LIVE: ‘IPO a pit stop, not destination’: Peyush Goyal responds to criticism over IPO valuation as GMP surges 21%

Go to Live Updates Lenskart Solutions IPO GMP, Subscription Status Live Updates: The Lenskart Solutions IPO subscription continues. The issue opened on October 31 and will close on November 4. The price band is Rs 382-402 per share. The company plans to raise Rs 7,278 crore from the market. This includes a fresh issue worth Rs 2,150 crore and an offer for sale of Rs 5,128 crore. The IPO allotment is expected to be finalised on November 6, and shares are likely to list on November 10 on the BSE and NSE. Lenskart Solutions IPO Key Details Price Band Rs 382-402 per share IPO Date October 31-November 04 GMP 21% IPO Allotment date November 06 Listing date Novemeber 10 IPO Management The issue is managed by Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services, with MUFG Intime India as the registrar. About the Company Lenskart Solutions designs, manufactures, and sells eyeglasses, sunglasses, and contact lenses under its own brands through a direct-to-consumer model. As of March 2025, the company operated 2,723 stores globally, 2,067 in India and 656 overseas. In FY25, it launched 105 new eyewear collections, including brand collaborations. Live Updates Lenskart Solutions IPO Opens for Subscription Live: Follow Live Coverage on Lenskart Solutions IPO GMP, Subscription Status, Allotment, Listing Date and More 12:02 (IST) 3 Nov 2025 Lenskart Solutions IPO Subscription Status, GMP Live: SBI Securities' Head of Research on IPO valuation “On the valuation, at the upper end of the price band, the issue represents a market cap of Rs 70,000 crore. At a 10x Sales multiple, valuations are stretched from a medium-term perspective. No doubt the business model is fairly strong; the company has made solid on-ground progress. However, at the current price, it is ideal for those looking at long-term plays in the retail eyewear manufacturing to consumer platform. Going forward, the key metrics to track will be the ability of the business to scale its profitability in line with its international peers,” according to Sunny Agrawal, Head of Fundamental Research at SBI Securities. 11:46 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Market position Lenskart is one of India’s largest organised eyewear retailers and ranks among Asia’s top two B2C players in the prescription glasses segment by sales volume. 11:19 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Subscription update As of the latest, on Day 2 of bidding so far, the Lenskart Solutions IPO has been subscribed 1.39 times overall, while the bidding process is still ongoing. So far, the retail investors’ portion has seen the highest interest with 2.03 times subscription, followed by qualified institutional buyers (QIBs) at 1.42 times and non-institutional investors (NIIs) at 0.88 times. 10:53 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: GMP trend The grey market premium (GMP) of the company has risen in the past few days. On October 29, the company was fetching a premium of a mere 12% to its issue price, which increased to 23.6% on October 31. This hints that the company has gained the confidence of investors. 10:32 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Key investors and stakeholders The company counts SoftBank, Temasek, and Kedaara Capital among its key backers. The OFS component allows early investors to partially exit while anchor investors include major global institutions. 09:45 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Financial performance In FY25, Lenskart reported revenue of about Rs 6,653 crore, up 22–23% year-on-year, and a net profit of Rs 297 crore compared to a loss in the previous year. However, analysts noted that part of the profit was driven by “other operating income.” 09:04 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Store network and presence As of March 2025, Lenskart operated over 2,700 stores in India and more than 650 overseas. Its manufacturing facility in Bhiwadi supports both domestic and international distribution. 08:22 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: About the company Founded in 2010, Lenskart operates an omni-channel eyewear retail model across India and international markets. It offers eyeglasses, sunglasses, contact lenses, and accessories under brands such as John Jacobs, Vincent Chase, and Lenskart Air. 07:45 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Use of IPO proceeds Funds raised through the fresh issue will be used for expansion and operational needs. Key allocations include Rs 272.6 crore for new company-owned stores, Rs 591.4 crore for rent and lease of existing outlets, Rs 213.4 crore for technology, and Rs 320 crore for brand marketing. 07:24 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Lead managers and registrar Kotak Mahindra Capital, Morgan Stanley India, Avendus Capital, Citigroup Global Markets India, Axis Capital, and Intensive Fiscal Services are the book-running lead managers. MUFG Intime India is the registrar. 07:11 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Investor quota distribution The IPO is divided among Qualified Institutional Buyers (QIBs) with around 75% reservation, Non-Institutional Investors (15%), and Retail Investors (10%). 06:45 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Subscription Status Day 1 The IPO was subscribed 1.13 times by the end of Day 1. The retail portion was booked 1.32 times, QIBs subscribed 1.42 times, and the NII segment 0.41 times. 06:23 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Subscription timeline The issue opened on October 31 and will close on November 4, 2025. The allotment is expected on November 6, and listing on November 10 on both NSE and BSE. Anchor investors were allotted shares worth Rs 3,268 crore ahead of the issue opening. 06:12 (IST) 3 Nov 2025 Lenskart IPO Subscription Status, GMP Live: Structure and size The Rs 7,278.02 crore IPO includes a fresh issue of Rs 2,150 crore and an offer for sale (OFS) worth Rs 5,128.02 crore. The price band is fixed between Rs 382 and Rs 402 per share. Investors can apply for a minimum of one lot containing 37 shares.

LIVE: ‘IPO a pit stop, not destination’: Peyush Goyal responds to criticism over IPO valuation as GMP surges 21%

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