Lenskart IPO Listing Forecast: Grey Market Predicts Flat to Moderate Debut with 2.6% Premium

Lenskart, the prominent eyewear retailer, is preparing for its market debut on November 10, 2025. The company successfully raised ₹7,278.76 crore through its Initial Public Offering (IPO), which included both a fresh issue and an Offer for Sale (OFS). The IPO garnered significant investor interest, achieving an overall subscription of 17.5 times. Qualified Institutional Buyers (QIBs) showed the strongest demand, booking their quota 23.7 times, followed by Non-Institutional Investors (NIIs) at 13.84 times and retail investors at 4.57 times.

Ahead of its official listing, Lenskart's unlisted shares traded at approximately ₹412.5 in the grey market, indicating a premium of about 2.6% over the IPO's issue price of ₹402. This sentiment suggests that Lenskart shares might list around ₹412, potentially offering investors modest listing gains.

Market professionals, however, advise caution, emphasizing that the grey market operates outside regulatory bodies, and its premiums are not a guaranteed predictor of the stock's performance on the exchange. The IPO funds, totaling ₹2,150.74 crore from the fresh issue, are allocated for establishing new company-owned stores, covering lease expenses, enhancing technology and cloud infrastructure, brand marketing, potential acquisitions, and general corporate needs.

Heading: Impact This news is crucial for potential investors in Lenskart's IPO, as it provides an early outlook on listing day performance and potential returns. A strong or stable listing can boost investor confidence in the company and the broader IPO market, while a weak debut could dampen sentiment. The planned use of funds for expansion and technology indicates Lenskart's strategy for future growth, which is a key consideration for long-term investors. The stock's performance post-listing will also influence its peers and the overall sector outlook. Rating: 7/10

Heading: Difficult Terms IPO (Initial Public Offering): The first time a private company offers its shares to the public to raise capital. Grey Market: An unofficial market where securities are traded before their official listing on stock exchanges. Grey Market Premium (GMP): The difference between the price of a security in the grey market and its IPO issue price, indicating demand before listing. Offer for Sale (OFS): A process where existing shareholders sell their shares to new investors; the company itself does not receive funds from this. Fresh Issue: The company issues new shares to raise capital, and the proceeds go directly to the company. Qualified Institutional Buyers (QIBs): Large institutional investors such as mutual funds, foreign institutional investors, and insurance companies. Non-Institutional Investors (NIIs): High net-worth individuals and corporate bodies investing in IPOs. Basis of Allotment: The procedure for determining how many shares each applicant receives when an IPO is oversubscribed. Book-running Lead Managers: Investment banks responsible for managing the IPO process, including pricing and marketing. RHP (Red Herring Prospectus): A preliminary document filed with the securities regulator containing detailed information about an IPO.