Eyewear giant Lenskart Solutions Ltd is making headlines as its Initial Public Offering (IPO) gears up to open on October 31, 2025, with strong investor enthusiasm reflected in the grey market premium (GMP). According to market trackers, Lenskart IPO GMP today stands at ₹70 per share, suggesting the stock is trading 17.41% higher than its issue price in the unlisted market.
This surge in GMP indicates robust investor confidence ahead of the issue opening.
Lenskart IPO Key Details
- IPO Opening Date: October 31, 2025
- IPO Closing Date: November 4, 2025
- Price Band: ₹382 to ₹402 per share
- Total Issue Size: ₹7,278.02 crore
- Fresh Issue: ₹2,150 crore (5.35 crore equity shares)
- Offer for Sale (OFS): ₹5,128.02 crore (12.76 crore shares)
- Listing Date (Tentative): November 10, 2025
- Stock Exchanges: BSE and NSE
Strong Market Buzz Around Lenskart Shares
The Lenskart IPO GMP of ₹70 signals that shares are currently trading around ₹472 apiece in the grey market — a clear premium over the upper price band of ₹402. Such activity often reflects early sentiment among retail and institutional investors before the stock officially lists.
Analysts note that the excitement stems from Lenskart’s dominant position in India’s eyewear industry, its strong brand recall, and a growing market opportunity in the organized optical retail segment.
About Lenskart: India’s Eyewear Powerhouse
Founded by Peyush Bansal, Lenskart has evolved into India’s largest eyewear retailer and one of Asia’s top two organized players in the prescription eyeglasses market. With a strong B2C sales network, an expanding online presence, and a commitment to affordability, the company continues to disrupt the traditional eyewear space.
Lenskart’s omnichannel strategy — blending online convenience with offline experience — has helped it reach millions of consumers across urban and semi-urban India.
Valuation and Review
At the upper end of the price band (₹402), Lenskart’s valuation translates to FY25 EV/Sales of 10.1x and EV/EBITDA of 68.7x, according to SBI Securities.
While analysts acknowledge the valuation appears stretched, they emphasize that Lenskart’s long-term growth story remains compelling.
“The valuation of Lenskart seems expensive, which may limit short-term listing gains. However, given its robust business model and leadership in an underpenetrated eyewear market, long-term prospects look promising,” SBI Securities said in its report.
The brokerage has given a ‘Subscribe for Long-Term’ recommendation at the cut-off price, citing potential profitability improvement as the business scales further.
Who’s Managing the Issue
The IPO is backed by several top-tier financial institutions.
Lead Managers: Axis Capital, Kotak Mahindra Financial, Morgan Stanley India, Avendus Capital, Citigroup Global, and Intensive Fiscal.
Registrar: MUFG Intime India Pvt. Ltd.
Investor Outlook
Market experts suggest that while listing gains may be moderate, investors with a long-term horizon could benefit from Lenskart’s consistent growth and improving margins. The company’s ability to scale up efficiently, coupled with its global aspirations, positions it strongly in the organized optical market.
Summary: Key Highlights
- IPO Dates: October 31 – November 4, 2025
- Price Band: ₹382–₹402 per share
- Grey Market Premium (GMP): ₹70 per share
- Listing Date: November 10, 2025
- Total Issue Size: ₹7,278 crore
- Brokerage View: Subscribe for long-term
Disclaimer: This article is for informational purposes only. The views and opinions expressed are those of market analysts and not of The Chandigarh News. Investors are advised to consult certified financial experts before making any investment decisions.