Lenskart shares to debut on Dalal Street tomorrow. What should investors expect?
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Eyewear retailer Lenskart Solutions will make its much-awaited stock market debut on Monday, but investor euphoria has cooled sharply. After one of 2025’s most sought-after consumer IPOs, the company’s grey market premium (GMP), a key gauge of listing expectations, has plunged nearly 94% from Rs 108 to around Rs 6.5 per share, indicating a modest 1.6% premium over the issue price of Rs 402. The sharp fall in the GMP suggests that traders in the unofficial market are turning cautious ahead of listing. Analysts said sentiment has softened amid valuation fatigue and a pullback in secondary markets, even as the public issue drew an overwhelming response. Strong demand despite valuation worries Lenskart’s Rs 7,278 crore IPO, one of the largest consumer listings of the year, received bids worth over Rs 1 lakh crore, translating to a 28.3 times overall subscription. The institutional segment led the rally, with Qualified Institutional Buyers (QI...