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Lenskart IPO GMP & Subscription 2025 — Investor Insights by Trading Shastra

Lenskart Solutions Ltd — India’s largest organised eyewear retailer — has launched one of the most awaited IPOs of 2025. Investors are closely watching its GMP (Grey Market Premium), subscription data, and valuation trends.
In this article, we decode these numbers and explain what they mean for Indian investors — simply and practically.

IPO Overview

DetailInformation
CompanyLenskart Solutions Ltd
IndustryEyewear & Optical Retail
Price Band₹382 – ₹402 per share
Issue Size₹7,278 crore (Fresh + OFS)
Valuation (Upper Band)Approx ₹69,700 crore
Subscription Window31 Oct – 4 Nov 2025
AllocationQIB 75%, NII 15%, Retail 10%
Expected Listing Date10 November 2025
Allotment Date6 November 2025

Quick insight:
Strong brand presence and digital scale make Lenskart a high-interest IPO — but analysts highlight its premium valuation as a key caution.


What is GMP (Grey Market Premium) & Why It Matters

Understanding GMP

The Grey Market Premium (GMP) represents the extra amount investors are ready to pay over the IPO issue price in the unlisted or “grey” market.
It’s unofficial and unregulated, serving only as a sentiment indicator, not a guarantee.

Why It’s Relevant for Investors

  • Provides a quick gauge of investor enthusiasm before listing.

  • Helps understand short-term listing expectations.

  • Reflects demand momentum — but can be speculative.

Smart Way to Use GMP

Treat GMP as a secondary signal. Always check fundamentals, subscription data, and peer valuation before taking decisions.


Lenskart IPO GMP & Subscription Trend (as of Nov 2025)

DateGMP (Approx)Subscription StatusObservation
Day 1₹70 (~17% over ₹402)1.15× overallStrong early interest
Day 2₹108 (~26–27%)2.02× overall; Retail 3.33×Rising enthusiasm
Day 3 (Final Day)₹85 (~21%)3× overall (est.)Healthy but stabilised demand

Interpretation:
GMP peaked around ₹108 and then cooled to ₹85, indicating sustained but moderated optimism. Subscription figures — especially retail — remained strong, showing decent participation despite valuation concerns.

Timeline Recap:

  • Allotment Date: 6 November 2025

  • Listing Date: 10 November 2025 (BSE & NSE)


What Investors Should Consider

Positives

  • Strong omni-channel brand with nationwide presence.

  • Growth opportunity in Tier-2 and Tier-3 cities.

  • Positive GMP reflects early optimism.

  • Backed by credible institutional investors.

Key Risks

  • High valuation (~₹70,000 crore) may limit short-term upside.

  • GMP softened near closing, hinting at cautious sentiment.

  • Listing performance depends on broader market liquidity.

  • Fundamentals post-listing will decide true value.

Factors to Watch

  1. Allotment ratio & QIB participation.

  2. Listing day opening trend & volumes.

  3. Sector peers’ valuation movements.

  4. Broader IPO market momentum.


Practical Investor Checklist

  • Read DRHP & prospectus carefully — focus on revenue mix, margin, and expansion strategy.

  • Don’t chase high GMP blindly; confirm demand sustainability.

  • Keep IPO allocation proportional to portfolio risk.

  • If planning to sell on listing, set target & exit range beforehand.

  • Track institutional subscription for confidence cues.


FAQs 

Q1. What is the GMP of Lenskart IPO today?

As of the latest reports, GMP is around ₹85 per share, roughly 21% above issue price.

Q2. What is the subscription status so far?

By Day 2, the IPO was subscribed ~2.02× overall, with retail 3.33×. Final day estimates show around 3× total.

Q3. Does high GMP mean guaranteed profit?

No. It only reflects early sentiment — not confirmed listing gains. Prices can change with market mood.

Q4. Should I apply if GMP is strong?

Only if fundamentals and valuation suit your risk appetite. GMP alone shouldn’t drive decisions.

Q5. When are allotment and listing dates?

Allotment expected on 6 November 2025, and listing likely on 10 November 2025 on NSE & BSE.


Conclusion

Lenskart’s IPO has drawn strong investor attention and maintains a positive GMP, suggesting a healthy debut.
Still, investors should weigh valuation, fundamentals, and risk tolerance carefully. GMP helps measure sentiment — not certainty.
Apply only if the business model and long-term growth story align with your portfolio goals.


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Disclaimer: This blog is for educational purposes only. Stock market investments are subject to risks. Please do thorough research before investing.

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