Lenskart IPO Day 3 LIVE: Issue Subscribed 28.26x; GMP Dips to ₹53
Lenskart IPO Day 3 LIVE: Issue Subscribed 28.26x; GMP Dips to ₹53
The ₹402-priced IPO of Lenskart witnessed strong investor demand on the final day of bidding, closing with an overall subscription of 28.26 times.
Category-wise Subscription
QIB: 40.35x
NII: 18.23x
Retail: 7.53x
Employee: 4.96x
Institutional participation remained the strongest driver, with QIB demand crossing 40 times, reflecting solid confidence from large investors.
GMP Update
According to market sources, the Grey Market Premium (GMP) has softened to ₹53.
Issue Price: ₹402
Current GMP: ₹53
Estimated Listing Price: ₹455
Implied Listing Gain: ~13.18%
The dip in GMP suggests some cooling in near-term listing expectations, although overall demand remains robust.
What This Means for Investors
Strong QIB participation generally supports stable listing performance.
Retail subscription at 7.53x indicates healthy but not euphoric demand.
A declining GMP before listing can signal profit booking in the grey market.
