Date: October 30, 2025:Check the latest Lenskart IPO GMP today, price band, valuation, and expert analysis. Find out if you should apply or avoid the Lenskart IPO amid stretched valuations and weak grey market trends.
Lenskart IPO GMP Today: Should You Apply or Stay Cautious? Full Analysis
Lenskart IPO Overview
Hello Investors! The much-awaited Lenskart IPO is finally here. The issue opens on October 31, and investors are closely watching the Lenskart IPO GMP today (Grey Market Premium) and overall sentiment in the IPO market.
However, before you rush to apply, there’s growing debate over Lenskart’s high valuation. Analysts across social media and brokerage reports are calling the IPO “overvalued”, given its stretched P/E multiples.
🔹 Valuation Concerns: Is Lenskart IPO Too Expensive?
At a market capitalization of nearly ₹70,000 crore, Lenskart’s IPO valuation is under scrutiny.
- Pre-IPO P/E ratio: ~228x
- Post-IPO P/E ratio: ~285x
- EPS (FY24): ₹1.77
- IPO Size: ₹7,278 crore (includes both fresh issue and OFS)
According to SBI Securities, valuations appear stretched, suggesting that listing gains may be limited.
Even if Lenskart triples its profits in the next few years, the P/E ratio would still hover around 70x, indicating that the stock remains highly priced compared to industry peers.
🔹 Promoters and Shareholding
Major shareholders include:
- SVF II LB Kmmen Led Group (SoftBank Vision Fund)
- Co-founders: Piyush Bansal and Neha Bansal (collectively holding ~19%)
The IPO includes a significant offer for sale (OFS) portion, meaning existing investors are offloading part of their stake.
🔹 Analyst Opinions & Market Sentiment
Market experts have already started giving “Avoid” ratings to the IPO due to its high pricing.
In an interview with CNBC TV18, Piyush Bansal defended the valuations, saying:
“Our focus is on delivering value to customers — quality lenses, affordable eyewear, and superior experience.”
Still, most analysts believe the IPO is priced too aggressively for long-term value investors.
🔹 Lenskart IPO GMP Today (Grey Market Premium Update)
- Initial GMP: ₹18 (around 27% premium)
- Next Day: Fell to 18%
- Current GMP: Around 13%
This steady decline in GMP shows weakening demand in the grey market — not a great sign ahead of listing.
🔹 Subscription Expectations
Given the current sentiment:
- Retail quota: 10%
- Likely subscription: Not expected to exceed 5x
- QIB (Institutional) response: Will be key on the final day
🔹 Should You Apply for Lenskart IPO?
✅ Short-term investors: May see small listing gains, but not significant.
❌ Long-term investors: Valuations look very expensive — not an ideal entry point.
Market indices are near all-time highs (Nifty 26,000+), which may also limit listing-day upside.
🔹 Final Verdict
- Lenskart IPO GMP Today: Around ₹18 → ₹13 (declining trend)
- Valuation: Extremely high (P/E above 280x post-issue)
- Recommendation: ⚠️ Apply only for small listing gains, with caution. Long-term investors should wait for better valuation levels.