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Lenskart IPO Hits 1.19x on Day Two as Groww Opens Tuesday in Packed IPO Week

Grey‑market quotes point to mid‑teens listing gains while rich valuations and large offer‑for‑sale tranches temper expectations.

Overview

  • Lenskart’s Rs 7,278.02 crore offering (Rs 382–402 band) was subscribed 1.19 times by 10:03 a.m. Monday, with QIBs at 1.42x, retail at 1.45x and NIIs at 0.54x, as bidding continues through Nov 4.
  • Lenskart’s latest grey‑market premium was about Rs 57 per share around 11:00 a.m., implying roughly a 14% upside versus the top of the price band, though GMPs are unofficial and volatile.
  • The eyewear company raised Rs 3,268 crore from 147 anchor investors at Rs 402; allotment is slated for Nov 6 and listing targeted for Nov 10 on the NSE and BSE.
  • Groww’s parent, Billionbrains Garage Ventures, opens its Rs 6,632.30 crore IPO on Nov 4–7 at Rs 95–100 (Rs 1,060 crore fresh, Rs 5,572.30 crore OFS) with a 150‑share lot and a retail quota capped at 10%; recent GMP indications hover near 15%.
  • A crowded primary calendar also includes Pine Labs’ Nov 7–11 IPO priced at Rs 210–221 for about Rs 3,900 crore, alongside SME issues from Shreeji Global FMCG, Finbud Financial Services and Curis Lifesciences.