Lenskart IPO GMP Today: Eyewear maker Lenskart is set to make its stock market debut on Monday, November 10. Ahead of its listing, the company’s grey market premium (GMP), which signals possible gains or losses for investors on the listing day, has crashed over 90% to Rs 8, compared with the peak GMP of Rs 108 recorded a few days ago.

Yesterday, November 6, the grey market premium had stood at Rs 30, which was nearly 70% lower than the peak GMP.

It is important to note that the GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

The IPO saw an overwhelming rush from investors across the board, pulling in bids worth Rs 27,494 crore for 9.97 crore shares on offer, an overall subscription of 6.86 time

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