Overview
- Groww’s Rs 6,632.3 crore offer opens Nov 4 with a price band of Rs 95–100, after allotting 29.9 crore shares to anchor investors at Rs 100 to raise Rs 2,985 crore.
- Lenskart’s Rs 7,278.02 crore issue was subscribed around 1.8–1.85 times by Monday afternoon on day two, with the retail tranche near 3 times and QIB bids around 1.6 times.
- Both deals feature large offer-for-sale components and a 10% retail quota, factors analysts say will shape float, liquidity and near-term listing behavior.
- Grey market premiums were reported near Rs 15 for Groww and in a volatile Rs 57–85 range for Lenskart on Monday, which are informal signals not based on official data.
- Lenskart faces scrutiny for a near Rs 70,000 crore implied valuation and very high earnings multiples, while Groww highlights recent profitability and plans to expand margin funding, lending and wealth offerings.