Mumbai: Lenskart, one of India’s top eyewear brands, just opened its IPO for subscription today. If you’re interested, you can put in your bid until November 4. The company wants to raise Rs 7,278 crore—Rs 2,150 crore will come from new shares, and the rest, Rs 5,128 crore, is from existing shareholders selling their stake. The share price sits between Rs 382 and Rs 402, and you’ll need to buy at least 37 shares if you want in.

Now, before the IPO went live, Lenskart’s shares were buzzing in the grey market. On Friday, the grey market premium (GMP) was at Rs 75 per share. Basically, folks were paying Rs 477 per share—Rs 75 over the highest official price. With that kind of premium, analysts think Lenskart could list at about 18 percent higher than its issue price. Still, that GMP can swi

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