Tata Capital IPO Listing Price, Key Risks & Investor Analysis | October 2025

The IPO of Lenskart – among the biggest consumer-sector listings of the year – has seen a sharp drop in its grey market premium (GMP), falling about 70% before its official stock market listing.

Despite strong investor interest in the IPO itself (oversubscription of 28.3 times overall), the steep fall in the GMP shows caution among traders about large listing gains.

Analysts point to Lenskart’s high valuation and soft secondary market conditions as reasons for the muted enthusiasm. One brokerage noted that the firm’s valuations (around 10.1 × EV/Sales and 68.7 × EV/EBITDA) leave little room for big upside at listing.

On the positive side, Lenskart has shown solid business performance: it turned profitable rece

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