wants to raise Rs 7,278 crore from this IPO. Know details, subscription updates…

Lenskart IPO Apply or Not: The most awaited IPO of India’s well-known eye glasses manufacturing company Lenskart Solutions Ltd has opened today i.e. on 31 October 2025. This issue will remain open till 4 November 2025. This tech-focused eyewear brand has fixed the price band of Rs 382 to Rs 402 per share. The company’s target is to raise about Rs 7,278.02 crore from this public issue. This includes both fresh shares and OFS (Offer for Sale).

Lenskart IPO details

IPO opening date- 31 October 2025

IPO closing date- 4 November 2025

Price Band- Rs 382 to Rs 402 per share

Lot Size- 37 shares per lot

Total issue size- Rs 7,278.02 crore

Fresh issue size- Rs 2,150 crore

OFS- Rs 5,128.02 crore

Allotment date- 6 November 2025 (probable)

Listing date- 10 November 2025 (probable)

Stock Exchange- BSE, NSE

Registrar- MUFG Intime India Pvt. Ltd.

Lenskart IPO GMP

Even before the opening of the IPO, Lenskart shares are performing well in the gray market (GMP). Lenskart IPO GMP today is Rs 48, which means investors are expected to get about 12% listing gain. This shows that market sentiment is currently positive and investors are enthusiastic about the company’s business model.

Lenskart IPO Subscription Status

Total subscription- 0.09 times

Retail investor share- 0.36 times full

NII- 0.08 times subscribe

Lenskart valuation and business analysis

According to experts, the company wants to achieve a valuation of around Rs 70,000 crore. However, this valuation is believed to be based on future prospects, as the company’s margins are still light. The company’s revenue growth is strong, but marketing and customer acquisition costs are high. Along with this, investment in offline expansion and logistics infrastructure is continuing. This means that the growth potential of the company is huge, but long-term profitability still remains a challenge.

Should I apply for Lenskart IPO or not?

According to brokerage firm Ventura Securities, ‘The company recorded a revenue of Rs 6,652.5 crore in FY25, which is much higher than last year. The company has earned a net profit of Rs 295.6 crore, leaving behind the net loss of FY24. EBITDA has also increased to Rs 971.1 crore and margin has reached 14.7%. It is clear from these figures that Lenskart has shown a financial turnaround in FY25.

Disclaimer: This article is for information only. This is not any kind of investment advice or recommendation. Investing in the stock market is associated with risk. Before investing, please consult your financial advisor or registered investment expert.

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