Lenskart IPO booked 1.13x on Day 1 as retail investors lead, GMP points to ~17% listing pop
Lenskart's IPO drew 1.13x subscription on its opening day, with retail investors driving demand. Grey market premium signals an expected listing gain near 17% over the issue price, an early read on appetite for the eyewear retailer's public debut.
Lenskart's IPO was subscribed 1.13 times on Day 1, with retail investors leading demand. Grey market premium signals an expected listing gain of around 17% over the issue price.
Why this matters
The IPO follows Lenskart's ₹2,150 cr filing targeting 620 new stores by 2029 amid margin pressure. Day 1 retail-led demand and a ~17% GMP test public appetite for the eyewear retailer's growth plans.
Retail-company signals steady at 4,165 over the trailing 90 days.
Also reported by
- Mint — Same time