Based on market trackers, Lenskart shares are at the moment buying and selling at a GMP (gray market premium) of round Rs 108 over the higher value band of Rs 402 per share, implying a potential itemizing value of Rs 510 and a 26.9% potential achieve for early traders. This marks a pointy soar from final week’s 19% premium, underscoring the rising investor urge for food for consumer-tech performs. The gray market premium (GMP) is an unofficial indicator of investor sentiment and will not precisely replicate the inventory’s precise itemizing value.
The full problem measurement is estimated at round Rs 7,278 crore, comprising a recent problem of Rs 2,150 crore and a suggestion on the market (OFS) of as much as 12.75 crore shares by promoters and present traders, amounting to about Rs 5,128 crore on the higher finish of the worth band.
The Rs 2,150-crore problem will open on October 31 and shut on November 4, with a value band of Rs 382–402 per share (face worth Rs 2 every). Buyers can bid for at least 37 shares and in multiples thereafter.The anchor investor allocation is slated for October 30, a day earlier than the IPO opens to the general public. Lenskart’s providing consists of each a recent problem and a suggestion on the market (OFS) — the latter permitting early backers to exit partially.
Fund Utilisation and Market Significance
Proceeds from the recent problem will gas retailer growth, know-how upgrades, and brand-building initiatives, as Lenskart goals to sharpen its omnichannel presence throughout India and worldwide markets.This IPO is poised to be India’s fourth-largest public problem of 2025, following Tata Capital, HDB Monetary Companies, and LG Electronics, a testomony to the rising attract of new-age retail corporations on the bourses.
Backed by Large Names
The eyewear unicorn counts SoftBank, Temasek, Kedaara Capital, and Alpha Wave Ventures amongst its marquee traders. Notably, billionaire Radhakishan Damani, founding father of DMart, just lately made a Rs 90-crore pre-IPO funding, including additional credibility to Lenskart’s progress story.
Robust Monetary Turnaround
Based in 2008 by Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, Lenskart has remodeled from a fledgling on-line eyewear platform right into a retail powerhouse with over 2,500 shops throughout India, the Center East, and Southeast Asia.
The corporate reported a web revenue of Rs 297 crore in FY25, reversing a Rs 10 crore loss in FY24, whereas income surged to Rs 6,625 crore, marking a 22% YoY progress. Administration attributes the turnaround to price effectivity, tech integration, and model engagement initiatives.
Share Allocation and Worker Advantages
Based on the crimson herring prospectus, 75% of the IPO is earmarked for certified institutional patrons (QIBs), 15% for non-institutional traders (NIIs), and 10% for retail traders. Eligible staff will obtain a reduction of Rs 19 per share on the difficulty value.
The tentative share allotment is predicted on November 6, with the itemizing prone to happen on November 10.
Analysts’ Take: Vibrant Outlook for Lenskart
Analysts are bullish on Lenskart’s progress trajectory. A latest Jefferies report famous that the corporate is “well-positioned to profit from rising imaginative and prescient issues, elevated display time, and increasing insurance coverage protection.”
With a possible valuation of round Rs 70,000 crore, Lenskart might develop into one among India’s most precious client manufacturers, buying and selling at an estimated P/E of over 200x FY25 earnings, a degree traders seem keen to guess on given its sturdy progress prospects.
