Lenskart Solutions GMP positive on final day of subscription, market analysts urge caution

The Lenskart shares are trading at Rs. 461 per share suggesting GMP of Rs. 59 above the price band of Rs. 402.

Though the current GMP is positive, it has recorded a slump since the subscription started on October 31.

On October 31, the GMP of the company was Rs. 95.

According to a report by CNBC TV 18, the eyewear brand has recorded decent investor interest on the first two days of bidding.

However, the analysts caution that GMP is merely an indication of the market mood and it may swing either way before listing, which is scheduled for November 10.

With the price band ranging between Rs. 382 and Rs. 402, Lenskart IPO comprises a fresh issue of about Rs. 2,150 crore and an offer-for-sale (OFS) of approx. Rs. 5,128 crore.

At the upper price band, valuation of the company has been estimated at about Rs. 69,700 crore based on press coverage. 

Despite recent profitability, the company had losses in recent years. 

Lenskart Solutions Ltd (originally incorporated as Valyoo Technologies Pvt Ltd on May 19 2008) changed its name to Lenskart Solutions Private Limited in 2015, and converted to a public limited company in 2025.

They operate across the value chain — from design and manufacturing (including lens production) to retail distribution.

The eyewear market in India is projected to grow at a strong pace as vision correction needs rise and organised eyewear channels expand.

According to recent reports, Lenskart turned profitable in FY25.